- – beds
- – baths
- 2,544 sqft
- 2,059 sqft lot
- $127 per sqft
- 1945 build
Turnkey Triplex in Rapidly Developing Frankford – Fully Renovated, Fully Occupied, Strong Cash Flow This legally zoned triplex presents an exceptional investment opportunity for buyers seeking a turnkey property with professional management, above-average cash flow, and long-term upside in a high-growth area. The building features a thoughtfully designed layout ideal for co-living. First & Second Floors: Each unit offers two bedrooms that share a full bath and one bedroom with a private en-suite, perfect for maximizing rental income while maintaining tenant privacy. Third Floor: Includes two bedrooms and one full bath. Extensively renovated by the current owner, the property underwent a major overhaul upon purchase and a comprehensive refresh in 2025. Updates include new flooring (LVP), fresh paint, granite counters, and other modern finishes that make the building feel brand new. Professional management—described by the owner as “outstanding”—has significantly improved both tenant quality and building upkeep. The property is fully occupied and well maintained. Located in Frankford, one of Philadelphia’s most promising up-and-coming neighborhoods, this property is surrounded by substantial public and private investment: A $21M mixed-use development featuring a grocery store and health center is just one block away. The Frankford Library recently completed a $5.5M renovation. The Frankford Transit Center is two blocks away, offering excellent connectivity. Jefferson Frankford Hospital is only three blocks from the property. Tenants appreciate the convenience of the Frankford corridor for daily needs, and investors will appreciate the long-term value proposition. Showings: To minimize disruption to tenants, showings will be limited to scheduled open-house-style events. Please refer to agent notes for details. The listing agent will be present to answer all questions. No individual showings will be permitted.
Last checked:
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Last updated Jun 21, 2025
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MLS# PAPH2496536 —
The Building
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Year Built:1945
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Year Built Source:Assessor
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Year Major Reno/Remodel:2025
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New Construction:No
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Construction Materials:Masonry
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Building Units Total:3
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Structure Type:End of Row/Townhouse
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Architectural Style:Other
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Accessibility Features:None
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Foundation Details:Other, Stone
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Basement:Yes
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Basement Type:Unfinished, Improved
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:2544
Interior
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Interior Features:Ceiling Fan(s), Upgraded Countertops
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:2544
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Living Area SqFt:2,544 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Settlement, Subject to Existing Lease
Location
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Directions:Frankford Ave. Near Pratt.
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Latitude:40.02100372
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Longitude:-75.07915497
The Property
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Property Type:Multi-Family
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Property Subtype:Triplex
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Property Condition:Excellent
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Lot Size Units:Square Feet
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Lot Size Acres:0.05
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Lot Size Source:Assessor
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Lot Size Dimensions:20.00 x 103.00
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Lot Dimensions Source:Assessor
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Lot SqFt:2,059 Sqft
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Exclusions:Tenants belongings
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Zoning Description:Legally Zoned Triplex
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Zoning:RSA3
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:H51
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 202-1141
- Office phone:
- (215) 604-1191
Taxes
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Tax ID Number:622036000
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Tax Year:2024
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Tax Lot:173
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Tax Annual Amount:$2,336
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Tax Assessed Value:$166,900
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Year Assessed:2025
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School Tax:1308.0
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City/Town Tax:1027.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Forced Air
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Appliances
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Appliances:Cooktop, Dryer, Refrigerator, Washer
Schools
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School District Name:Philadelphia City
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School District Source:Listing Agent
The Community
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Subdivision Name:Frankford
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Exterior Features:Sidewalks, Street Lights
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
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Units Furnished:All
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Single Room Units:8
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/21/25
Jun 21, 2025
|
Listed / Active | BRIGHT | $325,000 |