One-Bedroom Residential Income
For Sale
$299,900
1405 FRANKFORD AVENUE Unit 506, Philadelphia, PA 19125
The residence includes a rental license and access to a rooftop deck, private storage lockers, and dedicated bicycle storage.
Property Size682 SF
Price / SF$439.74
Days on Market87
Property Features for 1405 FRANKFORD AVENUE Unit 506
General Information
Standard status
Active
Size
682 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Kensington
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$514
Amenities
rooftop deck
private storage lockers
dedicated bike storage room
Building Details
Building Size
682 SF
Year Built
2018
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Christopher Baker · License #RS311679
(267) 255-2253
Source:
Desantis-realestate
Added: Aug 6
Changed: Oct 29
Last Checked: Oct 27 at 4:00AM
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 682-square-foot residence in Penn Treaty Residences has one bedroom and one and a half baths. The open living and dining area connects to a kitchen with a quartz waterfall island, GE stainless steel appliances, a built-in oven and microwave, and a gas cooktop. The primary suite has a custom closet system and an en suite bath with a walk-in shower; a separate powder room serves the main living area. Engineered hardwood flooring and an electric fireplace are also included. The property was built in 2018 and comes with a rental license.
Building amenities include a rooftop deck with Center City skyline views, private storage lockers, and a dedicated bike storage room. The residence overlooks a neighborhood rose garden and is near restaurants, cafes, parks, shops, and public transportation.
Building amenities include a rooftop deck with Center City skyline views, private storage lockers, and a dedicated bike storage room. The residence overlooks a neighborhood rose garden and is near restaurants, cafes, parks, shops, and public transportation.
Key Highlights
- 682‑square‑foot residence with one bedroom and one and a half baths
- Rental license included
- Quartz waterfall island, GE stainless steel appliances, and gas cooktop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,728
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,560
$214.6K
Cap Rate 7%
$153,257
$153.3K
Cap Rate 9%
$119,200
$119.2K
Market Conditions
NOI Build-Up for 682 SF
Gross rent
$20.7K $30.36/SF
− Vacancy
−$1.2K −$1.76/SF
EGI
$19.5K $28.60/SF
− OpEx
−$8.8K −$12.87/SF
NOI
$10.7K $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%
$214,560
Cap Rate 7%
$153,257
Cap Rate 9%
$119,200
Alternative Uses
Best Use
Apartment 5plus
$153.3K
$134.1K – $178.8K
NOI $10,728 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$166.3K
$145.5K – $194.0K
NOI $11,638 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
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 - The residence includes a rental license and access to a rooftop deck, private storage lockers, and dedicated bicycle storage.
Where is this residential income property located?
The property is located at 1405 FRANKFORD AVENUE Unit 506 Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 682‑square‑foot residence with one bedroom and one and a half baths; Rental license included; Quartz waterfall island, GE stainless steel appliances, and gas cooktop
