Mixed-Use Retail Duplex
1429 Frankford Avenue Philadelphia, PA 19125
1429 Frankford Avenue, Philadelphia, PA, 19125
$449,900
For Sale
$449,900
Mixed-use building with a ground-floor commercial space and an updated two-bedroom apartment above, each with separate utilities and HVAC.
Property Size1,196 SF
Price / SF$376.17
Days on Market332
Property Features for 1429 Frankford Avenue
General Information
- Standard status
- Active
- Size
- 1,196 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agency
Michael Jordan Real Estate, LLC
(215) 870-3903
Listed by
Michael Jordan · License #RM425935
(215) 870-3903
Source
Compass
Added: Aug 26, 2025 Updated: Jul 23 at 12:55AM Checked: Jul 23 at 12:55AM
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 Michael Jordan Real Estate, LLC
Investment Insights
Based on property information with market context.
1429 Frankford Avenue is an affordable mixed-use building configured as two units. The first floor includes a small commercial space with an unfinished basement. The upper unit is a small updated two-bedroom apartment.
The listing notes a location in Fishtown with close proximity to local restaurants, coffee shops, gyms, and the Frankford El, with access to nearby transit options including a bus stop, metro/subway station, and commuter rail station within about one mile.
Each unit is described as having separate utilities and mechanicals, with HVAC stated as approximately five years old.
The listing notes a location in Fishtown with close proximity to local restaurants, coffee shops, gyms, and the Frankford El, with access to nearby transit options including a bus stop, metro/subway station, and commuter rail station within about one mile.
Each unit is described as having separate utilities and mechanicals, with HVAC stated as approximately five years old.
Key Highlights
- Mixed‑use building on Frankford Ave with a ground‑floor commercial space and an updated 2‑bedroom apartment above
- Each unit has separate utilities and separate mechanicals
- HVAC systems are about 5 years old
Local Financial Insights For Multifamily LT 5
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 | $30.9k | $25.80 |
| − Vacancy | −$1.7k | −$1.42 |
| EGI | $29.2k | $24.38 |
| − OpEx | −$8.7k | −$7.31 |
| NOI | $20.4k | $17.06 |
1,196 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$291.6K
$255.1K – $340.2K
NOI $20,410 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$268.8K
$235.2K – $313.6K
NOI $18,813 @ 7.0% cap · market cap 4.18%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Michael Jordan Real ...
Real Estate Agency
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FAQs
What type of property is this?
Duplex - Mixed-use building with a ground-floor commercial space and an updated two-bedroom apartment above, each with separate utilities and HVAC.
Where is this duplex located?
The property is located at 1429 Frankford Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Mixed‑use building on Frankford Ave with a ground‑floor commercial space and an updated 2‑bedroom apartment above; Each unit has separate utilities and separate mechanicals; HVAC systems are about 5 years old
