11 days on rocket

2554-56 Frankford Ave, Philadelphia, PA, 19125

$2,100,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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2554-56 Frankford Ave, Philadelphia$2,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingOn Street
Year BuiltNew Const., 2023
HeatingHeat Pump
CoolingENERGY STAR Qualified Equipment, Heat Pump
BasementYes
MLS #PAPH2418648
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 2554-56 Frankford Ave

Discover a prime investment opportunity in the heart of East Kensington, where these two meticulously designed triplexes at 2554-56 Frankford Ave redefine urban living. With luxurious spaces and a secure future backed by 10-Year Tax Abatements through 2033, these residences promise both immediate returns and enduring growth. Nestled amidst the East Kensington renaissance, these triplexes stand at the epicenter of a thriving community. The area is undergoing transformative projects, ensuring continuous appreciation for your investment. Each building comprises two generous two-bedroom, one-bathroom units and one expansive three-bedroom, three-bathroom bi-level unit, offering ample living space tailored for modern lifestyles. Adorned with top-notch features, including modern tile, flooring, and cabinet finishes, complemented by energy-efficient LED lighting, these triplexes offer both functionality and elegance. Unit One boasts a private backyard, offering a tranquil oasis in the midst of the city. Unit Three features a private roof deck access, providing breathtaking views of the cityscape and the iconic Philadelphia skyline. Enjoy seamless access to Center City and beyond, thanks to the proximity to the Market-Frankford Line. Additionally, you'll find yourself steps away from the vibrant culinary scene, with flourishing restaurants, bars, and coffee shops lining Frankford Avenue. These income-producing properties are not just residences; they are assets that promise both immediate returns and long-term growth. Don't miss this chance to enhance your investment portfolio with properties that align with Philadelphia's promising future. The opportunity to own these triplexes won't last long. Schedule an appointment today to experience the charm and potential of these East Kensington gems.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 2023

Listing Office:

  • Office Name: Sell Your Home Services
  • Office Phone: (877) 893-6566
  • Listing Agent: Daniel J. Demers

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Vinyl

Exterior Features

Exterior Information:

  • Exterior: Street Lights

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: ENERGY STAR Qualified Equipment, Heat Pump

Other

Directions Information:

  • Directions: From E Lehigh Ave, turn right to Frankford Ave

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,100,000
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

2554-56 Frankford Ave vs Philadelphia

11 DAYS ON ROCKET

-33 Days

$2,100,000

+$1.8M More

KEY TAKEAWAY

This property is $1.8M more than the Median Sold Price in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2418648

Listing Office:

  • Office Name: Sell Your Home Services
  • Office Phone: (877) 893-6566
  • Listing Agent: Daniel J. Demers

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 1:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,362

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-482930
6
/10
  • John Moffet Elementary School

  • 127 W Oxford St

  • 0.67 miles

  • Public District Grades KG-5

school-card-donut-482931
7
/10
  • Horatio B. Hackett School

  • 2161 E York St

  • 1.17 miles

  • Public District Grades KG-5

school-card-donut-482932
3
/10
  • Richmond Elementary School

  • 2944 Belgrade St

  • 1.77 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,691. Most Philadelphia, PA residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas


Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19125›2554-56 Frankford Ave

This home is located at 2554-56 Frankford Ave in Philadelphia, PA and zip code 19125 in the Bridesburg / Kensington / Richmond neighborhood. This home, which was built in 2023, sits on a 0.03 acre lot. It has been listed on Rocket Homes since November 10, 2024 and is currently priced at $2,100,000.

In October 2024, from all listings sold in Philadelphia, PA there were more than 252 sold above asking price, over 567 sold below and more than 237 were sold right at the asked price. The number of homes for sale in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. The median list price of listings available in October 2024 was $261,807, while the average time on the real estate market was 44 days.

From Rocket Homes Real Estate and based on county public records data.

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