2301 Frankford Ave - Apartments FOR SALE


Philadelphia, PA 19125- Fishtown
$1,700,000 USD
215-454-2879
2301 Frankford Ave, Philadelphia, PA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/62
null | 7.5% Cap Rate

2301 Frankford Ave
Philadelphia, PA 19125
Fishtown


HIGHLIGHTS

  • Boutique Luxury Apartment Living: High-End Finishes at an Affordable Price Point
  • In The Middle of it Al:l Prime Location in the Heart of Fishtown
  • New Construction Property: Little to No Deferred Maintenance; Turnkey Operation
  • Proximity to Award-Winning Restaurants: Highly Rated Restaurants, Cafes, and Night Life Steps from the Front Door
  • Access to Public Transportation: Short Walk to the Train Stations (Dauphin Street & Girard Avenue) and Numerous Bus Routes

OVERVIEW

2301 Frankford Avenue is a mixed-use asset in the heart of Fishtown, Philadelphia. The Property totals six apartment units alongside 1,398 square feet of ground-floor commercial space. The residential mix includes three 1-bedroom/1-bath units, two 1-bedroom/1.5-bath units, and one 2-bedroom/2-bath unit — each finished to a high standard with stainless steel appliances, stone countertops, LVT flooring, subway tile backsplashes, and white shaker-style cabinetry. Units are further equipped with central HVAC, in-unit washer/dryer, and oversized windows that bring in abundant natural light. The 1,398-square-foot commercial space is leased by Cormorant Corner Bar, a popular neighborhood spot known for its craft beer and cocktail offerings that draw both residents and young professionals. Tenants at 2301 Frankford Avenue are situated at the center of it all, along Frankford Avenue's thriving retail corridor. The Property sits just a short walk from some of the city's most celebrated restaurants and cafes, including WM Mulherin's Sons, LMNO, Suraya, Kalaya, La Colombe, and Pizzeria Beddia. The Property also benefits from excellent transit access, located minutes from I-76, I-676, and I-95, offering seamless connectivity throughout the Philadelphia MSA. SEPTA's Girard Avenue and Dauphin Street stations are both within walking distance, providing direct access to Center City and the surrounding suburbs via the Market-Frankford Line. At 2301 Frankford Avenue, tenants enjoy everything Fishtown has to offer — without sacrificing comfort, quality finishes, or connectivity to the greater Philadelphia region.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

7

PRICE/UNIT

$242,857

CAP RATE

7.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1875

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

CMX2

APN/PARCEL ID

871541130

ASK ABOUT THIS PROPERTY

215-454-2879

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215-454-2879

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