7-Unit Mixed-Use Investment
2414 Frankford Avenue Philadelphia, PA 19125
2414 Frankford Avenue, Philadelphia, PA, 19125
$2,299,000
For Sale
$2,299,000
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 Market300
Property Features for 2414 Frankford Avenue
General Information
- Standard status
- Active
- Size
- 5,900 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2022
Listing agency
Keller Williams Liberty Place
(267) 435-8015
Listed by
Ryan J McManus · License #RS316262
Source
Deepcreeklake
Added: Sep 26, 2025 Updated: Jul 21 at 3:07AM Checked: Jul 22 at 6:53AM
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
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
Local 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 | $179.1k | $30.36 |
| − Vacancy | −$10.4k | −$1.76 |
| EGI | $168.7k | $28.60 |
| − OpEx | −$75.9k | −$12.87 |
| NOI | $92.8k | $15.73 |
5,900 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Philadelphia Barber Co.(Kensington)
Barber Shop
Similar For Sale Nearby
FAQs
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 Avenue 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
