4501 3 Frankford Ave
$1,500,000
4501 3 Frankford Ave, Philadelphia, PA 19124
11,384 sqft
Building Size
1935
Year Built
Details:
Highlights:
- Days on Market: 4
- Heating: Other
Description:
4501-03 Frankford Ave, Philadelphia, PA 19124 — 12-Unit Mixed-Use Investment Property
Asking Price: $1,500,000
Prime investment opportunity in the heart of Frankford! This 12-unit, CMX-2 zoned mixed-use building consists of 10 residential apartments and 2 ground-floor retail storefronts, generating a strong combined rental income of approximately $12,200 per month.
This stabilized, income-producing asset offers reliable cash flow in a rapidly developing commercial corridor. Both retail spaces benefit from excellent visibility and foot traffic, while the residential units remain in steady demand.
Property Highlights
Address: 4501-03 Frankford Ave, Philadelphia, PA 19124
Asking Price: $1,500,000
Zoning: CMX-2
Total Units: 12 (10 apartments + 2 retail storefronts)
Monthly Income: ≈ $12,200
Annual Gross Income: ≈ $146,400
Real Estate Taxes: $7,348/year
Unit Mix: Variety of studio and 1-bedroom units (confirm as needed)
Occupancy: Fully occupied with stable tenants
Retail Tenants: Established businesses on active leases
Buyer responsible for conducting their own due diligence
Property being sold strictly in as-is condition
Seller makes no warranties regarding zoning, condition, or permitted uses
Proof of funds or pre-approval required with all offers
Do Not Disturb Tenants — Showings require advance notice
Financial Snapshot
Gross Annual Income: $146,400
Taxes: $7,348
Approx. Net Operating Income (NOI*): $139,052
*NOI based solely on taxes provided; additional expenses would modify this figure.
Cap Rate at $1,500,000
Cap Rate = NOI ÷ Purchase Price = 139,052 ÷ 1,500,000 ≈ 9.27%
→ Approx. Cap Rate: 9.3%
Location
Gallery
