7-Unit Mixed-Use Investment
For Sale
$2,299,000
2414 FRANKFORD AVE, Philadelphia, PA 19125
Seven-unit building with six apartments over ground-floor retail, fully leased to Philadelphia Barber Co.
Property Size5,900 SF
Price / SF$389.66
Days on Market100
Property Features for 2414 FRANKFORD AVE
General Information
Standard status
Active
Size
5,900 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
6
Building Details
Stories
3
Tenancy
Multi
Listing Agency:
Keller Williams Liberty Place
(609) 399-5454
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Lakehomesbyliz
Added: Jul 14
Changed: Oct 17
Last Checked: Oct 20 at 8:23PM
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 Keller Williams Liberty Place
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Investment Insights
Based on property information with market context.
2414 Frankford Avenue is a fully leased, turnkey 7-unit investment property in a three-story building totaling approximately 15,900 SF. The residential component consists of six apartments: two bi-level units with 2 bedrooms and 2 bathrooms, and four 1-bedroom, 1-bath units. The ground-floor commercial space totals approximately 796 SF and is leased to Philadelphia Barber Co.
The property has about 29' of frontage along Frankford Avenue. The building sits on the Frankford Avenue corridor in Fishtown and is described as walkable to local destinations, including the Market-Frankford El train and various restaurants, retailers, cafes, and fitness options.
According to the public remarks, the offering includes a 10-year tax abatement.
The property has about 29' of frontage along Frankford Avenue. The building sits on the Frankford Avenue corridor in Fishtown and is described as walkable to local destinations, including the Market-Frankford El train and various restaurants, retailers, cafes, and fitness options.
According to the public remarks, the offering includes a 10-year tax abatement.
Key Highlights
- 2022‑built 3‑story, 7‑unit investment property at 2414 Frankford Avenue in Philadelphia’s Fishtown
- 29' frontage on Frankford Avenue and approximately 15,900 SF total building size
- Six apartments above ground‑floor retail: two 2BD/2BA bi‑level units and four 1BD/1BA units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,804
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,856,080
$1.9M
Cap Rate 7%
$1,325,771
$1.3M
Cap Rate 9%
$1,031,156
$1.0M
Market Conditions
NOI Build-Up for 5,900 SF
Gross rent
$179.1K $30.36/SF
− Vacancy
−$10.4K −$1.76/SF
EGI
$168.7K $28.60/SF
− OpEx
−$75.9K −$12.87/SF
NOI
$92.8K $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 Rate 5%
$1,856,080
Cap Rate 7%
$1,325,771
Cap Rate 9%
$1,031,156
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,804 @ 7.0% cap · market cap 4.04%
Second Best
Retail
$952.6K
$833.5K – $1.11M
NOI $66,683 @ 7.0% cap · market cap 2.90%
Theoretical Best
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,683 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,772
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 Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit building with six apartments over ground-floor retail, fully leased to Philadelphia Barber Co.
Where is this apartment building located?
The property is located at 2414 FRANKFORD AVE Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: 2022‑built 3‑story, 7‑unit investment property at 2414 Frankford Avenue in Philadelphia’s Fishtown; 29' frontage on Frankford Avenue and approximately 15,900 SF total building size; Six apartments above ground‑floor retail: two 2BD/2BA bi‑level units and four 1BD/1BA units
