2223 FRANKFORD AVE Philadelphia, PA 19125
1,312 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Fishtown
MLS Listing ID PAPH2641922
Year Built 1919
Available Date 2026-07-03
Annual Tax Amount $2,704
Tax Year 2023
Lot Size 1,312 Sqft
Acres 0.03
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
The second-floor apartment offers 2 bedrooms and 1 full bath, while the third floor features a 1 bedroom, 1 bath unit. The property is zoned CMX-2 and has been well maintained with numerous updates throughout.
Recent improvements include a newer roof, exterior paint, brick pointing, concrete front steps, windows throughout, carpeting, front entry door, and a new brewery entrance. The third-floor apartment features a newer kitchen, washer and dryer, updated lighting, bathroom vanity, fresh paint, and carpeting. The second-floor apartment has also been updated with fresh paint, a newer kitchen countertop, bathroom vanity, and lighting fixtures.
The brewery has completed significant plumbing and electrical upgrades along with attractive cosmetic improvements, creating a modern industrial feel with exposed brick throughout the commercial space. The basement has also seen plumbing and electrical improvements along with a new Bilco door.
One of the added bonuses is the low annual real estate taxes of just $3,230. The property is also part of the Fishtown Kensington Area Business Improvement District (FKABID), which helps maintain the neighborhood through enhanced safety, cleanliness, and ongoing business district improvements.
Location is everything, and this property delivers. Walk to the Girard or Berks Market-Frankford Line stations and be in Center City in just two stops.
Surrounded by new development, Federal Opportunity Zones, and continued neighborhood growth, this is an outstanding opportunity for investors looking to add a stabilized, income-producing asset in one of Philadelphia's most desirable neighborhoods.
Current Gross Annual Income: $56,856
Location
State PA
County Philadelphia
Area 19125 (19125)
Zoning CMX-2
Interior
Hot Water Natural Gas
Heating Baseboard - Electric, Forced Air
Cooling Central A/C
Inclusions All existing appliances in apartments
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Kensington
School District Philadelphia City
Others
Tax ID 871541120
Ownership Fee Simple
Special Listing Condition Standard
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Owner | License ID: 0225072428