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Sold for $728,000
  • $728,000

    2478 Frankford Ave, Philadelphia, PA 19125

    7beds
    --baths
    2,691sqft
    Triplex
    Built in 2014
    -- sqft lot
    $-- Zestimate®
    $271/sqft
    $2,392 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,392/mo

    Zestimate® history
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    What's special

    Modern finishes
    JBMP Group is pleased to extend to qualified investors the opportunity to acquire 2478 Frankford Ave, a 3 unit value-add development located in the heart of Fishtown, Philadelphia. The Property presents the unique opportunity to acquire a well located, cash flowing investment with significant upside potential located in the highly sought after 19125 zip code. The Property is perfectly positioned in the market as a convenient and affordable option for graduate students and young professional renters as rates in 19125 continue to increase dramatically year-over-year. The new owner will have the opportunity to complete cosmetic updates on the units with minor layout changes to increase the rent roll to market rates. The unit mix consists of two (2) two bedroom units, and one (1) three bedroom units. Each unit in the proposed renovation plan would remove a bedroom and bathroom, bringing the layouts up to market expectations with an open-concept floorplan and modern finishes. 3D tours in media section; OM available by request. 24 hour notice for showings.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jonathan Beaulieu 215-967-2668,

    JBMP Group

    Bought with:

    Pete DeWitt, RS355176

    Keller Williams Philadelphia

    Source: Bright MLS,MLS#: PAPH2235418MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    Basement
    • Area: 0
    Heating
    • Other, Natural Gas
    Cooling
    • Central Air, Other
    Appliances
    • Included: Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 2,691
    • Total interior livable area: 2,691 sqft

    Property

    Parking
    • Parking features: None
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 1,377 Square Feet
    • Dimensions: 19.00 x 64.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 311155300
    • Zoning: CMX2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Triplex
    Materials
    • Masonry
    Condition
    • New construction: No
    • Year built: 2014

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Philadelphia
    • Municipality: PHILADELPHIA

    Financial & listing details

    • Price per square foot: $271/sqft
    • Tax assessed value: $165,000
    • Annual tax amount: $2,309
    • Date on market: 5/15/2023
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    8/10/2023Sold$728,000-2.9%$271/sqft
    Source: Bright MLS #PAPH2235418 Report a problem
    6/13/2023Pending sale$750,000$279/sqft
    Source: Bright MLS #PAPH2235418 Report a problem
    5/15/2023Listed for sale$750,000+6718.2%$279/sqft
    Source: Bright MLS #PAPH2235418 Report a problem
    10/4/2000Sold$11,000$4/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,289 -10.9%$735,000 -10.9%
    2024$11,548 +400%$825,000
    2023$2,310 +32.5%$825,000
    2022$1,743 --
    2021$1,743 -76%--
    2018$7,276 +349.8%--
    2017$1,617 +43.1%--
    2016$1,130 --
    2015$1,130 --
    2014$1,130 $14,400 +800%
    2012-- $1,600
    2011-- $1,600
    2010-- $1,600
    2009-- $1,600
    2008-- $1,600
    2007-- $1,600
    2006-- $1,600
    2005-- $1,600
    2004-- $1,600
    2003-- $1,600
    2002-- $1,600 -66.7%
    2000-- $4,800
    1999-- $4,800
    Find assessor info on the county website

    Neighborhood: East Kensington

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: The School District Of Philadelphia

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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