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2301 Frankford Ave 7 Unit Apartment Building $1,700,000 ($242,857/Unit) 7.50% Cap Rate Philadelphia, PA 19125
Investment Highlights
- Boutique Luxury Apartment Living: High-End Finishes at an Affordable Price Point
- New Construction Property: Little to No Deferred Maintenance; Turnkey Operation
- Access to Public Transportation: Short Walk to the Train Stations (Dauphin Street & Girard Avenue) and Numerous Bus Routes
- In The Middle of it Al:l Prime Location in the Heart of Fishtown
- Proximity to Award-Winning Restaurants: Highly Rated Restaurants, Cafes, and Night Life Steps from the Front Door
Executive Summary
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.
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.
Property Facts
| Price | $1,700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $242,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.50% | Building Size | 8,500 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1875 |
| Zoning | CMX2 - Commercial Mixed Use | ||
| Price | $1,700,000 |
| Price Per Unit | $242,857 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 8,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1875 |
| Zoning | CMX2 - Commercial Mixed Use |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 700 - 720 |
| 1+1.5 | 2 | - | 750 |
| 2+2 | 1 | - | 850 |
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Exceptionally walkable
100/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 871541130 | Improvements Assessment | $227,840 |
| Land Assessment | $56,960 | Total Assessment | $284,800 |
Property Taxes
Parcel Number
871541130
Land Assessment
$56,960
Improvements Assessment
$227,840
Total Assessment
$284,800
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