Mix-use building in a upcoming area! 8 residential units, 1 store front and 1 office. It is a prime value-add opportunity for investors seeking entry into Philadelphia’s growing multifamily and mixed-use market. Located along the rapidly evolving Frankford Avenue corridor, this property offers strong potential for conversion into a mixed-use asset with ground-floor commercial and residential units above (buyer to verify zoning and permitted uses). The existing structure provides a blank canvas for redevelopment, allowing investors to design an income-producing property tailored to current market demand. The surrounding area continues to see steady growth, with nearby development activity and increasing rental demand driving long-term appreciation. This location benefits from strong visibility, public transit access, and proximity to Fishtown, making it attractive to both residential tenants and small business operators. Ideal for investors looking to execute a value-add strategy, create long-term cash flow, or establish a foothold in an emerging submarket. Four units are rented, two more units are recently rehabbed and waiting for new tenants. Units are offering modern laminate flooring, fresh paint, separate kitchen with oak cabinets and plenty of storage.
Listed By
Agency Name: Anchor Realty Northeast
Agency Phone: 2153331116
Shown By
Agency Title: Duffy Real Estate, Inc.
Agency Phone: 610-667-6655
Estimated Payment
$ 2,893.76 per month $2,038.47 Principal & Interest $731.33 Property Tax $123.96 Homeowner's Insurance
3214 16 Frankford Avenue | MLS# PAPH2608548
This multi-family property located at 3214 16 Frankford Avenue, Philadelphia, PA 19134 is currently listed for sale with an asking price of $425,000. 16 Frankford Avenue is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.duffyrealestate.com today.