Andrea L Mackin, Listing Office: Dolan Family Real Estate
$4,952
closing credit¹
3112 Frankford Ave Philadelphia, PA 19134
Property details
About 3112 Frankford Ave
Welcome to 3112 Frankford Ave, a fantastic investment opportunity in one of Philadelphia’s rapidly developing neighborhoods! This well-maintained, legally zoned 5-unit building offers a mix of 3 two-bedroom units and 2 one-bedroom unit, with a total projected rental income of $51,960 annually. Currently, 3 of the 5 units are occupied by reliable, paying tenants, providing immediate cash flow for a savvy investor or owner-occupant. Each unit has separate gas and electric meters, with the landlord covering the heating and water costs. Recent updates include newer refrigerators and stoves, a newer heating system, along with a certified fire alarm system for added safety. The property boasts a solid structure and a high basement ceiling, adding value and potential for future enhancements. All essential infrastructure, such as gas and electric meters and fire alarms, are in good condition, ensuring peace of mind for any buyer. This rare twin multi-family building is located near the vibrant Port Richmond and Fishtown neighborhoods, known for their dining, shopping, and cultural attractions. The property is also conveniently close to public transportation, I-95, and other local amenities. With a strong potential for appreciation and rental income in a changing area, this property is a rare find. Please note: the property is being sold in AS-IS condition, and a 48-hour notice is required for showings.
Highlights
(ACTIVE)
Summary
- MLS Number: PAPH2416312
- MLS Name: BRIGHT
- Office Name: Realty Mark Associates
- Office Phone: (215) 376-4444
- Office Email: bill@billmulhern.com
- Listing Agent: Bei Ou
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Last updated on: 1/22/2025, 11:55:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$417,000
3112 Frankford Ave
$4,952
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Jul 01, 2014 | Home Sold | $205,000 |
Aug 10, 2005 | Home Sold | $102,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2020 | $0 | $3,211 |
2019 | $228,900 | $3,204 |
2018 | $209,900 | $2,938 |
2017 | $195,000 | $2,729 |
History based on county public records data.
Nearby schools
3
Frances E. Willard School
Public District KG-4
0.2 mi
•2900 Emerald St
4
John H. Webster Elementary School
Public District KG-5
0.5 mi
•3400 Frankford Ave
2
Philip H. Sheridan Elementary School
Public District KG-4
0.5 mi
•800 E Ontario 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 $21,568. The majority of Philadelphia, PA residents have income less than $<35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
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Frequently asked questions
About 3112 Frankford Ave
This home is located at 3112 Frankford Ave in Philadelphia, PA and zip code 19134 in the Bridesburg / Kensington / Richmond neighborhood. This 2,730 square foot home, which was built in 1910, sits on a 0.04 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since November 6, 2024 and is currently priced at $417,000.
Philadelphia, PA housing market in December 2024 saw over 218 listings sold above listed price, more than 229 sold at listed price and over 580 sold below. The number of listings in Philadelphia, PA decreased by 2.3% between November and December 2024. The median list price of listings available in December 2024 was $267,873, while the average time on the real estate market was 49 days.