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Executive Summary

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%

Attachments

FRANKFORD

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,017 SF
Building Class
C
Year Built
1935
Price
$2,086,935 CAD
Price Per SF
$208.34 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.04
Lot Size
0.11 AC
Zoning
C2
Frontage
40’ on Frankford Ave
Very walkable
80/100
Fairly drivable
50/100
Strong public transit
80/100
Fairly bikeable
40/100

Nearby Major Retailers

PNC Bank
Truist
Philly Pretzel Factory
Planet Fitness
Rent-A-Center
Tex's Chicken & Burgers

Property Taxes

Property Taxes

Parcel Number
881104340
Land Assessment
$216,244 CAD
Improvements Assessment
$504,570 CAD
Total Assessment
$720,814 CAD
  • Listing ID: 38774149

  • Date on Market: 2025-12-15

  • Last Updated:

  • Address: 4501-4503 Frankford Ave, Philadelphia, PA 19124

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