2019-Built Six-Unit Multifamily

PHILADELPHIA, PA 19122 Philadelphia, PA 19122

Claim this Listing
For Sale
$1,540,000

SINGLE_FAMILY - PHILADELPHIA, PA

Property size:
7,180 SF
Price / SF:
$214/SF
Added:
Apr 1, 2026
Days on Market:
101
Last Refresh:
Jul 10 at 9:06 pm

Property Features

General Information

Property type
Residential
Property subtype
Other
Standard status
Active
Size
7,180 SF

Building Details

Year built
2018

Listing agent Philly Home Advisors

Listing office BHHS Fox & Roach Center City-Society Hill PA

Listing date Apr 1, 2026

MLS# PAPH2601440

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.


Investment Insights

Based on property information with market context.

Built in 2019, this six-unit multifamily property is offered as a stabilized, professionally managed investment. The current 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 is described as having contemporary finishes with open concept layouts and in-unit laundry.

Located at 1917 N 7TH STREET in Philadelphia (19122), the property is positioned just steps from Temple University’s main campus, with minutes to the continued growth along North Broad Street and to the surrounding Fishtown and Northern Liberties areas.

The building is currently fully leased, with stated annual income of approximately $140,580 and a projected pro forma of approximately $145,800, supported by an efficiency expense ratio of approximately 23%. The listing notes approximately three years remaining on the original 10-year tax abatement, plus one year of free property management included with the offering. The property is also identified as being located within a Qualified Opportunity Zone.

Key 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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

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.

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 Uses

Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M (±1% cap)
NOI $112,938 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.75M
$1.53M – $2.04M (±1% cap)
NOI $122,526 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

FAQs

What type of property is this?
Apartment building - 2019 six-unit multifamily is fully leased and professionally managed with in-unit laundry across multiple bedroom configurations.
Where is this apartment building located?
The property is located at Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,540,000.
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.
Contact an agent
More about this property
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