Residential Income Property with Garage
For Sale
$362,500
1405 FRANKFORD AVENUE Unit 404, Philadelphia, PA 19125
The one-bedroom residence includes deeded garage parking and access to a shared roof deck, elevator, bike room, and storage.
Property Size701 SF
Days on Market25
Property Features for 1405 FRANKFORD AVENUE Unit 404
General Information
Standard status
Active
Size
701 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Kensington
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$514
Amenities
common roof deck
storage bins
bike room
secure key fob entry
security cameras
Building Details
Building Size
701 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 9:38PM
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.
This 2018 residence in a 30-unit building has one bedroom, 1.5 bathrooms, an open kitchen and living area, and deeded garage parking. The kitchen features GE stainless steel appliances, including a wall oven, microwave, cooktop, and French door refrigerator. An electric fireplace and oversized windows add to the living space, while both bathrooms have Italian tile and porcelain vanities. Building amenities include a common roof deck, elevator, bike room, storage bins, key fob entry, and security cameras.
The property is in Philadelphia’s Fishtown neighborhood, behind the Rose Garden. The El and multiple bus lines are a five-minute walk away, with access to I-76 and I-95. The roof deck offers 360-degree views that include Center City and the Ben Franklin Bridge.
The property is in Philadelphia’s Fishtown neighborhood, behind the Rose Garden. The El and multiple bus lines are a five-minute walk away, with access to I-76 and I-95. The roof deck offers 360-degree views that include Center City and the Ben Franklin Bridge.
Key Highlights
- One‑bedroom residence with 1.5 bathrooms
- Deeded parking for 1 car
- Built in 2018 within a 30‑residence building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,026
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,520
$220.5K
Cap Rate 7%
$157,514
$157.5K
Cap Rate 9%
$122,511
$122.5K
Market Conditions
NOI Build-Up for 701 SF
Gross rent
$21.3K $30.36/SF
− Vacancy
−$1.2K −$1.76/SF
EGI
$20.0K $28.60/SF
− OpEx
−$9.0K −$12.87/SF
NOI
$11.0K $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%
$220,520
Cap Rate 7%
$157,514
Cap Rate 9%
$122,511
Alternative Uses
Best Use
Apartment 5plus
$157.5K
$137.8K – $183.8K
NOI $11,026 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$170.9K
$149.5K – $199.4K
NOI $11,962 @ 7.0% cap · market cap 3.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,513
Businesses Nearby
Explore this area
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 - The one-bedroom residence includes deeded garage parking and access to a shared roof deck, elevator, bike room, and storage.
Where is this residential income property located?
The property is located at 1405 FRANKFORD AVENUE Unit 404 Philadelphia, PA.
What is the asking price?
The asking price for this property is $362,500.
What are key features of this property?
This property features: One‑bedroom residence with 1.5 bathrooms; Deeded parking for 1 car; Built in 2018 within a 30‑residence building
