Modern Multifamily Property Near
1917 N 7TH STREET, Philadelphia, PA 19122
CommercialSale - PHILADELPHIA, PA
Property size:
7,180 SFLot size:
0.06 AcresPrice / SF:
$215/SF- Added:
- Apr 1, 2026
- Days on Market:
- 56
- Last Refresh:
- May 26 at 5:06 pm
Property Features for 1917 N 7TH STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 7,180 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1295
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2018
- Number of units
- 6
- Architectural style
- Other
Listing agent Philly Home Advisors (267) 326-1272
Listing office BHHS Fox & Roach Center City-Society Hill 530 Walnut Street, Suite 480, PA (215) 627-6005
Listing date Apr 1, 2026
MLS# PAPH2601440
Listing URL
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- New construction six‑unit multifamily property near Temple University.
- Fully leased, generating $140,580 in annual income.
- Clear value‑add opportunity through strategic rent increases.
- Approximately three years remaining on a ten‑year tax abatement.
- Located within a Qualified Opportunity Zone.
- Includes one year of free property management.
Overview
This six-unit multifamily property, constructed in 2019, is situated near Temple University's main campus and the developing areas of North Broad Street, Fishtown, and Northern Liberties. The property is fully leased and professionally managed. The unit mix includes four two-bedroom, two-bathroom units, one three-bedroom, three-and-a-half-bathroom unit, and one four-bedroom, four-bathroom residence with private backyard access. Each unit features contemporary finishes, open-concept layouts, and in-unit laundry. The property generates approximately $140,580 in annual income with a projected pro forma of $145,800, and maintains an expense ratio of approximately 23%. Approximately three years remain on the original ten-year tax abatement. The location benefits from Temple University's campus expansion, redevelopment along the North Broad corridor, and the growth of Fishtown and Northern Liberties. The property is located within a Qualified Opportunity Zone. The offering includes one year of free property management. The property size is 7,180 square feet and the lot size is 0.06 acres.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.25M
NOI $112,938 @ 9.00% cap · cautious / downside scenario
Moderate
$1.61M
NOI $112,938 @ 7.00% cap · market / base-case scenario
Aggressive
$2.26M
NOI $112,938 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $218.0k | $30.36 |
| − Vacancy | −$12.6k | −$1.76 |
| EGI | $205.3k | $28.60 |
| − OpEx | −$92.4k | −$12.87 |
| NOI | $112.9k | $15.73 |
7,180 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,938 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.75M
$1.53M – $2.04M
NOI $122,526 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Polished Hair Boutique
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.14593
- Latitude
- 39.98083
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property built in 2019 near Temple University.
Where is this apartment building located?
The property is located at 1917 N 7TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: New construction six‑unit multifamily property near Temple University.; Fully leased, generating $140,580 in annual income.; Clear value‑add opportunity through strategic rent increases.
