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    Multifamily Property with Connected Levels Title is generated by Realmo AI

    2928 Frankford Avenue, Philadelphia, PA 19134

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    For Sale
    $385,000

    Five rented apartments with basement and first-floor space connected to neighboring properties for shared use.

    Type:Multi-Family
    Property size:
    2,868 SF
    Price / SF:
    $134/SF
    Added:
    May 3, 2026
    Days on Market:
    56
    Last Refresh:
    Jun 24 at 3:32 am

    Property Features for 2928 Frankford Avenue

    General Information

    Standard status
    Active
    Size
    2,868 SF
    Property subtype
    Multi-Family

    Building Details

    Year Built
    1915

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    Nile Thompson
    Nile Thompson

    Listing office KW Commercial

    Listing date May 3, 2026

    Source Xome

    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 KW Commercial

    HighLights

    • Five rented apartments plus basement and first‑floor space connected to neighboring properties for shared use
    • Connected on basement and first‑floor levels with 2922 Frankford Ave and 2924‑26 Frankford Ave (property sold AS IS)
    • Basement and first floors currently used as storage, office, and workshop space
    • Total gross rent currently $3,035/month from 5 rented apartments ($825, $510, $565, $565, and $570/month)
    • RM1 zoning; on‑street parking (Window Air Conditioning and Heating: 3); year built 1915

    Overview

    This AS-IS multifamily property includes five rented apartments. The basement and first-floor levels are currently being used for storage, office, and workshop space. The property is connected on the basement and first-floor levels to 2922 Frankford Ave and 2924-26 Frankford Ave, with the three properties operating together in those lower and first-level spaces.

    Located at 2928 Frankford Avenue in Philadelphia, the property also may be acquired in a larger package with several additional adjacent/related listings, including 3403 Frankford Ave, 3405 Frankford Ave, 3551 Kensington Ave, 3553 Kensington Ave, 1909 E Ontario St, and 1911 E Cambria St.

    For tenants, buyers, or operators, the configuration supports both residential income and flexible use of the connected basement and first-floor areas for working space needs. The existing apartment rent roll provides current occupied revenue, while the shared lower-level layout may appeal to groups looking to coordinate storage, office, or workshop functions across connected buildings. The sale is being offered on an AS-IS basis, with the purchase structure accounting for the connection between the properties at the basement and first-floor levels.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1169053
    Latitude
    39.9902894

    FAQs

    What type of property is this?
    Apartment building - Five rented apartments with basement and first-floor space connected to neighboring properties for shared use.
    Where is this apartment building located?
    The property is located at 2928 Frankford Avenue Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: Five rented apartments plus basement and first‑floor space connected to neighboring properties for shared use; Connected on basement and first‑floor levels with 2922 Frankford Ave and 2924‑26 Frankford Ave (property sold AS IS); Basement and first floors currently used as storage, office, and workshop space
    More about this property
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