4501-3 FRANKFORD AVE Philadelphia, PA 19124
4,942 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Frankford
MLS Listing ID PAPH2565998
Year Built 1935
Annual Tax Amount $7,348
Tax Year 2025
Lot Size 4,942 Sqft
Acres 0.11
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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
State PA
County Philadelphia
Area 19124 (19124)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Other
Cooling Other
Heat Source Natural Gas, Electric
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 232487300
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, Negotiable, Seller Financing
Listing Terms Cash, Conventional, FHA, Negotiable, Seller Financing
Financing Cash,Conventional,FHA,Negotiable,Seller Financing
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
- 7
Franklin Towne Charter Elementary School
Public | KG - 8
- 5
Eugenio Maria de Hostos Charter School
Public | KG - 8
- 5
Conwell Russell Middle School
Public | 5 - 8
- 5
Ad Prima Charter School
Public | KG - 8
- 5
Northwood Academy Charter School
Public | KG - 8
- 5
Maritime Academy Charter School
Public | 4 - 12
- 5
Mayfair Elementary School
Public | KG - 8
- 5
Planet Abacus Charter School
Public | KG - 8
- 4
Antonia Pantoja Community Charter School
Public | KG - 8
- 4
Adaire Alexander School
Public | KG - 8
- 4
Thomas K. Finletter Academics Plus School
Public | KG - 8
- 4
Grover Washington, Jr. Middle School
Public | 5 - 8
- 4
Juniata Park Academy
Public | KG - 8
- 4
Community Academy of Philadelphia Charter School
Public | KG - 12
- 4
Universal Creighton Charter School
Public | KG - 8
- 4
Sankofa Freedom Academy Charter School
Public | KG - 12
- 4
Mastery Charter School - Smedley Elementary
Public | KG - 6
- 4
Bridesburg Elementary School
Public | KG - 6
- 4
Rhawnhurst Elementary School
Public | KG - 5
- 3
Horatio B. Hackett School
Public | KG - 5
- 4
Amy at Martin
Public | 6 - 8
- 4
Woodrow Wilson Middle School
Public | 6 - 8
- 3
Mariana Bracetti Academy Charter School
Public | 6 - 12
- 2
The Promise Academy at Roberto Clemente Middle School
Public | 6 - 8
- 2
Austin Meehan Middle School
Public | 6 - 8
- 1
Penn Treaty
Public | 6 - 12
- 1
Feltonville School of Arts and Sciences
Public | 6 - 8
- 1
Warren G. Harding Middle School
Public | 6 - 8
- 0
Truebright Science Academy Charter School
Public | 7 - 12
- 9
Franklin Towne Chs
Public | 9 - 12
- 2
Northeast High School
Public | 9 - 12
- 1
Edison / Fareira High School
Public | 9 - 12
- 1
Kensington Health Sciences Academy
Public | 9 - 12
- 1
Kensington International Business High School
Public | 9 - 12
- 1
Kensington Urban Education
Public | 9 - 12
- 1
Aspira Olney Charter High School
Public | 9 - 12
- 1
Mastbaum Jules E Avts
Public | 9 - 12
- 1
Samuel Fels High School
Public | 9 - 12
- 1
Frankford High School
Public | 9 - 12
- 1
Abraham Lincoln High School
Public | 9 - 12
- 0
International Christian High School
Private | 9 - 12
- 0
The Bridge School
Private | 9 - 12