Mixed-Use Triplex with Rooftop
For Sale
$674,900
2427 Frankford Avenue, Philadelphia, PA 19125
Fully occupied building combines a first-floor commercial unit with two one-bedroom residences.
Property Size1,803 SF
Price / SF$374.32
Days on Market409
Property Features for 2427 Frankford Avenue
General Information
Standard status
Active
Size
1,803 SF
Property subtype
Multi-Family
Zoning
CMX2
Occupancy
100%
Site & Location
Neighborhood
Kensington
Taxes and HOA fees
Annual Taxes
$1,092
Amenities
private rear patio
private rooftop deck
Hardwood
Natural Gas
Yes
No
Assessor
No Pool
Appliances in as is condition
Public
Y50
19.00 x 65.00
0.02
On Street
Free,Public
Permanent
78040.00
Building Details
Building Size
1,803 SF
Year Built
2017
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
JG Real Estate LLC
Listed By:
Ariel L Morgenstein · License #AB067988
(215) 467-4100
Source:
Thetristaterealestategroup
Added: Sep 18, 2025
Changed: Oct 29
Last Checked: Oct 30 at 12:21PM
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 JG Real Estate LLC
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Investment Insights
Based on property information with market context.
Built in 2017, 2427 Frankford Avenue is a fully occupied mixed-use triplex in Philadelphia’s Fishtown neighborhood. The property includes a commercial unit on the first floor and two residential units above, each with one bedroom and one bathroom. The commercial space features a large glass storefront, hardwood floors, modern finishes, a private rear patio, and basement access.
The third-floor residence includes a private rooftop deck with city views. The property is located at 2427 Frankford Avenue in Philadelphia, Pennsylvania, with a total property size of 1,803 square feet. The configuration combines commercial and residential space within a recently built three-unit property.
The third-floor residence includes a private rooftop deck with city views. The property is located at 2427 Frankford Avenue in Philadelphia, Pennsylvania, with a total property size of 1,803 square feet. The configuration combines commercial and residential space within a recently built three-unit property.
Key Highlights
- Fully occupied mixed‑use triplex built in 2017
- First‑floor commercial unit with large glass storefront
- Two residential units, each with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,768
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,360
$615.4K
Cap Rate 7%
$439,543
$439.5K
Cap Rate 9%
$341,867
$341.9K
Market Conditions
NOI Build-Up for 1,803 SF
Gross rent
$46.5K $25.80/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$44.0K $24.38/SF
− OpEx
−$13.2K −$7.31/SF
NOI
$30.8K $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%
$615,360
Cap Rate 7%
$439,543
Cap Rate 9%
$341,867
Alternative Uses
Best Use
Multifamily LT 5
$439.5K
$384.6K – $512.8K
NOI $30,768 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$405.1K
$354.5K – $472.7K
NOI $28,360 @ 7.0% cap · market cap 4.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied building combines a first-floor commercial unit with two one-bedroom residences.
Where is this mixed-use property located?
The property is located at 2427 Frankford Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Fully occupied mixed‑use triplex built in 2017; First‑floor commercial unit with large glass storefront; Two residential units, each with 1 bedroom and 1 bathroom
