Residential Income Property with Rooftop
For Sale
$425,000
1405 FRANKFORD AVENUE Unit 405, Philadelphia, PA 19125
A two-bedroom layout pairs an open kitchen with two full bathrooms and in-unit laundry.
Property Size852 SF
Price / SF$498.83
Days on Market116
Property Features for 1405 FRANKFORD AVENUE Unit 405
General Information
Standard status
Active
Size
852 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Kensington
Road Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$656
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
852 SF
Year Built
2018
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Sebastian Che Jenkins I · License #RS361140
(215) 971-5098
Source:
Desantis-realestate
Added: Jul 8
Changed: Oct 31
Last Checked: Oct 31 at 1:06PM
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 852-square-foot condominium residence was built in 2018 and offers two bedrooms and two full bathrooms. Hardwood floors extend through the open living and dining area, while oversized windows bring in natural light. The kitchen includes quartz counters, stainless steel appliances, ample cabinetry, and a peninsula. The primary bedroom has an en-suite bath with a double vanity and oversized shower; a second bedroom and full bath provide additional space. A stacked washer and dryer are included.
Building amenities include a rooftop deck with views of the Philadelphia skyline and the Benjamin Franklin Bridge, elevator access, private storage, secure key-fob entry, building security, and a bike room. Common-area cleaning, trash and recycling removal, and snow removal are also provided. The property is on Frankford Avenue in Fishtown, across from City Fitness and near La Colombe, Mulherin’s, Suraya, and neighborhood restaurants, cafés, boutiques, and entertainment.
Building amenities include a rooftop deck with views of the Philadelphia skyline and the Benjamin Franklin Bridge, elevator access, private storage, secure key-fob entry, building security, and a bike room. Common-area cleaning, trash and recycling removal, and snow removal are also provided. The property is on Frankford Avenue in Fishtown, across from City Fitness and near La Colombe, Mulherin’s, Suraya, and neighborhood restaurants, cafés, boutiques, and entertainment.
Key Highlights
- 852‑square‑foot residence built in 2018
- Two bedrooms and two full bathrooms
- Kitchen features quartz countertops, stainless steel appliances, and a large peninsula
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,402
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,040
$268.0K
Cap Rate 7%
$191,457
$191.5K
Cap Rate 9%
$148,911
$148.9K
Market Conditions
NOI Build-Up for 852 SF
Gross rent
$25.9K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$24.4K $28.60/SF
− OpEx
−$11.0K −$12.87/SF
NOI
$13.4K $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%
$268,040
Cap Rate 7%
$191,457
Cap Rate 9%
$148,911
Alternative Uses
Best Use
Apartment 5plus
$191.5K
$167.5K – $223.4K
NOI $13,402 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$207.7K
$181.7K – $242.3K
NOI $14,539 @ 7.0% cap · market cap 3.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
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 - A two-bedroom layout pairs an open kitchen with two full bathrooms and in-unit laundry.
Where is this residential income property located?
The property is located at 1405 FRANKFORD AVENUE Unit 405 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: 852‑square‑foot residence built in 2018; Two bedrooms and two full bathrooms; Kitchen features quartz countertops, stainless steel appliances, and a large peninsula
