Investments Sales Management

4501-3 FRANKFORD AVENUE

PHILADELPHIA , PA 19124

MLS#: PAPH2565998

$1,500,000

Status: Active
Listing number: PAPH2565998
Listing provided by: RE/MAX Preferred - Cherry Hill
Listing agent phone: None
Last update: 3 days ago
On site: 5 days ago
Browse Properties
FRANKFORD - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1935

Sq.Footage

N/A

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%

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Other

  • Heating YN

    YES

  • Heating

    Electric, Natural Gas, Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.11

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,500,000

  • Tax Amount

    7348.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Public Sewer

  • Water Source

    Public

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Listing Courtesy of ARAFAT FARHAT , RE/MAX Preferred - Cherry Hill

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Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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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%

4501-3 FRANKFORD AVENUE

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