Two-Bedroom Residential Income
For Sale
$409,500
1405 FRANKFORD AVENUE Unit 409, Philadelphia, PA 19125
Corner residence with deeded garage parking, rooftop access, elevator service, and secure key-fob entry.
Property Size846 SF
Days on Market15
Property Features for 1405 FRANKFORD AVENUE Unit 409
General Information
Standard status
Active
Size
846 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$660
Amenities
roof deck
storage bins
bike room
secure key fob entry
Building Details
Building Size
846 SF
Year Built
2018
Listing Agency:
Compass Pennsylvania, LLC
(267) 255-2253
Listed By:
Christopher Baker · License #RS311679
(267) 255-2253
Source:
Patmckennarealtors
Added: Jul 21
Changed: Aug 4
Last Checked: Aug 4 at 5:17AM
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
Investment Insights
Based on property information with market context.
Unit 409 is a corner residence with two bedrooms, two full bathrooms, and one deeded garage parking space. The interior features mocha-toned flooring, an open kitchen and living area, a laundry closet, and two bathrooms finished with Italian tile and porcelain vanities. The kitchen includes quartz countertops and GE stainless steel appliances, including a wall oven, microwave, cooktop, and French-door refrigerator.
The property is located at 1405 Frankford Avenue in Philadelphia’s Fishtown neighborhood, within a 32-unit building completed in 2018. Building amenities include an elevator, secure key-fob access, individual storage bins, a basement bike room, and a common roof deck with 360-degree views that include Center City and the Ben Franklin Bridge. Suraya, WM Mulherin’s & Sons, Kalaya, Front Street Cafe, La Colombe, City Fitness, and other shops and restaurants are nearby. The EL and multiple bus lines are a 5-minute walk away, with access to I-76 and I-95.
The property is located at 1405 Frankford Avenue in Philadelphia’s Fishtown neighborhood, within a 32-unit building completed in 2018. Building amenities include an elevator, secure key-fob access, individual storage bins, a basement bike room, and a common roof deck with 360-degree views that include Center City and the Ben Franklin Bridge. Suraya, WM Mulherin’s & Sons, Kalaya, Front Street Cafe, La Colombe, City Fitness, and other shops and restaurants are nearby. The EL and multiple bus lines are a 5-minute walk away, with access to I-76 and I-95.
Key Highlights
- Two‑bedroom, two‑full‑bath corner unit
- One car deeded garage parking space
- Open kitchen and living area with quartz counters and GE stainless steel appliances
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.7k | $30.36 |
| − Vacancy | −$1.5k | −$1.76 |
| EGI | $24.2k | $28.60 |
| − OpEx | −$10.9k | −$12.87 |
| NOI | $13.3k | $15.73 |
846 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$190.1K
$166.3K – $221.8K
NOI $13,307 @ 7.0% cap · market cap 3.25%
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 3.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
$373,600
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner residence with deeded garage parking, rooftop access, elevator service, and secure key-fob entry.
Where is this residential income property located?
The property is located at 1405 FRANKFORD AVENUE Unit 409 Philadelphia, PA.
What is the asking price?
The asking price for this property is $409,500.
What are key features of this property?
This property features: Two‑bedroom, two‑full‑bath corner unit; One car deeded garage parking space; Open kitchen and living area with quartz counters and GE stainless steel appliances
