Back to Search
4501-3 Frankford Ave
For Sale $1,500,000
$1,500,000
- Units
- Unknown Sq Ft
- 4,942 Sq Ft
- Unknown Cap Rate
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%
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,500,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1935 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 232487300 |
| MLS # | PAPH2565998 |
| Property ID | 294733210 |
| Lot Sqft | 4,942 |
| Zoning | CMX2 |
| Days on Market | 15 |
| Original List Price | Unknown |
| Date Updated | December 09, 2025 |
| Date Created | December 08, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
ARAFAT FARHAT an agent of . Lic #RS352372
© 2025 Copyright BRIGHT, All Rights Reserved
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors.
Information Deemed Reliable But Not Guaranteed
Data last updated: December 23, 2025.
Contact Agent
Schedule Appointment
Showing Agent
Loading agent...
- 30 mins
- America/Phoenix
Sun
Mon
Tue
Wed
Thu
Fri
Sat
Robert Crawford
REAL ESTATE AGENT