Mixed-Use Property with Brewery
For Sale
$695,000
2223 FRANKFORD Avenue, Philadelphia, PA 19125
Multi-Family, PHILADELPHIA, PA
Property Size2,316 SF
Lot Size0.03 Acres
Price / SF$300.09
Days on Market94
Property Features for 2223 FRANKFORD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Subdivision
FISHTOWN
High school
KENSINGTON
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,316 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2704
Utilities
Heating system
Electric (Heating), Forced Air, Baseboard
Cooling system
Central Air
Building Details
Year built
1919
Number of units
3
Building materials
Brick
Listing Agency:
Keller Williams Hometown · Keller Williams Realty
(856) 241-4343
Listed By:
Heather M Bosco · License #RS357191
(856) 469-3091
Added: Jul 7
Changed: Sep 20
Last Checked: Oct 8 at 4:06AM
MLS# PAPH2644938
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,316-square-foot mixed-use property in Philadelphia’s Fishtown neighborhood contains three units within a brick building constructed in 1919. The ground floor is occupied by Brewery ARS under a multi-year NNN lease, while the second and third floors contain rented residential apartments with two bedrooms and one bedroom, respectively. The property is zoned CMX-2 and includes a basement.
Recent work includes a newer roof, exterior painting, brick pointing, replacement windows, updated entry doors, and improvements to the brewery entrance. The residential units have received kitchen, bathroom, lighting, paint, and carpeting updates, while the commercial space includes plumbing and electrical upgrades with exposed brick finishes. Central air, electric heating, baseboard heat, forced air, and on-street parking are included among the property features.
Located at 2223 Frankford Avenue, the property is near the Girard and Berks Market-Frankford Line stations, with Center City accessible in two stops. The site is part of the Fishtown Kensington Area Business Improvement District.
Recent work includes a newer roof, exterior painting, brick pointing, replacement windows, updated entry doors, and improvements to the brewery entrance. The residential units have received kitchen, bathroom, lighting, paint, and carpeting updates, while the commercial space includes plumbing and electrical upgrades with exposed brick finishes. Central air, electric heating, baseboard heat, forced air, and on-street parking are included among the property features.
Located at 2223 Frankford Avenue, the property is near the Girard and Berks Market-Frankford Line stations, with Center City accessible in two stops. The site is part of the Fishtown Kensington Area Business Improvement District.
Key Highlights
- Three‑unit mixed‑use building with a brewery and two residential apartments
- 2,316 square feet on a 0.0301‑acre lot
- Brewery ARS occupies the ground floor under a multi‑year NNN lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,522
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,440
$790.4K
Cap Rate 7%
$564,600
$564.6K
Cap Rate 9%
$439,133
$439.1K
Market Conditions
NOI Build-Up for 2,316 SF
Gross rent
$59.8K $25.80/SF
− Vacancy
−$3.3K −$1.42/SF
EGI
$56.5K $24.38/SF
− OpEx
−$16.9K −$7.31/SF
NOI
$39.5K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,440
Cap Rate 7%
$564,600
Cap Rate 9%
$439,133
Alternative Uses
Best Use
Multifamily LT 5
$564.6K
$494.0K – $658.7K
NOI $39,522 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$520.4K
$455.4K – $607.2K
NOI $36,430 @ 7.0% cap · market cap 5.24%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,781
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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Market
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial building with an occupied ground-floor brewery and two leased apartments above.
Where is this mixed-use property located?
The property is located at 2223 FRANKFORD Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Three‑unit mixed‑use building with a brewery and two residential apartments; 2,316 square feet on a 0.0301‑acre lot; Brewery ARS occupies the ground floor under a multi‑year NNN lease
