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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.
Property Type(s):
Multi Family
| Last Updated | 3/28/2025 | Tract | PROSPECT PARK |
|---|---|---|---|
| Year Built | 1950 | Community | Prospect Park Boro (10433) |
| County | DELAWARE |
SCHOOLS
| School District | INTERBORO |
|---|---|
| Elementary School | PROSPECT PARK SCHOOL |
| Jr. High School | PROSPECT PARK SCHOOL |
| High School | INTERBORO SENIOR |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Water Heater |
| AREA | Prospect Park Boro (10433) |
| BASEMENT | Full, Partially Finished, Walk-Out Access, Yes |
| CONSTRUCTION | Brick |
| HEAT | Forced Air, Natural Gas |
| LOT | 4792 sq ft |
| LOT DIMENSIONS | 50.00 x 100.00 |
| PARKING | Parking Lot |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STYLE | Traditional |
| SUBDIVISION | PROSPECT PARK |
| TAXES | 6961 |
| WATER | Public |
Location
Listing provided by Redfin Corporation
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2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 3/31/25 6:17 AM PDT
This IDX solution is (c) Diverse Solutions 2025.
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