Seven-Unit Mixed-Use
New
For Sale
Contact for pricing
2301 Frankford Avenue, Philadelphia, PA 19125
Six apartments are paired with a street-level commercial suite featuring upgraded finishes and in-unit laundry.
Property Size8,500 SF
Price / SF$200
Days on Market6
Property Features for 2301 Frankford Avenue
General Information
Standard status
Active
Size
8,500 SF
Property subtype
Retail, Multifamily, Mixed Use
Zoning
Commercial; Mixed Use
Occupancy
100%
Investment Type
Stabilized
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 1BR/1BA, 2 x 1BR/1.5BA, 1 x 2BR/2BA
Multifamily Units
6
Amenities
stainless steel appliances
stone countertops
LVT flooring
subway tile backsplashes
white shaker-style cabinetry
central HVAC
in-unit washer/dryer
oversized windows
Building Details
Year Built
1875
Buildings
1
Stories
3
Units
7
Tenancy
Multi
Listing Agency:
GREA
Listed By:
Christopher Farmer · License #RS331174
Source:
Crexi
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 3 at 4:42AM
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 GREA
Investment Insights
Based on property information with market context.
This mixed-use property contains six apartments and 1,398 square feet of ground-floor commercial space within an 8,500-square-foot building constructed in 1875. The residential component includes three one-bedroom, one-bath units, two one-bedroom, one-and-a-half-bath units, and one two-bedroom, two-bath unit. Apartment features include stainless steel appliances, stone countertops, LVT flooring, subway tile backsplashes, white shaker cabinetry, central HVAC, in-unit washers and dryers, and oversized windows. The commercial suite is leased to Cormorant Corner Bar.
The property is located along Frankford Avenue in Philadelphia’s Fishtown neighborhood, near WM Mulherin's Sons, LMNO, Suraya, Kalaya, La Colombe, and Pizzeria Beddia. I-76, I-676, and I-95 are minutes away, while SEPTA’s Girard Avenue and Dauphin Street stations provide access via the Market-Frankford Line. The zoning is identified as Commercial; Mixed Use.
The property is located along Frankford Avenue in Philadelphia’s Fishtown neighborhood, near WM Mulherin's Sons, LMNO, Suraya, Kalaya, La Colombe, and Pizzeria Beddia. I-76, I-676, and I-95 are minutes away, while SEPTA’s Girard Avenue and Dauphin Street stations provide access via the Market-Frankford Line. The zoning is identified as Commercial; Mixed Use.
Key Highlights
- Six apartments plus 1,398 square feet of ground‑floor commercial space
- Residential mix includes three 1‑bedroom/1‑bath, two 1‑bedroom/1.5‑bath, and one 2‑bedroom/2‑bath units
- Apartment interiors feature stainless steel appliances, stone countertops, LVT flooring, and white shaker cabinetry
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 | $258.1k | $30.36 |
| − Vacancy | −$15.0k | −$1.76 |
| EGI | $243.1k | $28.60 |
| − OpEx | −$109.4k | −$12.87 |
| NOI | $133.7k | $15.73 |
8,500 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.91M
$1.67M – $2.23M
NOI $133,701 @ 7.0% cap · market cap 7.86%
Second Best
Specialty Retail
$1.76M
$1.54M – $2.05M
NOI $123,165 @ 7.0% cap · market cap 7.25%
Theoretical Best
Multifamily LT 5
$2.07M
$1.81M – $2.42M
NOI $145,052 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,661
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 Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six apartments are paired with a street-level commercial suite featuring upgraded finishes and in-unit laundry.
Where is this mixed-use property located?
The property is located at 2301 Frankford Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Six apartments plus 1,398 square feet of ground‑floor commercial space; Residential mix includes three 1‑bedroom/1‑bath, two 1‑bedroom/1.5‑bath, and one 2‑bedroom/2‑bath units; Apartment interiors feature stainless steel appliances, stone countertops, LVT flooring, and white shaker cabinetry
