2222 Frankford Avenue
Philadelphia, PA, 19125 $ 14,000,000
Bedrooms-- Baths-- Sq 42,841 Monthly Estimate*
$ 88,397
for $14,000,000. This 42,841 square foot building was built in 2023.
This Fishtown / Northern Liberties Multifamily Portfolio presents a rare opportunity to acquire an 12-property, 50-unit multifamily and mixed-use portfolio located throughout some of Philadelphias most desirable urban neighborhoods, including Fishtown, Northern Liberties, Olde Kensington, Fairmount and South Philadelphia. The portfolio consists of 45 residential apartment units and 5 commercial spaces strategically positioned within highly sought-after locations that continue to experience strong population growth, new development activity, and increasing rental demand. The portfolio generates a projected net operating income of approximately $940,964, representing an attractive overall capitalization rate of approximately 6.72%. The properties feature a combination of newer construction and extensively renovated assets offering modern floor plans, luxury finishes, and strong tenant appeal. Many units feature quartz countertops, stainless steel appliances, contemporary cabinetry, designer bathrooms, and open- concept living spaces. Many of the properties offer in-place tax abatements. Investors benefit from immediate scale, diversified income streams, and strong in-place cash flow while maintaining long-term upside through rent growth, operational efficiencies, and continued neighborhood appreciation. Taxes and square footage is the responsibility of the buyer to verify independently. 2222 Frankford (Tax ID: 871000320 / Owner: 2222 Frankford LLC), 1503-07 N Front (Tax ID: 881000795 / Owner: 1503 Front LLC), 2162 Norris (Tax ID: 881068744 / Owner: Norris Partners LLC), 2005 E Susquehanna (Tax ID: Unit 1 - 888000387, Unit 2 - 888000388, Unit 3 - 888000389, Unit 4 - 888001325 / Owner: 2005 E Susquehanna LLC), 1309 N Randolph Street (Tax ID: 182281800 / Owner: Philly Restoration LLC), 300 Jefferson Street (Tax ID: 182175605 / Owner: 300 Jefferson Street Partners LLC), 758 N Uber Street (Tax ID: 151066400 / Owner: Philly Restoration LLC), 1201 N Taylor Street (Tax ID: 291320500 / Owner: Philly Restoration LLC), 1735 Federal Street (Tax ID: 365293901 / Owner: South Philly Rental Group), 1068 N Front Street (Tax ID: 871000213 / Owner: 1070 Front LLC), 1070 N Front Street (Tax ID: 871000333 / Owner: 1070 Front LLC), 1072 N Front Street (Tax ID: 057023000 / / Owner: 1070 Front LLC).
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FeaturesInteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
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GeneralSewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning N/A
Construction Materials Masonry
Year Built 2023
Property Subtype Five Or More Units
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Apartment Building
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Contact Listing Agent
City PHILADELPHIA
MLS Area 19125 (19125)
Lot Size Units Square Feet
Lot Size Square Feet 0.00
Tax Annual Amount 1.0
Price Per Sq Ft Total AG 7000.0
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
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ExteriorWater Source Public
Type of Parking None
Water View Y/N N
Building Area Total 2000.00
Lot Size Acres 0.00
Lot Size Source Estimated
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList Byjimsells@mccannteam.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $88,397
- Monthly Property Taxes
- $0
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Philadelphia, PA
Average List Price $1,142,584
Percent of Sale Price 92%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/16/2026 | $14,000,000 | | Listed Price |