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$998,000

  • For Sale
  • Active
  • Apartment
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This sale includes 3 parts: 1) a double wide 3 story mixed usage building with a store front, a garage and 6 apartments. 2) a double wide vacant building lot (35x82) readily to be developed or to be converted to a parking area. 3) a productive laundromat readily to make money from. For the family business: there are close to 40 washers and dryers, some of them are very new and powerful. The business was there for a long time and you will have a established customer pool. The 2 car garages on the south side of the building. Come to check it.

Full Property Details for 2981 Frankford Ave

General

  • Price: $998,000
  • Taxes: $9,238 (2023)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2579452
  • Updated: 3/12/2026
  • Added to Site: 57 day(s) ago

Business

  • Business Type: Other/General Retail, Apartment Building, Parking Ga

Additional Information

  • Security/Safety: Exterior Cameras, Monitored

Parking

  • Total Spaces: 1
  • Parking Type: Private Garage

Location

  • Area: 19134 (19134)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Driving Directions: Near Frankford Ave and Lehigh Ave

Heating & Cooling

  • Cooling Type: Wall Unit
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Masonry
  • Building Size: 4965
  • Year Built: 1915
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Size (Sq. Ft.): 5,740
  • Lot Size Source: Estimated
  • Lot Dimensions: 70 x 82.00
  • Zoning: CMX2

Financial Considerations

  • Price Per Sq. Ft.: $201.01
  • Assessment Year: 2023
  • School Tax: $5,069
  • City/TownTax: $4,169
  • City/TownTax Freq: Annually
  • Tax w/Assessment: $660,000
  • Tax Amount: $9,238
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Real estate
  • Inclusions: Real estate property, land and laundramat business
  • Lot Number: 200

Listed by Liberty Real Estate, Richard Q Li

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Listing agent

— 2981 Frankford Ave —

  • Richard Q Li

    Liberty Real Estate

Listing Office Email: richard4493@gmail.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2981 Frankford Ave

School District:Philadelphia City School District
NameGradesDistance
Willard Frances E School
2900 Emerald Street, Philadelphia, PA 19134
K-40.2 mi
Kensington HS
2501 Coral Street, Philadelphia, PA 19125
9-120.8 mi
Kensington Culinary Arts
2463 Emerald Street, Philadelphia, PA 19125
9-120.8 mi
Kensington Creative & Performing Arts High School
1901 North Front Street, Philadelphia, PA 19122
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2981 Frankford Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/12/2026
Price Reduced
$998,000
-7.59%
MLS
1/29/2026
Listed
$1,080,000
129.79%
MLS
11/08/2019
Sold
$470,000
—
Public Record
Get Price Alerts and Save Property
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 for 2981 Frankford Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,755
—
$411,100
—
2024
$5,755
5%
$411,100
100%
2021
$5,497
-41%
-100%
2023
$9,239
68%
$660,000
68%
2020
$5,497
—
$392,700
—
2019
$5,484
6%
$391,800
6%
2018
$5,186
35%
$370,500
35%
2017
$3,849
—
$275,000
—
2016
$3,849
4%
$275,000
—
2015
$3,685
—
$275,000
—
2014
$3,685
-21%
$275,000
473%
2013
$4,690
—
$48,000
—
View All
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 for 2981 Frankford Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Liberty Real Estate, Richard Q Li

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2981-5 Frankford Avenue, Philadelphia, PA 19134 (MLS# PAPH2579452) is a Apartment property. 2981-5 Frankford Avenue is currently listed for $998,000 and was received on January 29, 2026. Want to learn more about 2981-5 Frankford Avenue? Do you have questions about finding other Apartment real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

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