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Property Description
2427 Frankford Avenue is a fully occupied, modern mixed-use triplex located in the heart of Philadelphia's vibrant Fishtown neighborhood-one of the city's most sought-after areas known for its thriving arts scene, eclectic eateries, and energetic atmosphere. Constructed in 2017, this well-maintained property offers an ideal opportunity for both investors and owner-operators seeking strong rental income in a high-demand location.The property features three thoughtfully designed units: a commercial space on the ground floor and two residential apartments above. Commercial Unit (1st Floor) The street-level commercial space boasts a large glass storefront that provides excellent visibility and curb appeal on bustling Frankford Avenue. Inside, you'll find hardwood floors, modern finishes, and ample natural light that create a warm and professional ambiance-perfect for retail, office, or boutique service use. The unit includes a private rear patio, offering outdoor seating or additional operational space, as well as basement access for extra storage or utility needs. Residential Units (2nd & 3rd Floors) Above the commercial unit are two stylishly appointed 1-bedroom, 1-bathroom residential apartments, each offering a blend of comfort and modern luxury. These units feature: ppen-concept layouts, hardwood flooring throughout, stainless steel appliances, ranite countertops, and in-unit laundry. The third-floor unit is a standout, offering exclusive access to a private rooftop deck with breathtaking views of the Philadelphia skyline-perfect for entertaining or relaxing. Designed with modern luxury and long-term durability in mind, 2427 Frankford Ave combines architectural quality with high-end finishes throughout. This turn-key investment presents a rare opportunity to own a fully leased, income-generating property in one of Philadelphia's fastest-growing neighborhoods.
Full Property Details
Full Property Details for 2427 Frankford Ave
General
- Price: $699,900
- Taxes: $1,092 (2025)
- Status: Active
- Type: Retail
- Source: BrightMLSPhilly
- MLS ID: PAPH2537194
- Updated: 12/17/2025
- Added to Site: 156 day(s) ago
Business
- Business Type: Other/General Retail
Interior
- Flooring: Hardwood
Parking
- Parking Features: Public
- Parking Type: On Street
Location
- Area: 19125 (19125)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Driving Directions: Between E. York Street and E. Hagert Street on Frankford Avenue.
Heating & Cooling
- Cooling Type: Ductless/Mini-Split
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Foundation: Permanent
- Building Size: 2162
- Year Built: 2017
- Year Built Source: Assessor
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 853
- Lot Size Source: Assessor
- Lot Dimensions: 19.00 x 65.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $323.73
- Assessment Year: 2025
- School Tax: $611
- City/TownTax: $480
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $78,040
- Tax Amount: $1,092
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Tenant personal belongings
- Inclusions: Appliances in as-is condition
- Lot Number: 150
Listed by JG Real Estate LLC, Ariel L Morgenstein
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Schools
Schools serving 2427 Frankford Ave
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Hackett Horatio B School 2161 East York Street, Philadelphia, PA 19125 | K-5 | 0.1 mi |
Penn Treaty Middle School 600 East Thompson Street, Philadelphia, PA 19125 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2427 Frankford Ave
Date
Details
Price
Change
Source
10/17/2025
Price Reduced
$699,900
-3.45%
MLS
9/19/2025
Listed
$724,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2427 Frankford Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,092
—
$390,200
—
2024
$1,092
-1%
$390,200
-1%
2023
$1,103
5%
$394,200
100%
2021
$1,051
-5%
-100%
2023
$1,103
5%
$78,800
-79%
2020
$1,051
1%
$375,500
1%
2019
$1,041
36%
$371,800
36%
2018
$764
211%
$272,900
1451%
2017
$246
—
$17,600
—
2016
$246
4%
$17,600
—
2015
$236
—
$17,600
—
2014
$236
—
$17,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2427 Frankford Ave
2427 Frankford Avenue, Philadelphia, PA 19125 (MLS# PAPH2537194) is a Retail property. 2427 Frankford Avenue is currently listed for $699,900 and was received on September 19, 2025. Want to learn more about 2427 Frankford Avenue? Do you have questions about finding other Retail real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

