Two-Bedroom Residential
For Sale
$425,000
1405 FRANKFORD AVENUE Unit 311, Philadelphia, PA 19125
An open-plan home pairs a quartz-counter kitchen with two full bathrooms and private building amenities.
Property Size846 SF
Price / SF$502.36
Days on Market119
Property Features for 1405 FRANKFORD AVENUE Unit 311
General Information
Standard status
Active
Size
846 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Kensington
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$613
Amenities
rooftop deck
weekly common area cleaning
trash and recycling removal
private storage units
secure key-fob entry
building security
bike room
snow removal
Building Details
Building Size
846 SF
Year Built
2018
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Sebastian Che Jenkins I · License #RS361140
(215) 971-5098
Source:
Wagnerrealestate
Added: Jul 9
Changed: Nov 3
Last Checked: Nov 4 at 6:54AM
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
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This 846-square-foot condominium in a 2018-built residence has two bedrooms, two full bathrooms, and an open living and dining area. The kitchen features quartz countertops, stainless steel appliances, ample cabinetry, and a peninsula. Hardwood flooring and oversized windows extend through the home. The primary bedroom has an en-suite bathroom with a double vanity and oversized shower; a stacked washer and dryer is also included.
The residence is on Frankford Avenue in Fishtown, across from City Fitness and near La Colombe, Mulherin's, and Suraya. Building amenities include a rooftop deck with views of the city skyline and Ben Franklin Bridge, elevator access, private storage, secure key-fob entry, building security, a bike room, and weekly common-area cleaning. Trash and recycling removal and snow removal are provided.
The residence is on Frankford Avenue in Fishtown, across from City Fitness and near La Colombe, Mulherin's, and Suraya. Building amenities include a rooftop deck with views of the city skyline and Ben Franklin Bridge, elevator access, private storage, secure key-fob entry, building security, a bike room, and weekly common-area cleaning. Trash and recycling removal and snow removal are provided.
Key Highlights
- 846‑square‑foot condominium in a building completed in 2018
- Two bedrooms and two full bathrooms
- Quartz‑counter kitchen with stainless steel appliances and a large peninsula
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,307
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,140
$266.1K
Cap Rate 7%
$190,100
$190.1K
Cap Rate 9%
$147,856
$147.9K
Market Conditions
NOI Build-Up for 846 SF
Gross rent
$25.7K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$24.2K $28.60/SF
− OpEx
−$10.9K −$12.87/SF
NOI
$13.3K $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%
$266,140
Cap Rate 7%
$190,100
Cap Rate 9%
$147,856
Alternative Uses
Best Use
Apartment 5plus
$190.1K
$166.3K – $221.8K
NOI $13,307 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$206.2K
$180.5K – $240.6K
NOI $14,437 @ 7.0% cap · market cap 3.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
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 - An open-plan home pairs a quartz-counter kitchen with two full bathrooms and private building amenities.
Where is this residential income property located?
The property is located at 1405 FRANKFORD AVENUE Unit 311 Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 846‑square‑foot condominium in a building completed in 2018; Two bedrooms and two full bathrooms; Quartz‑counter kitchen with stainless steel appliances and a large peninsula
