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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%
| DAYS ON MARKET | 0 | 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
TOTAL MONTHLY PAYMENT
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