This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

1828 Frankford Ave

9 Unit Apartment Building $6,744,133 CAD ($749,348 CAD/Unit) 5.95% Cap Rate Philadelphia, PA 19125

Investment Highlights

  • Turnkey 6.0% Cap with 9 Luxury Apartments & a Triple-Net Retail Lease
  • Strong Tenant Appeal with Unique Architecture & High-End Finishes
  • Low Operating Costs due to New Construction & 10-Year Tax Abatement
  • Main-on-Main, High-Visibility Corner in a Rapidly Growing Submarket

Executive Summary

Select Commercial Advisors is pleased to present the opportunity to acquire a turnkey, fully-stabilized multifamily asset with a 10-year tax abatement in Fishtown, featuring 9 luxury residential units and 1 commercial space located on a prime, high-visibility corner of bustling Frankford Avenue. Acquire this high-quality, low-maintenance, new-construction property designed by Ambit Architecture and built by Grit Construction. Delivered 100% leased, the property offers both steady cash flow and strong future upside driven by the rapidly-developing Fishtown/Northern Liberties submarket. Ownership has secured an attractive triple-net commercial lease on a ten year term with Taylor Chip for the ~1,650 square foot ground floor retail space. As new construction deliveries in this submarket slow down over the next 1-2 years, demand is expected to outpace supply, driving further rental growth in this vibrant and rapidly appreciating neighborhood. This is a unique opportunity for investors to acquire a high-quality, income-producing asset and capitalize on a growing market with significant long-term upside.

Property Facts

Price $6,744,133 CAD
Price Per Unit $749,348 CAD
Sale Type Investment
Cap Rate 5.95%
No. Units 9
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid Rise
Building Class B
Lot Size 0.08 AC
Building Size 10,600 SF
Average Occupancy 100%
No. Stories 4
Year Built 2024
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Eat-in Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Stainless Steel Appliances
  • Tub/Shower
  • Views
  • Yard
  • Island Kitchen
  • Large Bedrooms

Site Amenities

  • Courtyard
  • Fenced Lot
  • On-Site Retail

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - 650
2+2 1 - 1,067
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code CMX2 (Multifamily Mixed-Use Commercial)
CMX2 (Multifamily Mixed-Use Commercial)
  • Listing ID: 34369639

  • Date on Market: 2025-01-04

  • Last Updated:

  • Address: 1828 Frankford Ave, Philadelphia, PA 19125

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}