Corner Condominium
For Sale
$361,000
1405 FRANKFORD AVENUE Unit 410, Philadelphia, PA 19125
The one-bedroom floor plan includes a walk-in closet and an in-unit washer and dryer.
Property Size672 SF
Price / SF$537.20
Days on Market97
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
Neighborhood
Kensington
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
electric fireplace
Building Details
Building Size
672 SF
Year Built
2018
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Jul 27
Changed: Oct 27
Last Checked: Oct 27 at 4:37AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 672-square-foot corner residence at Penn Treaty Residences has an open kitchen, living, and dining area, one bedroom, and one bathroom. The kitchen features quartz counters, a waterfall-edge peninsula, and GE stainless steel appliances. A stacked washer and dryer are located in the bedroom’s walk-in closet. The unit was built in 2018 and has approximately three years remaining on its property tax abatement.
Building features include an elevator-accessible green roof with city views, secure bicycle storage, a private basement storage bin, and key-fob entry to shared areas. Rose Garden Park is directly outside the building, with Penn Treaty Park and the Delaware River Trail within walking distance. SEPTA and access to I-95 and I-76 are nearby.
Building features include an elevator-accessible green roof with city views, secure bicycle storage, a private basement storage bin, and key-fob entry to shared areas. Rose Garden Park is directly outside the building, with Penn Treaty Park and the Delaware River Trail within walking distance. SEPTA and access to I-95 and I-76 are nearby.
Key Highlights
- 672‑square‑foot corner residence in a building completed in 2018
- One‑bedroom, one‑bathroom layout with open kitchen, living, and dining areas
- Approximately three years remain on the property tax abatement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,570
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,400
$211.4K
Cap Rate 7%
$151,000
$151.0K
Cap Rate 9%
$117,444
$117.4K
Market Conditions
NOI Build-Up for 672 SF
Gross rent
$20.4K $30.36/SF
− Vacancy
−$1.2K −$1.76/SF
EGI
$19.2K $28.60/SF
− OpEx
−$8.6K −$12.87/SF
NOI
$10.6K $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%
$211,400
Cap Rate 7%
$151,000
Cap Rate 9%
$117,444
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.
How Realmo checks its estimates
Property Analytics
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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
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom floor plan includes a walk-in closet and an in-unit washer and dryer.
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: 672‑square‑foot corner residence in a building completed in 2018; One‑bedroom, one‑bathroom layout with open kitchen, living, and dining areas; Approximately three years remain on the property tax abatement
