Listing Agency: Keller Williams Liberty Place Show Phone

Listed By: Ryan J McManus · License #RS316262 Show Phone

Source: Imanirealtors

Added: Mar 27 Changed: Oct 16 Last Checked: Oct 19 at 6:49AM

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Investment Insights

Based on property information with market context.

Located on Frankford Avenue in Philadelphia's Fishtown neighborhood, 2525 Frankford Avenue is a 5500 square foot, 3-story investment property featuring 36 feet of frontage. The building contains six 1-bedroom, 1-bathroom apartments situated above 845 square feet of ground-floor commercial space. The retail space is currently leased long-term to Forin, an "all-day cafe". The apartments feature factory-styled oversized windows, kitchens and baths, European-inspired finishes, high ceilings, and laundry and storage. The property is located in a walkable setting, near the Market-Frankford El train, Shake Shack, La Colombe, Kalaya, Suraya, LMNO, Goldie, City Fitness, Front Street Cafe, Middle Child Clubhouse, Laser Wolf, Wm. Mulherin's Sons, Pizzeria Beddia, and Palmer Park. The property is located in a high-growth rental submarket and has a 10-year tax abatement.

Key Highlights

• Turnkey, fully‑leased 7‑unit investment property in prime Fishtown location on Frankford Avenue.
• Long‑term lease of ground floor commercial space to popular 'all‑day cafe', Forin.
• Six (6) modern 1bd x 1ba apartments with desirable features: factory‑style windows, slick kitchens/baths, European‑inspired finishes, high ceilings, and in‑unit laundry/storage.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,512

Cap Rate

3.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,730,240 $1.7M

Cap Rate 7%

$1,235,886 $1.2M

Cap Rate 9%

$961,244 $961.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,500 SF

Gross rent

$167.0K $30.36/SF

− Vacancy

−$9.7K −$1.76/SF

EGI

$157.3K $28.60/SF

− OpEx

−$70.8K −$12.87/SF

NOI

$86.5K $15.73/SF

Area

Philadelphia, PA

Vacancy

5.80%

Lease Rate

$30.36 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,730,240

Cap Rate 7%

$1,235,886

Cap Rate 9%

$961,244

Alternative Uses

Best Use

Apartment 5plus

$1.24M

$1.08M – $1.44M (±1% cap)

NOI $86,512 @ 7.0% cap · market cap 3.89%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,857 @ 7.0% cap · market cap 4.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

2,527

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

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Turnkey 7-unit property on Frankford Avenue in Fishtown.

Where is this apartment building located?

The property is located at 2525 FRANKFORD AVE Philadelphia, PA.

What is the asking price?

The asking price for this property is $2,225,000.

What are key features of this property?

This property features: Turnkey, fully‑leased 7‑unit investment property in prime Fishtown location on Frankford Avenue.; Long‑term lease of ground floor commercial space to popular 'all‑day cafe', Forin.; Six (6) modern 1bd x 1ba apartments with desirable features: factory‑style windows, slick kitchens/baths, European‑inspired finishes, high ceilings, and in‑unit laundry/storage.