Two-Bedroom Residential Income
For Sale
$290,000
1317 N 7TH STREET Unit 2, Philadelphia, PA 19122
Two-bath residence with a private balcony, updated kitchen finishes, and in-unit laundry.
Property Size859 SF
Days on Market69
Property Features for 1317 N 7TH STREET Unit 2
General Information
Standard status
Active
Size
859 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$593
Amenities
in-unit washer & dryer
private outdoor balcony
granite countertops
stainless steel appliances
Building Details
Building Size
859 SF
Year Built
2016
Listing Agency:
Compass Pennsylvania, LLC
(215) 882-3196
Listed By:
Jason Wallner · License #RS353924
(215) 882-3196
Source:
Patmckennarealtors
Added: May 29
Changed: Aug 4
Last Checked: Aug 5 at 4:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This 2016 residential income property offers a two-bedroom, two-bath layout with an open living arrangement and abundant natural light. The kitchen is equipped with granite countertops, stainless steel appliances, and substantial cabinet storage. A primary suite includes a private ensuite bath with a glass-enclosed shower, while the home also provides spacious bedrooms and an in-unit washer and dryer.
A private outdoor balcony extends the living area and provides space for morning coffee or outdoor downtime. The property is near restaurants, coffee shops, shopping, and public transportation in Fishtown and Northern Liberties, with access to 95 or 676 also identified nearby.
A private outdoor balcony extends the living area and provides space for morning coffee or outdoor downtime. The property is near restaurants, coffee shops, shopping, and public transportation in Fishtown and Northern Liberties, with access to 95 or 676 also identified nearby.
Key Highlights
- Two‑bedroom, two‑bath residential income property
- Built in 2016
- Granite countertops and stainless steel kitchen appliances
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 | $26.1k | $30.36 |
| − Vacancy | −$1.5k | −$1.76 |
| EGI | $24.6k | $28.60 |
| − OpEx | −$11.1k | −$12.87 |
| NOI | $13.5k | $15.73 |
859 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$193.0K
$168.9K – $225.2K
NOI $13,512 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$209.4K
$183.2K – $244.3K
NOI $14,659 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,527
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bath residence with a private balcony, updated kitchen finishes, and in-unit laundry.
Where is this residential income property located?
The property is located at 1317 N 7TH STREET Unit 2 Philadelphia, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residential income property; Built in 2016; Granite countertops and stainless steel kitchen appliances
