Residential Income Property with
For Sale
$339,000
1767 FRANKFORD AVENUE Unit A, Philadelphia, PA 19125
First-floor condominium unit with an open living level, two full bedroom baths, and a private patio.
Property Size1,170 SF
Days on Market9
Property Features for 1767 FRANKFORD AVENUE Unit A
General Information
Standard status
Active
Size
1,170 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,294
Building Details
Building Size
1,170 SF
Year Built
2016
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Michael Garden · License #RS293814
(215) 500-2981
Source:
Patmckennarealtors
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 15 at 11:50AM
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 first-floor condominium unit is part of a 3-unit building completed in 2016. The main level combines living and kitchen areas with solid wood flooring, a modern kitchen, a powder room, and a west-facing bank of windows. A full-light kitchen door opens to one patio, while the primary bedroom includes access to a second outdoor space. The lower bedroom level contains two bedrooms, each with a private full bath, along with light wells that bring daylight into the rooms.
The property is located on Frankford Avenue in Philadelphia’s Fishtown neighborhood, on a residential, tree-lined block. Riverwards grocery store and the Berks Street stop on the El are a few blocks away, with cafes, restaurants, boutiques, and parks also nearby.
The property is located on Frankford Avenue in Philadelphia’s Fishtown neighborhood, on a residential, tree-lined block. Riverwards grocery store and the Berks Street stop on the El are a few blocks away, with cafes, restaurants, boutiques, and parks also nearby.
Key Highlights
- Two‑bedroom, 2.5‑bath condominium unit
- First‑floor unit in a 3‑unit building completed in 2016
- Two outdoor spaces, including a kitchen‑accessible patio and primary bedroom patio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,404
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$368,080
$368.1K
Cap Rate 7%
$262,914
$262.9K
Cap Rate 9%
$204,489
$204.5K
Market Conditions
NOI Build-Up for 1,170 SF
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.
Gross rent
$35.5K $30.36/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$33.5K $28.60/SF
− OpEx
−$15.1K −$12.87/SF
NOI
$18.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$368,080
Cap Rate 7%
$262,914
Cap Rate 9%
$204,489
Alternative Uses
Best Use
Apartment 5plus
$262.9K
$230.1K – $306.7K
NOI $18,404 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$285.2K
$249.6K – $332.8K
NOI $19,966 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,149
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor condominium unit with an open living level, two full bedroom baths, and a private patio.
Where is this residential income property located?
The property is located at 1767 FRANKFORD AVENUE Unit A Philadelphia, PA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Two‑bedroom, 2.5‑bath condominium unit; First‑floor unit in a 3‑unit building completed in 2016; Two outdoor spaces, including a kitchen‑accessible patio and primary bedroom patio
