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250 E Girard Ave 4 Unit Apartment Building $1,399,000 ($349,750/Unit) Philadelphia, PA 19125
Investment Highlights
- Long-term lease in place with an established Thai restaurant occupying the ground-floor retail space.
- Exceptional location along a high-traffic Girard Avenue corridor in the Fishtown neighborhood.
- Robust transit accessibility with subway, bus, and Regional Rail stations within three blocks.
- Three newly renovated apartments featuring upgraded kitchens, appliances, fixtures, and modern finishes.
- Two blocks from Frankford Avenue entertainment corridor and close to diverse dining, retail, and cultural destinations.
- Approved city air rights for vertical expansion and opportunity to increase residential density for additional investment upside.
Executive Summary
This mixed-use property in the heart of Fishtown presents a compelling investment opportunity, combining an income-generating retail component with upgraded residential units in one of Philadelphia’s most sought-after neighborhoods. The ground level features approximately 1,500 square feet of fully leased commercial space under a strong 10-year lease with a popular Thai restaurant, ensuring reliable cash flow.
Above the retail, three spacious and newly renovated residential units offer modern city living. The mix includes one three-bedroom unit and two two-bedroom units, all featuring contemporary upgrades such as new appliances, washers and dryers, HVAC systems, countertops, windows, faucets, fixtures, recessed lighting, and upgraded finishes throughout. Located along a highly trafficked corridor on Girard Avenue, this asset benefits from both heavy foot and automotive exposure, just two blocks from the dynamic Frankford Avenue entertainment district and within walking distance of multiple transit options including subway, bus lines, and Regional Rail at Frankford & Girard Avenue Station.
Significant upside potential enhances this offering, including city-approved air rights for additional build out, and the ability to convert the existing three-bedroom layout into two units. This property delivers both immediate income stability and long-term value creation within a thriving neighborhood known for strong rental demand and vibrant retail activity.
Above the retail, three spacious and newly renovated residential units offer modern city living. The mix includes one three-bedroom unit and two two-bedroom units, all featuring contemporary upgrades such as new appliances, washers and dryers, HVAC systems, countertops, windows, faucets, fixtures, recessed lighting, and upgraded finishes throughout. Located along a highly trafficked corridor on Girard Avenue, this asset benefits from both heavy foot and automotive exposure, just two blocks from the dynamic Frankford Avenue entertainment district and within walking distance of multiple transit options including subway, bus lines, and Regional Rail at Frankford & Girard Avenue Station.
Significant upside potential enhances this offering, including city-approved air rights for additional build out, and the ability to convert the existing three-bedroom layout into two units. This property delivers both immediate income stability and long-term value creation within a thriving neighborhood known for strong rental demand and vibrant retail activity.
Property Facts
| Price | $1,399,000 | Building Class | C |
| Price Per Unit | $349,750 | Lot Size | 0.02 AC |
| Sale Type | Investment | Building Size | 4,400 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | CMX2 - CMX-2 zoning is for neighborhood-serving retail and service uses. It allows for a mix of commercial and residential uses, with some requiring special | ||
| Price | $1,399,000 |
| Price Per Unit | $349,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.02 AC |
| Building Size | 4,400 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Opportunity Zone |
Yes |
| Zoning | CMX2 - CMX-2 zoning is for neighborhood-serving retail and service uses. It allows for a mix of commercial and residential uses, with some requiring special |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
Site Amenities
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 1,450 |
| 3+1 | 1 | - | 1,350 |
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Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 871600565 | Improvements Assessment | $158,880 |
| Land Assessment | $39,720 | Total Assessment | $198,600 |
Property Taxes
Parcel Number
871600565
Land Assessment
$39,720
Improvements Assessment
$158,880
Total Assessment
$198,600
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250 E Girard Ave