7092 Forrest Ave, Philadelphia, PA 19138

Philadelphia
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
7092 Forrest Ave,Philadelphia, PA 19138
$1,300,000
  • 12 Beds
  • - Baths
  • 6,454 sq. ft.
  • Multi-family
  • Pending
Listed by: philip sharrow, joseph m. loonstyn jr.
Office: scope commercial real estate services, inc.
MLS#:PAPH2531354
Source:BRIGHTMLS

Price summary

  • Price:$1,300,000
  • Price per sq. ft.:$201.43

About this home

Presenting the opportunity to acquire 7092 Forrest Avenue, a 12-unit multi-family building located in the West Oak Lane neighborhood of Northwest Philadelphia. This offering presents a stable, cash-flowing asset with a strong mix of voucher-backed income and master leased units. The building includes all 12 one-bedroom, one-bathroom units. Of these, two units are market rate, six are leased to PHA voucher tenants, and four are leased to 1260 Housing, a non-profit that pays rent under a master lease structure and subleases to qualified residents. This master lease provides consistent collections and streamlined management. Units 101 and 102 are in the process of getting rental increases with PHA to $1,250. The current average rent is $1,205. Ownership also replaced the roof this year, upgraded the common areas with new trim, paint, and carpeting, and maintained appliances as needed. Located in West Oak Lane, 7092 Forrest Avenue offers residents a quiet, residential setting while...

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Home facts

  • Year built:1925
  • Listing ID #:PAPH2531354
  • Added:229 day(s) ago
  • Updated:April 13, 2026 at 07:34 AM

Rooms and interior

  • Bedrooms:12
  • Living area:6,454 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Baseboard - Hot Water, Natural Gas

Structure and exterior

  • Year built:1925
  • Building area:6,454 sq. ft.
  • Lot area:0.3 Acres
  • Construction Materials:Masonry

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,300,000
  • Price per sq. ft.:$201.43
  • Tax amount:$9,734 (2026)

Parking

  • Parking description:On Street

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