Mixed-Use Triplex with Rooftop
For Sale
$699,900
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$388.19
Days on Market318
Property Features for 2427 Frankford Avenue
General Information
Standard status
Active
Size
1,803 SF
Property subtype
Multi-Family
Occupancy
100%
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:
Compass Pennsylvania, LLC
(609) 304-2314
Listed By:
Christopher Twardy · License #1540241
(609) 304-2314
Source:
Thetristaterealestategroup
Added: Sep 18, 2025
Changed: Jul 31
Last Checked: Jul 31 at 7:05PM
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 Compass Pennsylvania, LLC
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 For Multifamily LT 5
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 | $46.5k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $44.0k | $24.38 |
| − OpEx | −$13.2k | −$7.31 |
| NOI | $30.8k | $17.06 |
1,803 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$439.5K
$384.6K – $512.8K
NOI $30,768 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$405.1K
$354.5K – $472.7K
NOI $28,360 @ 7.0% cap · market cap 4.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
$373,600
Median Home Value
Market
Average Price Trend$/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 - 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 $699,900.
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
