2831 Frankford Avenue
Philadelphia, PA, 19134 $ 450,000
Bedrooms5 Baths2.0 Sq 1,491 Monthly Estimate*
$ 2,771
for $450,000 with 5 bedrooms and 2 full baths. This 1,491 square foot home was built in 1915 on a lot size of 0.02.
Investor Opportunity 28292831 Frankford Ave, Philadelphia, PA Unique package opportunity along the Frankford Avenue corridor. This offering includes 2831 Frankford Ave, a 3-story detached single-family property with basement totaling approximately 1,924 sq ft, along with the adjacent vacant corner lot at 2829 Frankford Ave, creating multiple value-add possibilities for investors and developers. Located along Frankford Ave between E Somerset St and E Cambria St, the properties sit in a highly visible stretch of the corridor with continued residential and commercial activity. 2831 Frankford Ave comes with architectural plans already completed for a full interior renovation, reconfiguring the property into a large 5-bedroom single-family residence with an open living/dining layout, full kitchen, multiple bathrooms, and a finished basement featuring recreation space, kitchenette, and laundry. The plans also outline energy-efficient windows, updated framing, modernized mechanical layouts, and a new basement egress well, providing a clear framework for redevelopment and code compliance. 2829 Frankford Ave is a vacant CMX-3 zoned corner lot, offering frontage and development potential on both sides of 2831 Frankford Ave. The corner positioning provides excellent visibility and flexibility for new construction, mixed-use possibilities, or expansion of the neighboring property. With city utilities nearby (water, gas, sewer) and strong redevelopment activity throughout the surrounding area, the parcel offers flexibility for builders and long-term investors. Investment Potential This combined offering allows buyers to:
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FeaturesGeneralLiving Area 1491
Sewer Public Septic
Heating Central
Cooling Central A/C
Possession Immediate
Zoning CMX2
Architectural Style A-Frame
Construction Materials Masonry
School District PHILADELPHIA CITY
Year Built 1915
Levels 2
Tax Year 2025
Ownership Fee Simple
Cool Fuel Natural Gas
Municipality PHILADELPHIA
Accessibility 2+ Access Exits
County PHILADELPHIA
New Construction N
Property Type Residential
HOA N
Subdivision Name KENSINGTON
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 2
Status ACTIVE
Directions GPS
City PHILADELPHIA
Senior Community Y/N N
MLS Area 19134 (19134)
Lot Size Units Square Feet
Lot Size Square Feet 850.00
Tax Annual Amount 2754.0
Home Warranty Y/N Y
Structure Type Detached
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 2
Bathrooms Count Main Level 2.00
Price Per Sq Ft Total AG 301.81
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 247
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InteriorHeating Fuel Natural Gas
Basement Walkout Level
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1491
Central Air Y/N Y
Total Bedrooms 5
Below Grade Finished Area 0
Main Level Bedrooms 5
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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ExteriorPool No Pool
Water Source Public
Type of Parking Off Street
Foundation Details Block
Water View Y/N N
Lot Dimensions 15.00 x 58.00
Lot Size Acres 0.02
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 39360.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList BySerhant Pennsylvania LlcBroker
kyle.brown@serhant.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,771
- Monthly Property Taxes
- $230
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 NearbySingle family listings in Philadelphia, PA
Average List Price $539,855
Percent of Sale Price 20%
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.
4835660 Elementary School
4835659 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/9/2026 | $450,000 | | Listed Price |