About 417-419 Lincoln Ave
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.
Features of 417-419 Lincoln Ave
| MLS® # | PADE2085724 |
|---|---|
| Price | $405,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,715 |
| Acres | 0.11 |
| Year Built | 1950 |
| Type | Multi-Family |
| Sub-Type | Triplex, Detached |
| Style | Traditional |
| Status | Active Under Contract |
Community Information
| Address | 417-419 Lincoln Ave |
|---|---|
| Area | Prospect Park Boro (10433) |
| Subdivision | PROSPECT PARK |
| City | PROSPECT PARK |
| County | DELAWARE-PA |
| State | PA |
| Municipality | PROSPECT PARK BORO |
| Zip Code | 19076 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Forced Air |
|---|---|
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full, Partially Finished, Walkout Level |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Foundation | Concrete Perimeter |
School Information
| District | INTERBORO |
|---|---|
| Elementary | PROSPECT PARK SCHOOL |
| Middle | PROSPECT PARK SCHOOL |
| High | INTERBORO SENIOR |
Additional Information
| Zoning | RESIDENTIAL |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Redfin Corporation |
|---|---|
| Contact Info | (215) 631-3154 |