$405,000

417 LINCOLN AVENUE, Prospect Park, PA 19076

  • 2,715 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $149/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

This fully rented triplex at 417-419 Lincoln Ave in Prospect Park presents a prime value-add opportunity for investors seeking to maximize returns in a highly desirable location. Featuring three rental units—two spacious 2-bedroom, 1-bath apartments and a cozy 1-bedroom, 1-bath basement unit—for a total of $3,395 rental income. This property offers steady rental income potential and convenience with parking, efficient gas heating, and a prime location near schools and public transportation, it’s an ideal choice for tenants and investors alike. Recent upgrades have been made to enhance the property’s value, including a full rehab of the basement unit in October 2024 for $10,000, the replacement of three water heaters in 2023 for $6,500, and a fresh coat of paint in Unit 2 in July 2024 for $3,000. Additionally, the building is situated in a highly accessible neighborhood, with Park Square just a short distance away. Whether you’re looking to expand your real estate portfolio or generate reliable passive income, this triplex is an excellent investment opportunity.

Listing Status:
Pending
Listing Office:
Redfin Corporation : 4849620034
Listing Agent:
Andrew G Black : 6106806200
MLS ID:
PADE2085724

This listing courtesy of Andrew G Black, Redfin Corporation

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Prospect Park School

10th & Pennsylvania Avenues, Prospect Park, PA, 19076

Grades 1-8

0.38 miles away

P

Prospect Park School

10th & Pennsylvania Avenues, Prospect Park, PA, 19076

Grades 1-8

0.38 miles away

I

Interboro High School

16th & Amosland Road, Prospect Park, PA, 19076

Grades 9-12

0.84 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.