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240-42 E Girard Ave, 
Philadelphia, PA 19125

$2,417,000


9

Beds


Bath


10,505

Sq Ft


Multi-Family

Pending

Listed by

Ryan J Mcmanus

Brandon Ribeiro

Keller Williams Liberty Place

Last updated:

August 1, 2025, 07:21 AM

MLS#

PAPH2421778

Source:

BRIGHTMLS

About This Home

240-42 E Girard Ave

$1M price reduction: "The Fishtown Portfolio" presents a rare investment opportunity to acquire three (3) best-in-class boutique mixed-used properties at a substantial discount to replacement cost in the most vibrant location in Philadelphia, Pennsylvania — FISHTOWN. Each building features an instantly recognizable address (Frankford Avenue and Girard Avenue) which insulate the properties and elevate the rentability factor for new ownership. 2301 Frankford = 6 apts + commercial. Signed lease for ground floor commercial (bar concept) — all apartments leased. 2001 Frankford = 8 apts + 2x commercial. Vacant ground floor commercial (to be built out once tenant's procured) — apartments in punchlist/lease up phase. 240 E Girard = 9 apts + 2x commercial. White box commercial space — apartments in lease up. These assets benefit from destination ground floor retail/commercial spaces with unrivaled street presence/exposure. Fishtown is known for its world-class culinary environment, in addition to its thriving retail, commercial and residential landscape swelling with positive demand. 28 total units are included within The Portfolio. 8.4% pro forma cap rate. 10 year tax abatement. Seize the rare opportunity to acquire trophy addresses in Philly's hottest submarket. ***PORTFOLIO SALE; 3 BUILDINGS ON OFFER (2301 FRANKFORD, 2001 FRANKFORD, 240 E GIRARD). USE SELLER'S PREFERRED TITLE COMPANY TO ENSURE SMOOTH SETTLEMENT PROCESS. TAXES, SF, FINANCIALS TO BE INDEPENDENTLY VERIFIED IN DUE DILIGENCE.

Home Facts

Multi-Family

9 Bedrooms

Built in 1915

Price Summary

2,417,000

$230 per Sq. Ft.

MLS #:

PAPH2421778

Last Updated:

August 1, 2025, 07:21 AM

Added:

8 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

9


Structure

Structure

Building Area:

10,505 Sq. Ft.

Year Built:

1915


Lot

Lot Size (Sq. Ft):

2,613


Finances & Disclosures

Finances

Price:

$2,417,000

Price per Sq. Ft:

$230 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.

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