#PAPH2452298, Suqing Fan, Listing Office: Triamond Realty
2301 Frankford Ave Philadelphia, PA 19125
Property details
About 2301 Frankford Ave
$1M price reduction: "The Fishtown Portfolio" presents a rare investment opportunity to acquire three (3) best-in-class boutique mixed-used properties at a substantial discount to replacement cost in the most vibrant location in Philadelphia, Pennsylvania — FISHTOWN. Each building features an instantly recognizable address (Frankford Avenue and Girard Avenue) which insulate the properties and elevate the rentability factor for new ownership. 2301 Frankford = 6 apts + commercial. Signed lease for ground floor commercial (bar concept) — all apartments leased. 2001 Frankford = 8 apts + 2x commercial. Vacant ground floor commercial (to be built out once tenant's procured) — apartments in punchlist/lease up phase. 240 E Girard = 9 apts + 2x commercial. White box commercial space — apartments in lease up. These assets benefit from destination ground floor retail/commercial spaces with unrivaled street presence/exposure. Fishtown is known for its world-class culinary environment, in addition to its thriving retail, commercial and residential landscape swelling with positive demand. 28 total units are included within The Portfolio. 8.4% pro forma cap rate. 10 year tax abatement. Seize the rare opportunity to acquire trophy addresses in Philly's hottest submarket. ***PORTFOLIO SALE; 3 BUILDINGS ON OFFER (2301 FRANKFORD, 2001 FRANKFORD, 240 E GIRARD). USE SELLER'S PREFERRED TITLE COMPANY TO ENSURE SMOOTH SETTLEMENT PROCESS. TAXES, SF, FINANCIALS TO BE INDEPENDENTLY VERIFIED IN DUE DILIGENCE.
Highlights
(ACTIVE)
Summary
- MLS Number: PAPH2421764
- MLS Name: BRIGHT
- Office Name: Keller Williams Liberty Place
- Office Phone: (609) 399-5454
- Office Email: klrw903@kw.com
- Listing Agent: Ryan J McManus
- Agent Phone: (610) 606-1095
- Agent Email: ryan@agentphl.com
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Last updated on: 3/14/2025, 3:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,582,000
2301 Frankford Ave
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Jul 12, 2017 | Home Sold | $450,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $312,200 | $4,370 |
2022 | $312,200 | $4,163 |
2021 | $- | $4,163 |
2020 | $297,400 | $4,163 |
2019 | $294,500 | $4,122 |
2018 | $277,900 | $3,890 |
2017 | $230,000 | $3,219 |
History based on county public records data.
Nearby schools
7
Horatio B. Hackett School
Public District KG-5
0.1 mi
•2161 E York St
6
John Moffet Elementary School
Public District KG-5
0.6 mi
•127 W Oxford St
1
Isaac A. Sheppard Elementary School
Public District KG-4
0.9 mi
•120 W Cambria St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $49,364. Residents of Philadelphia, PA typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have high school diploma education.
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Frequently asked questions
About 2301 Frankford Ave
This home is located at 2301 Frankford Ave in Philadelphia, PA and zip code 19125 in the Bridesburg / Kensington / Richmond neighborhood. This 5,600 square foot home, which was built in 2024, sits on a 0.06 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $1,582,000.
Philadelphia, PA housing market in February 2025 saw over 154 listings sold above listed price, more than 166 sold at listed price and over 396 sold below. In February 2025 in Philadelphia, PA there were 10.7% more homes for sale than in January. The median list price of listings available in February 2025 was $268,469, while the average time on the real estate market was 59 days.