Fishtown Mixed-Use
2427 FRANKFORD Avenue Philadelphia, PA 19125
For Sale
$699,900
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,803 SF
Lot Size0.02 Acres
Price / SF$388.19
Days on Market312
Property Features for 2427 FRANKFORD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Appliances
Built-In Microwave, Dishwasher, Stainless Steel Appliances, Washer/Dryer Stacked, Oven/Range - Gas, Refrigerator
Standard status
Active
Size
1,803 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1092
Utilities
Heating system
Hot Water(Heating)
Cooling system
Ductless
Building Details
Year built
2017
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
JG Real Estate LLC
(215) 467-4100
Listed By:
Ariel L Morgenstein · License #AB067988
(215) 467-4100
Added: Sep 19, 2025
Changed: Jun 9
Last Checked: Jul 27 at 5:06PM
MLS# PAPH2537182
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property at 2427 Frankford Ave is a fully occupied mixed-use triplex located in Philadelphia's Fishtown neighborhood. Constructed in 2017, the property includes a commercial unit on the first floor and two residential units above. The commercial space features a large glass storefront, hardwood floors, modern finishes, a private rear patio, and basement access. The two residential units are each configured with one bedroom and one bathroom. The unit on the third floor includes a private rooftop deck that offers city views. The property size is 1803 square feet and the lot size is 0.0196 acres.
Key Highlights
- Fully occupied mixed‑use triplex in Fishtown.
- Built in 2017 with modern construction.
- Commercial unit features a glass storefront, hardwood floors, modern finishes, and private rear patio.
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied mixed-use triplex in Philadelphia's Fishtown neighborhood.
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 in Fishtown.; Built in 2017 with modern construction.; Commercial unit features a glass storefront, hardwood floors, modern finishes, and private rear patio.
