Top-Floor Residential Income
For Sale
$535,000
1512 FRANKFORD AVENUE Unit 3, Philadelphia, PA 19125
Bi-level condo with a private roof deck, open living areas, updated kitchen finishes, and in-unit laundry.
Property Size1,733 SF
Days on Market103
Property Features for 1512 FRANKFORD AVENUE Unit 3
General Information
Standard status
Active
Size
1,733 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Building Size
1,733 SF
Year Built
2016
Listing Agency:
KW Empower
(215) 545-8700
Listed By:
Jennifer L Geddes · License #RS321126
(215) 545-8700
Source:
Patmckennarealtors
Added: Apr 24
Changed: Jul 31
Last Checked: Aug 1 at 11:18AM
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 KW Empower
Investment Insights
Based on property information with market context.
Built in 2016, this top-floor, bi-level residential income property is configured as a three-bedroom, 2.5-bathroom condo with an open floor plan and abundant natural light. The home features dark walnut flooring, floor-to-ceiling bay windows with automated blinds, a kitchen with stainless steel appliances, quartz counters, a trash compactor, ample cabinetry, and a breakfast bar. The upper level includes a primary bedroom with an en-suite bathroom and walk-in closet, two additional bedrooms, a hall bathroom, and an in-unit washer and dryer. The unit has been freshly painted and is vacant.
A private roof deck measuring almost 650 square feet provides views of the city, the Ben Franklin Bridge, and the Fishtown area. The property is located at 1512 Frankford Avenue, Unit 3, in Philadelphia, with access to the Market-Frankford line, the Ben Franklin Bridge, and I-95. Nearby destinations named in the property information include Kalaya, Frankford Hall, WM Mulherins, Suraya, La Colombe, Pizzeria Beddia, and City Fitness.
A private roof deck measuring almost 650 square feet provides views of the city, the Ben Franklin Bridge, and the Fishtown area. The property is located at 1512 Frankford Avenue, Unit 3, in Philadelphia, with access to the Market-Frankford line, the Ben Franklin Bridge, and I-95. Nearby destinations named in the property information include Kalaya, Frankford Hall, WM Mulherins, Suraya, La Colombe, Pizzeria Beddia, and City Fitness.
Key Highlights
- Three‑bedroom, 2.5‑bathroom top‑floor, bi‑level condo
- Private roof deck measuring almost 650 sq ft
- Built in 2016 and freshly painted; currently vacant
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 | $52.6k | $30.36 |
| − Vacancy | −$3.1k | −$1.76 |
| EGI | $49.6k | $28.60 |
| − OpEx | −$22.3k | −$12.87 |
| NOI | $27.3k | $15.73 |
1,733 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$389.4K
$340.7K – $454.3K
NOI $27,259 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$422.5K
$369.7K – $492.9K
NOI $29,573 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
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 - Bi-level condo with a private roof deck, open living areas, updated kitchen finishes, and in-unit laundry.
Where is this residential income property located?
The property is located at 1512 FRANKFORD AVENUE Unit 3 Philadelphia, PA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Three‑bedroom, 2.5‑bathroom top‑floor, bi‑level condo; Private roof deck measuring almost 650 sq ft; Built in 2016 and freshly painted; currently vacant
