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Anita Mohamed

stagesite-3.test@chime.me +1(347) 903-3025

$ 1,550,000

Est. payment -/mo

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1917 N 7TH ST Philadelphia, PA 19122

7,180 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 7,180 sqft

Price per Sqft $215

Lot Size 2,500 Sqft

MLS Listing ID PAPH2611412

Style Other

Subdivision Temple University

Total Units 4

Short Sale No

Originating MLS BRIGHT

Property Description

Philly CRE Advisors is pleased to present a strong, stabilized investment opportunity in one of Philadelphia's most active and rapidly transforming submarkets. Built in 2019, this modern six unit multifamily property combines durable new construction with reliable in place income, ideally positioned just steps from Temple University's main campus and minutes from the continued growth along North Broad Street, Fishtown, and Northern Liberties. The property is fully leased and professionally managed, offering a highly desirable unit mix that includes four two bedroom two bathroom units, one three bedroom three and a half bathroom unit, and one expansive four bedroom four bathroom residence with private backyard access. Each unit is thoughtfully designed with contemporary finishes, open concept layouts, and in unit laundry, catering to both Temple's student population and young professionals while supporting consistent occupancy and strong rental performance. Current rents remain below projected market levels, presenting a clear value add opportunity through lease turnover, renewals, and strategic rent increases. The asset currently generates approximately $140,580 in annual income with a projected pro forma of $145,800, all while maintaining an efficient expense ratio of approximately 23%. Additionally, there are approximately three years remaining on the original ten year tax abatement, providing meaningful near term expense savings and enhanced cash flow. From a broader market perspective, the location continues to benefit from Temple University's ongoing campus expansion, sustained redevelopment along the North Broad corridor, and the continued momentum of nearby Fishtown and Northern Liberties. This convergence has driven increased investor demand, rising rental rates, and long term appreciation across the surrounding neighborhoods. The property is also located within a Qualified Opportunity Zone, offering potential tax advantages for investors seeking to maximize after tax returns. As an added incentive, the offering includes one year of free property management, providing immediate operational support and increased net income for investors. Capitalize on this exceptional opportunity to acquire a turnkey, high-yield investment offering built-in management support and strong long-term growth potential.

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning RM1

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Fireplace N

Heat Source Electric

1-purchase type For Sale

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type None

Building

New Construction N

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

Schools

School District The School District Of Philadelphia

Others

Tax Amount $1,295

Tax Year 2025

Tax ID 881075909

Ownership Fee Simple

SqFt Source 7180

Special Sale Standard

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Listed by ERIC Dvotsky • BHHS Fox & Roach-Center City Walnut

Anita Mohamed

Broker Associate | jhy1aaaaaaaaaaaaaaaa 244410410

+1(347) 903-3025 | stagesite-3.test@chime.me

Anita Mohamed

1917 N 7TH ST Philadelphia, PA 19122

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1917 N 7TH ST