Investor opportunity in the heart of Frankford. This fully leased triplex delivers strong in-place cash flow with an estimated 8.85% cap rate, making it a solid addition to an income-focused portfolio. The property features two 1-bedroom/1-bath units and one studio, all currently occupied with leases in place. Current rents are as follows: Unit #1 rents for $1,050/month with a lease through 12/11/26; Unit #2F rents for $775/month with a lease through 1/31/27; and Unit #2R is a studio renting for $650/month with a lease through 1/31/27. Long-term leases provide stable cash flow with limited near-term turnover. Located just steps from Jefferson Frankford Hospital and the Market-Frankford Line, the property benefits from consistent rental demand and excellent accessibility to public transportation, shopping, dining, and neighborhood amenities. A turnkey, income-producing asset in a well-connected Philadelphia location.
Sold for $240,000
Zillow last checked:
Listing updated:
Bought with:
Kimberly Cassidy, RS287243
KW Empower
Source: Bright MLS,MLS#: PAPH2581706
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Sold | $240,000-4%$179/sqft |
Source:  Bright MLS #PAPH2581706 Report a problem | ||
| 5/6/2026 | Contingent | $249,900$186/sqft |
Source: Bright MLS #PAPH2581706 Report a problem | ||
| 4/22/2026 | Price change | $249,9000%$186/sqft |
Source: Bright MLS #PAPH2581706 Report a problem | ||
| 2/10/2026 | Listed for sale | $250,000+100.2%$186/sqft |
Source: Bright MLS #PAPH2581706 Report a problem | ||
| 3/23/2022 | Sold | $124,900+101.5%$93/sqft |
Source: Public Record Report a problem | ||
| 1/25/2016 | Sold | $62,000$46/sqft |
Source: Public Record Report a problem | ||
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