Corner Residential Income
For Sale
$361,000
1405 FRANKFORD AVENUE Unit 410, Philadelphia, PA 19125
Corner residence with open living areas, modern finishes, secure access, and shared rooftop city views.
Property Size672 SF
Days on Market9
Property Features for 1405 FRANKFORD AVENUE Unit 410
General Information
Standard status
Active
Size
672 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$499
Amenities
green roof
bike storage
storage bin
key-fob access
garage
Building Details
Building Size
672 SF
Year Built
2018
Listing Agency:
Compass Pennsylvania, LLC
(215) 868-4874
Listed By:
Thomas M Smitley · License #RS314021
(215) 868-4874
Source:
Patmckennarealtors
Added: Jul 27
Changed: Aug 4
Last Checked: Aug 4 at 3:42AM
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.
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 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 | $20.4k | $30.36 |
| − Vacancy | −$1.2k | −$1.76 |
| EGI | $19.2k | $28.60 |
| − OpEx | −$8.6k | −$12.87 |
| NOI | $10.6k | $15.73 |
672 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$151.0K
$132.1K – $176.2K
NOI $10,570 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$163.8K
$143.4K – $191.1K
NOI $11,468 @ 7.0% cap · market cap 3.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road 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 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 410 Philadelphia, PA.
What is the asking price?
The asking price for this property is $361,000.
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
