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4501-03 Frankford Ave, Philadelphia, PA 19124 12-Unit Mixed-Use Investment Opportunity | CMX-2 Zoning Asking Price: $1,500,000 Exceptional opportunity to acquire a fully occupied 12-unit mixed-use property in the heart of the rapidly developing Frankford commercial corridor. This income-producing asset consists of 10 residential apartments and 2 highly visible ground-floor retail storefronts, offering strong in-place cash flow with long-term upside potential. Positioned on a prominent corner along bustling Frankford Avenue, the property benefits from excellent visibility, consistent foot traffic, and strong rental demand for both residential and commercial spaces. Currently generating approximately $12,200 per month ($146,400 annually) in gross income, this stabilized asset is ideal for investors seeking dependable cash flow with future appreciation potential. Property Features 12 Total Units 10 Residential Apartments 2 Ground-Floor Commercial Storefronts CMX-2 Zoning Fully Occupied with Stable Tenancy Strong Existing Rental Income Prime Corner Location with High Visibility Retail Spaces Occupied by Established Businesses Mix of Studio and 1-Bedroom Apartments Separately Positioned Residential & Commercial Income Streams Located Along an Active Commercial Corridor with Ongoing Redevelopment Financial Overview Gross Monthly Income: Approximately $12,200 Gross Annual Income: Approximately $146,400 Real Estate Taxes: $7,348/year Approximate NOI*: $139,052 Approximate Cap Rate: 9.3% *NOI calculation based solely on taxes provided. Buyer to verify all operating expenses, income, leases, and financial information independently. Sale Terms & Showing Instructions Property is being sold strictly in as-is condition Seller makes no representations or warranties regarding condition, zoning, or permitted use Buyer responsible for conducting their own due diligence Proof of funds or pre-approval required with all offers Do Not Disturb Tenants Showings by appointment only with advance notice This is a rare opportunity to acquire a stabilized mixed-use asset with immediate income and long-term growth potential in one of Philadelphia's evolving investment corridors.
| DAYS ON MARKET | 211 | LAST UPDATED | 12/9/2025 |
|---|---|---|---|
| TRACT | FRANKFORD | YEAR BUILT | 1935 |
| COMMUNITY | 19124 (19124) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
| ADDITIONAL DETAILS | |
| AIR | Other |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | 19124 (19124) |
| CONSTRUCTION | Brick |
| HEAT | Electric, Natural Gas, Other |
| LOT | 4792 sq ft |
| LOT DESCRIPTION | Corner Lot |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | FRANKFORD |
| TAXES | 7348 |
| UTILITIES | Water Available, Sewer Available, Natural Gas Available, Electricity Available |
| WATER | Public |
MORTGAGE CALCULATOR
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