Mixed-Use Apartment and Retail
4501 4501-3 Frankford Ave Philadelphia, PA 19124
New
4501 4501-3 Frankford Ave, Philadelphia, PA, 19124
$1,500,000
For Sale
$1,500,000
Fully occupied 12-unit mixed-use property with ground-floor retail storefronts and residential apartments.
Property Size11,384 SF
Price / SF$131.76
Days on Market2
Property Features for 4501 4501-3 Frankford Ave
General Information
- Standard status
- Active
- Size
- 11,384 SF
Building Details
- Year Built
- 1935
Listing agency
RE/MAX Preferred - Cherry Hill
(609) 352-5803
Listed by
ARAFAT FARHAT · License #RS352372
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 5:57PM Checked: Jul 22 at 5:57PM
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 RE/MAX Preferred - Cherry Hill
Investment Insights
Based on property information with market context.
This fully occupied mixed-use building contains 12 total units, including 10 residential apartments and two ground-floor retail storefronts. Apartment layouts include studio and 1-bedroom options, and the property provides separate residential and commercial income streams under the same roof.
The property is situated at 4501–03 Frankford Ave in Philadelphia and is positioned on a corner along an active commercial corridor. The retail storefronts benefit from high visibility along Frankford Avenue.
The offering is listed under CMX-2 zoning. Financial information provided includes approximately $12,200 in gross monthly income (about $146,400 annually) and real estate taxes of $7,348 per year, with an approximate NOI calculated based solely on the taxes provided.
The property is situated at 4501–03 Frankford Ave in Philadelphia and is positioned on a corner along an active commercial corridor. The retail storefronts benefit from high visibility along Frankford Avenue.
The offering is listed under CMX-2 zoning. Financial information provided includes approximately $12,200 in gross monthly income (about $146,400 annually) and real estate taxes of $7,348 per year, with an approximate NOI calculated based solely on the taxes provided.
Key Highlights
- 12‑unit mixed‑use building (Year built 1935) with 10 residential apartments and 2 ground‑floor retail storefronts
- Fully occupied with stable tenancy across residential and retail units, providing separate income streams
- Gross monthly income of approximately $12,200 ($146,400 annually) from residential and commercial rents
Local 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 | $265.0k | $23.28 |
| − Vacancy | −$19.6k | −$1.72 |
| EGI | $245.4k | $21.56 |
| − OpEx | −$110.4k | −$9.70 |
| NOI | $135.0k | $11.86 |
11,384 SF · lease $23.28/SF/yr · vacancy 7.40% · expense 45.00%
Alternative Uses
Best Use
Retail
$6.11M
$5.35M – $7.13M
NOI $427,816 @ 7.0% cap · market cap 28.52%
Second Best
Apartment 5plus
$1.93M
$1.69M – $2.25M
NOI $134,974 @ 7.0% cap · market cap 9.00%
Theoretical Best
Specialty Retail
$6.55M
$5.73M – $7.64M
NOI $458,374 @ 7.0% cap · market cap 30.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Leandro's Pizza House
Restaurant
Fatima's Professional Hair ...
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully occupied 12-unit mixed-use property with ground-floor retail storefronts and residential apartments.
Where is this apartment building located?
The property is located at 4501 4501-3 Frankford Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 12‑unit mixed‑use building (Year built 1935) with 10 residential apartments and 2 ground‑floor retail storefronts; Fully occupied with stable tenancy across residential and retail units, providing separate income streams; Gross monthly income of approximately $12,200 ($146,400 annually) from residential and commercial rents
