Two-Bedroom Residential
For Sale
$364,500
1405 FRANKFORD AVENUE Unit 301, Philadelphia, PA 19125
A rental license accompanies this bi-level unit, which has two bedrooms and an open main-floor living area.
Property Size971 SF
Days on Market25
Property Features for 1405 FRANKFORD AVENUE Unit 301
General Information
Standard status
Active
Size
971 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Kensington
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$563
Amenities
common roof deck
private storage bins
bike room
secure key-fob entry
Building Details
Building Size
971 SF
Year Built
2018
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Christopher Baker · License #RS311679
(267) 255-2253
Source:
Patmckennarealtors
Added: Oct 8
Changed: Oct 31
Last Checked: Oct 30 at 10:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
Located at 1405 Frankford Avenue, Unit 301, this two-level condominium has two bedrooms and 1.5 bathrooms. The main floor combines the kitchen and living area in an open layout, with a powder room and coat closet. The kitchen includes GE stainless steel appliances, a quartz island and countertops; laundry is located on the lower level. The unit also has carpenter’s closets and a rental license. The building was completed in 2018 and contains 30 units.
Residents have access to a common roof deck, individual storage bins, a basement bike room, key-fob entry and an elevator. The property is directly behind the Rose Garden and within a five-minute walk of the El and multiple bus lines. I-76 and I-95 are accessible from the area. Parking is not included with the unit.
Residents have access to a common roof deck, individual storage bins, a basement bike room, key-fob entry and an elevator. The property is directly behind the Rose Garden and within a five-minute walk of the El and multiple bus lines. I-76 and I-95 are accessible from the area. Parking is not included with the unit.
Key Highlights
- Two‑bedroom, 1.5‑bath bi‑level condominium with a rental license
- Open main‑floor layout with kitchen, living area, powder room and coat closet
- GE stainless steel appliances and quartz island and countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,273
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,460
$305.5K
Cap Rate 7%
$218,186
$218.2K
Cap Rate 9%
$169,700
$169.7K
Market Conditions
NOI Build-Up for 971 SF
Gross rent
$29.5K $30.36/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$27.8K $28.60/SF
− OpEx
−$12.5K −$12.87/SF
NOI
$15.3K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,460
Cap Rate 7%
$218,186
Cap Rate 9%
$169,700
Alternative Uses
Best Use
Apartment 5plus
$218.2K
$190.9K – $254.6K
NOI $15,273 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$236.7K
$207.1K – $276.2K
NOI $16,570 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,513
Businesses Nearby
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Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A rental license accompanies this bi-level unit, which has two bedrooms and an open main-floor living area.
Where is this residential income property located?
The property is located at 1405 FRANKFORD AVENUE Unit 301 Philadelphia, PA.
What is the asking price?
The asking price for this property is $364,500.
What are key features of this property?
This property features: Two‑bedroom, 1.5‑bath bi‑level condominium with a rental license; Open main‑floor layout with kitchen, living area, powder room and coat closet; GE stainless steel appliances and quartz island and countertops
