Residential Income Property with Private
For Sale
$199,999
2512 FRANKFORD AVENUE Unit 1A, Philadelphia, PA 19125
Two-level condominium offers flexible living areas, two bedrooms, a full bath, and in-unit laundry.
Property Size1,128 SF
Days on Market37
Property Features for 2512 FRANKFORD AVENUE Unit 1A
General Information
Standard status
Active
Size
1,128 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,123
Building Details
Building Size
1,128 SF
Year Built
1875
Listing Agency:
Compass Pennsylvania, LLC
(610) 520-2500
Listed By:
Tammy J Harrison · License #AB068656
(610) 520-2500
Source:
Patmckennarealtors
Added: Jun 30
Changed: Aug 4
Last Checked: Aug 5 at 4:55AM
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.
This condominium in a boutique building is arranged across a main level and finished lower level, with a private entrance and oversized windows that bring natural light into the interior. The open-concept primary level includes a living area, modern kitchen with newer stainless steel appliances, and a flexible room suited to bedroom or office use. Downstairs, the finished space adds a second bedroom, bonus room, full bath, and stackable laundry. A large egress window provides additional light and functionality on the lower level.
The property is positioned along Frankford Avenue in Philadelphia’s East Kensington/Fishtown area. Dining, entertainment, coffee shops, breweries, arts venues, parks, and boutique shopping are identified nearby, with Center City and major transportation routes also described as minutes away. The combination of private access, adaptable interior space, and a finished lower level gives the residence a distinct townhome-style layout within a condominium setting.
The property is positioned along Frankford Avenue in Philadelphia’s East Kensington/Fishtown area. Dining, entertainment, coffee shops, breweries, arts venues, parks, and boutique shopping are identified nearby, with Center City and major transportation routes also described as minutes away. The combination of private access, adaptable interior space, and a finished lower level gives the residence a distinct townhome-style layout within a condominium setting.
Key Highlights
- Private entrance in a boutique condominium building
- Finished lower level with second bedroom, bonus room, full bath, and stackable laundry
- Open‑concept main level with modern kitchen and newer stainless steel appliances
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 | $34.2k | $30.36 |
| − Vacancy | −$2.0k | −$1.76 |
| EGI | $32.3k | $28.60 |
| − OpEx | −$14.5k | −$12.87 |
| NOI | $17.7k | $15.73 |
1,128 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$253.5K
$221.8K – $295.7K
NOI $17,743 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$275.0K
$240.6K – $320.8K
NOI $19,249 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,794
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium offers flexible living areas, two bedrooms, a full bath, and in-unit laundry.
Where is this residential income property located?
The property is located at 2512 FRANKFORD AVENUE Unit 1A Philadelphia, PA.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Private entrance in a boutique condominium building; Finished lower level with second bedroom, bonus room, full bath, and stackable laundry; Open‑concept main level with modern kitchen and newer stainless steel appliances
