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For sale
  • $1,450,000

    7092 Forrest Ave, Philadelphia, PA 19138

    12beds
    --baths
    6,454sqft
    : 
    Multi Family
    Built in 1925
    -- sqft lot
    $-- Zestimate®
    $225/sqft
    $-- HOA

    What's special

    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
    1 day
    on Zillow
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    Zillow last checked: 7 hours ago

    Listing updated: August 26, 2025 at 06:37am

    Listed by:

    Philip Sharrow 215-302-4400,

    Scope Commercial Real Estate Services, Inc. 2153024400,

    Co-Listing Agent: Joseph M. Loonstyn Jr. 267-252-0223,

    Scope Commercial Real Estate Services, Inc.

    Source: Bright MLS,MLS#: PAPH2531354MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 7092 Forrest Ave.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    Heating
    • Baseboard, Natural Gas
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 6,454
    • Total interior livable area: 6,454 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 0.3 Acres
    Details
    • Additional structures: Above Grade
    • Parcel number: 881451130
    • Zoning: RSA5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Masonry
    Condition
    • New construction: No
    • Year built: 1925

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: West Oak Lane
    Location
    • Region: Philadelphia
    • Municipality: PHILADELPHIA

    Financial & listing details

    • Price per square foot: $225/sqft
    • Tax assessed value: $695,400
    • Annual tax amount: $9,734
    • Date on market: 8/26/2025
    • Listing agreement: Exclusive Agency
    • Listing terms: Cash,Conventional,Negotiable
    • Ownership: Fee Simple
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