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Property profile & analytics
FOR SALE
Apartment buildings
3204 Frankford Ave Philadelphia, PA 19134
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0015437
For Sale
1 / 35
$250,000
3204 Frankford Ave, Philadelphia, PA 19134
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1940
Construction
FRAME
Total area
3,128 SF
Lot
0.32 ac (13,939 SF)
APN
30-010-017
UPID
US73-0015437
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
$530k
CAP Approach
CAP
$385k
Comparable Approach
Comparable
$448k
Blend (final)
Blend
$515k
Owner & transaction history
City Line Real Estate LLC · 4 yrs held
City Line Real Estate LLC
since 2022
Last sale
$710,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$520,000
+79.1%
Auto repair, garage
$510,000
+75.8%
Retail stores
$455,000
+57.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Philadelphia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Philadelphia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$530,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$415,000
6.5%
$385,000
7%
$355,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$520,000
Change: +79% · Conversion: Moderate
AUTO REPAIR, GARAGE
$510,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$455,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $710k (Feb 10 2026)
Last sale anchor
$710k
Feb 10 2026
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$165 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,075
Tax year 2023
Assessed value
$187,600
Assessed 2024
Previous assessed
$187,600
+0.0% YoY
Effective rate
5.37%
On assessed value
Assessed land
$35,500
Assessed improvement
$152,100
Land market value
$35,500
Improvement market value
$152,100
Total market value
$187,600
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1940
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
3,128 SF
Lot
0.32 ac (13,939 SF)
APN
30-010-017
UPID
US73-0015437
Jurisdiction
DAUPHIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$510,000
RETAIL STORES
Est. value
$455,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
0.32 ac
Current owner
From public records · entity-resolved
City Line Real Estate LLC
Entity
Mailing address
PO BOX 149, BAUSMAN, PA 17504-0149
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2022
$350,000
City Line Real Estate LLC
C&k Rental Properties LLC
Deed
$200,000 · C&k Rental Properties LLC
Apr 4, 2017
$220,000
C & K Rental Properties LLC
Path To Property LLC
Grant Deed
related
—
Sep 20, 2016
$110,000
C & K Rental Properties LLC
The Path To Property LLC
Deed
$176,000 · S & T Bank
May 16, 2007
$215,000
Path To Property LLC
Delong,robert W
Grant Deed
$182,750 · Manufacturers Traders & Trust
Jun 9, 2005
—
Robert W Delong
Delong,robert W & Nancy G
Quit Claim Deed
related
—
—
—
Path To Property LLC
—
Deed Of Trust
related
$288,000 · Members First FCU
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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