Corner Residential Income
For Sale
$450,000
1405 FRANKFORD AVENUE Unit 403, Philadelphia, PA 19125
Corner residence with open living areas, modern finishes, secure access, and shared rooftop city views.
Property Size1,222 SF
Days on Market144
Property Features for 1405 FRANKFORD AVENUE Unit 403
General Information
Standard status
Active
Size
1,222 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Kensington
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$810
Amenities
green roof
bike storage
storage bin
key-fob access
garage
Building Details
Building Size
1,222 SF
Year Built
2018
Listing Agency:
Elfant Wissahickon Realtors
Listed By:
Rachel F Shaw · License #RS338589
(937) 475-1888
Source:
Patmckennarealtors
Added: Jun 11
Changed: Oct 31
Last Checked: Nov 1 at 1:52PM
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 Elfant Wissahickon Realtors
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Investment Insights
Based on property information with market context.
This corner residence at Penn Treaty Residences features an open-concept kitchen, living, and dining arrangement with south- and east-facing exposure. The kitchen includes quartz countertops, a waterfall-edge peninsula, GE stainless steel appliances, a wall oven, built-in microwave, French-door refrigerator, and gas cooktop. The bedroom offers a walk-in closet with a full-size stacked washer and dryer, while the bathroom includes Italian tile, a walk-in shower, and dual shower fixtures. Built in 2018, the property has approximately three years remaining on its tax abatement.
Building amenities include a furnished green roof with direct elevator access, 360-degree city views, secure bike storage, and a deeded private basement storage bin. Key-fob entry controls the building, elevators, roof deck, basement, and garage. The residence is in Philadelphia’s Fishtown neighborhood, near SEPTA, I-95, I-76, restaurants, cafes, breweries, fitness studios, grocery stores, Penn Treaty Park, and the Delaware River Trail.
Building amenities include a furnished green roof with direct elevator access, 360-degree city views, secure bike storage, and a deeded private basement storage bin. Key-fob entry controls the building, elevators, roof deck, basement, and garage. The residence is in Philadelphia’s Fishtown neighborhood, near SEPTA, I-95, I-76, restaurants, cafes, breweries, fitness studios, grocery stores, Penn Treaty Park, and the Delaware River Trail.
Key Highlights
- Corner residence with south- and east‑facing exposure
- Open‑concept kitchen, living, and dining areas
- Quartz counters, waterfall‑edge peninsula, and GE stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,221
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,420
$384.4K
Cap Rate 7%
$274,586
$274.6K
Cap Rate 9%
$213,567
$213.6K
Market Conditions
NOI Build-Up for 1,222 SF
Gross rent
$37.1K $30.36/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$34.9K $28.60/SF
− OpEx
−$15.7K −$12.87/SF
NOI
$19.2K $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%
$384,420
Cap Rate 7%
$274,586
Cap Rate 9%
$213,567
Alternative Uses
Best Use
Apartment 5plus
$274.6K
$240.3K – $320.4K
NOI $19,221 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$297.9K
$260.7K – $347.6K
NOI $20,853 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road 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 - Corner residence with open living areas, modern finishes, secure access, and shared rooftop city views.
Where is this residential income property located?
The property is located at 1405 FRANKFORD AVENUE Unit 403 Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Corner residence with south- and east‑facing exposure; Open‑concept kitchen, living, and dining areas; Quartz counters, waterfall‑edge peninsula, and GE stainless steel appliances
