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27899937
27899946

2414 Frankford Ave, Philadelphia, PA 19125

AP
PA Pennsylvania RS316262, NJ NJ 2190813
The Oceanside Realty Team
Listed by The Oceanside Realty Team
$2,299,000
218 days on market
Updated 28 days ago
Opportunity zone

FRANKFORD AVENUE FISHTOWN MULTIFAMILY

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,900
Units 7
Cap Rate 6.13%
Occupancy 100%
Price per SqFt $390
Class A
Year Built 2022
Buildings 1
Stories 3
Lot Size (SqFt) 2,740
Investment Type Stabilized
Ground Lease Yes

Multifamily | 7 Units | $328,429/unit

Marketing description

Introducing 2414 Frankford Avenue — a turnkey 7-unit investment property, prominently located with 29' feet of prime frontage on one of Philly's most recognizable streets — Frankford Avenue Fishtown. This fully-leased boutique apartment property features six (6) apartments over ground floor commercial space. The ±5900 SF, 3-storey building is comprised of two (2) bi-level 2bd x 2ba units and four (4) 1bd x 1ba units atop 796 SF of prime commercial space, leased to Philadelphia Barber Co. Designed by Canno, the curb appeal emanates along the Frankford Ave corridor — surrounded by some of the city's best restaurants, retailers, cafes and bars. Factory styled oversized windows emit an overflow of natural light in the apartments coupled with slick kitchens and baths, European-inspired finishes, high ceilings, and laundry and storage for convenience. Purchase this irreplaceable multifamily building in a Top-10 USA MSA — the #1 destination to visit in 2026 — where extremely high barriers-to-entry exist. 2414 Frankford boasts a completely walkable setting in Fishtown proper, with an abundance of amenities and conveniences available within a short stroll, such as: The Market-Frankford El train, Shake Shack, La Colombe, Kalaya, Forin, Suraya, LMNO, Goldie, City Fitness, Front Street Cafe, Middle Child Clubhouse, Laser Wolf, Wm. Mulherin's Sons, Pizzeria Beddia, Palmer Park, and more. Fishtown has become a locally-prized destination for top chefs, retailers and creators — and tenants alike. There is no shortage of residential demand in this coveted submarket. There are limited opportunities to invest in high-quality real estate in Fishtown due to its scarcity. High-growth rental submarket. 10yr tax abatement. Minimal OPEX. Enquire within for financials.

Investment highlights

  • HIGH DEMAND REAL ESTATE

  • NEWLY CONSTRUCTED MULTIFAMILY

  • TURNKEY APARTMENT BUILDING

  • 29’ FRANKFORD AVENUE FISHTOWN FRONTAGE

  • 10YR TAX ABATEMENT

  • AMENITY RICH SUBMARKET

Listing Contacts

AP
PA Pennsylvania RS316262, NJ NJ 2190813
The Oceanside Realty Team
Listed by The Oceanside Realty Team

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Additional Information

Name
Agent PHL
License
Pennsylvania RS316262
Brokerage Phone
6106061095
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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