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
For sale
$1,450,000
7092 Forrest Ave, Philadelphia, PA 19138
12beds
--baths
6,454sqft
Est.:
Multi Family
Built in 1925
-- sqft lot
$-- Zestimate®
$225/sqft
$-- HOA
What's special
- 1 day
- on Zillow |
- 80 |
- 2 |
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#: PAPH2531354

Travel times
Tour with a buyer's agent
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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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