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Property profile & analytics
FOR LEASE
Apartment buildings

2001 Frankford Ave Philadelphia, PA 19125

5,407 SF 0.14 ac lot Built 1915
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US73-5077999
Property summary
AI-generated overview

This exceptional Class A, 3-story apartment building at 2001 Frankford Avenue in Philadelphia, PA, presents a compelling investment opportunity. Boasting 9,120 square feet, the property features 10 units, each commanding $335,000, for a total asking price of $3,350,000. Built in 2024, this new construction benefits from a 10-year tax abatement and a prime location in the highly desirable Fishtown neighborhood, known for its vibrant culinary, retail, and residential scenes. The building is part of a larger portfolio, offering significant potential for growth. The property includes two commercial spaces on the ground floor, providing additional income streams. With a CMX2 zoning permit, the building offers flexibility and future development potential. The building's location on Frankford Avenue ensures high visibility and accessibility. The property's strong financials, including a projected 7.32% cap rate, make it an attractive investment for discerning buyers. Detailed financial information is available upon request. This is a rare chance to acquire a brand-new, high-quality multifamily asset in one of Philadelphia's most sought-after neighborhoods. Don't miss this opportunity to own a piece of Fishtown's thriving real estate market.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1915
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,407 SF
Lot 0.14 ac (6,169 SF)
Zoning code CMX2
APN 88-1-0687-53
UPID US73-5077999
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.31M
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$1.21M
Owner & transaction history
200103 FRANKFORD LLC
200103 FRANKFORD LLC
Zoning & alternative use
CMX2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CMX-2 Neighborhood Commercial Mixed-Use-2 C-2 RC-1 RC-2 OC CMX-2.5 Neighborhood Commercial Mixed-Use-2.5 Various special district controls CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C…

Zone name Neighborhood Commercial Mixed Use
General category MIXED_USE
Zone area 1,472.20 ac
Source TITLE 14. ZONING AND PLANNING
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