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    2001 Frankford Ave Philadelphia, PA 19125

    For Sale
    $3,350,000

    10 Units, Brand New, High ROI

    Property size:
    9,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    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 Features for 2001 Frankford Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    9,120 SF
    Class
    A

    Building Details

    Year Built
    2024
    Stories
    3
    Units
    10

    HighLights

    • Class A, 3‑story multifamily building at 2001 Frankford Avenue, Philadelphia, PA.
    • Boutique multifamily property with 10 units.
    • Brand new construction (2024) with 10‑year tax abatement.
    • Located in the desirable Fishtown neighborhood.
    • Prime location in a Top 10 US MSA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1302854
    Latitude
    39.9785947

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    FAQs

    What type of property is this?
    Multifamily property - 10 Units, Brand New, High ROI
    Where is this multifamily property located?
    The property is located at 2001 Frankford Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $3,350,000.
    What are key features of this property?
    This property features: Class A, 3-story multifamily building at 2001 Frankford Avenue, Philadelphia, PA.; Boutique multifamily property with 10 units.; Brand new construction (2024) with 10-year tax abatement.
    Request Owner's contact information
    2001 Frankford Ave Philadelphia, PA 19125
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    Philadelphia, PA 19125
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2001 Frankford Ave Philadelphia, PA 19125
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