7092 Forrest Ave, Philadelphia, PA 19138
Local realty services provided by:Better Homes and Gardens Real Estate Community Realty
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 remaining highly connected to the rest of the city. The property is within a 10-minute drive of SEPTA’s Chestnut Hill East Regional Rail line (Sedgwick Station), providing a direct route to Center City Philadelphia. Multiple SEPTA bus routes, including the H, 6, and 18 lines, also service the area, while nearby corridors like Cheltenham Avenue, Stenton Avenue, and Lincoln Drive offer convenient access to retail, services, and major highways such as Route 309 and I-76. The surrounding neighborhood features a mix of tree-lined streets, local schools, shopping centers, and healthcare facilities, supporting strong long-term rental demand...
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Home facts
- Year built:1925
- Listing ID #:PAPH2531354
- Added:321 day(s) ago
- Updated:July 14, 2026 at 09:37 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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