Quadplex with Updated Building
For Sale
$599,000
3131 FRANKFORD Avenue, Philadelphia, PA 19134
Multi-Family, PHILADELPHIA, PA
Property Size3,416 SF
Lot Size0.04 Acres
Price / SF$175.35
Days on Market54
Property Features for 3131 FRANKFORD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,416 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
1300
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1910
Number of units
4
Building materials
Masonry
Architectural style
Colonial, Victorian
Buildings
1
Listing Agency:
Keller Williams Realty - Moorestown
(856) 316-1100
Listed By:
Isis Yovana Toledo Rosas · License #RS375314
(215) 740-2068
Added: Sep 7
Changed: Oct 26
Last Checked: Oct 30 at 9:06AM
MLS# PAPH2662320
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.
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Investment Insights
Based on property information with market context.
This 3,416-square-foot quadplex, built in 1910, is configured across four levels with a basement, first floor, second floor, and third floor. The planned unit mix includes two three-bedroom, one-bath units, a two-bedroom, one-bath unit, and a one-bedroom, one-bath unit. The first-floor residence is ADA compliant. Interior completion remains necessary, including drywall, flooring, and kitchen and bathroom installation.
Completed property work includes metal framing, a sprinkler system, rubber roofing, windows, electrical service, and plumbing. Central heating and central air are installed, while parking is available on street. The property is zoned RM-1, which permits a quadplex by right.
Completed property work includes metal framing, a sprinkler system, rubber roofing, windows, electrical service, and plumbing. Central heating and central air are installed, while parking is available on street. The property is zoned RM-1, which permits a quadplex by right.
Key Highlights
- 3,416‑square‑foot quadplex on a 0.0354‑acre lot
- RM‑1 zoning permits a quadplex by right
- Four‑level layout with 4 residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,732
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,074,640
$1.1M
Cap Rate 7%
$767,600
$767.6K
Cap Rate 9%
$597,022
$597.0K
Market Conditions
NOI Build-Up for 3,416 SF
Gross rent
$103.7K $30.36/SF
− Vacancy
−$6.0K −$1.76/SF
EGI
$97.7K $28.60/SF
− OpEx
−$44.0K −$12.87/SF
NOI
$53.7K $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%
$1,074,640
Cap Rate 7%
$767,600
Cap Rate 9%
$597,022
Alternative Uses
Best Use
Multifamily LT 5
$832.8K
$728.7K – $971.6K
NOI $58,294 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$767.6K
$671.7K – $895.5K
NOI $53,732 @ 7.0% cap · market cap 8.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,506
Businesses Nearby
Explore this area
Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - RM-1 zoning permits four residential units by right, with interiors ready for completion.
Where is this quadplex located?
The property is located at 3131 FRANKFORD Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,416‑square‑foot quadplex on a 0.0354‑acre lot; RM‑1 zoning permits a quadplex by right; Four‑level layout with 4 residential units
