Bi-Level
New
For Sale
$950,000
1334 N 7th Street, Philadelphia, PA 19122
Three condominium apartments offer private entrances, in-unit laundry, and individual tax parcels.
Property Size4,488 SF
Price / SF$211.68
Days on Market4
Property Features for 1334 N 7th Street
General Information
Standard status
Active
Size
4,488 SF
Property subtype
Multi-family
Lease Term
[]
Site & Location
Neighborhood
Wharton
Building Details
Year Built
2016
Listing Agency:
Level 18 Realty
Listed By:
Netanel Levi
(215) 510-0515
Source:
Deepcreeklake
Added: Oct 28
Changed: Oct 31
Last Checked: Oct 30 at 1:29PM
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 Level 18 Realty
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Investment Insights
Based on property information with market context.
This 2016 triplex at 1334 N 7th Street contains three bi-level apartments offered together as one building. The ground-floor residence has three bedrooms and 2.5 bathrooms; the two second-floor apartments each have one bedroom and one bathroom. Each unit has a private entrance and its own washer and dryer. Interior features include hardwood floors, modern kitchens with stainless steel appliances and center islands, and bathrooms with glass-enclosed showers. Select units also have soaking tubs, while skylights and oversized windows bring natural light into the apartments.
The three units are legally deeded as condominiums, with a separate tax parcel for each. Fishtown, Northern Liberties, and Temple University are identified as nearby destinations, with restaurants, cafes, parks, and nightlife in the surrounding area. Center City is approximately 10 minutes away by car or public transit.
The three units are legally deeded as condominiums, with a separate tax parcel for each. Fishtown, Northern Liberties, and Temple University are identified as nearby destinations, with restaurants, cafes, parks, and nightlife in the surrounding area. Center City is approximately 10 minutes away by car or public transit.
Key Highlights
- Three bi‑level apartments, each with a private entrance and in‑unit washer and dryer
- Ground‑floor unit has 3 bedrooms and 2.5 bathrooms; two upper‑floor units each have 1 bedroom and 1 bathroom
- All three condominium units are included in the sale of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,587
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,531,740
$1.5M
Cap Rate 7%
$1,094,100
$1.1M
Cap Rate 9%
$850,967
$851.0K
Market Conditions
NOI Build-Up for 4,488 SF
Gross rent
$115.8K $25.80/SF
− Vacancy
−$6.4K −$1.42/SF
EGI
$109.4K $24.38/SF
− OpEx
−$32.8K −$7.31/SF
NOI
$76.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,531,740
Cap Rate 7%
$1,094,100
Cap Rate 9%
$850,967
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$957.3K – $1.28M
NOI $76,587 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$1.01M
$882.4K – $1.18M
NOI $70,594 @ 7.0% cap · market cap 7.43%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,527
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three condominium apartments offer private entrances, in-unit laundry, and individual tax parcels.
Where is this triplex located?
The property is located at 1334 N 7th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three bi‑level apartments, each with a private entrance and in‑unit washer and dryer; Ground‑floor unit has 3 bedrooms and 2.5 bathrooms; two upper‑floor units each have 1 bedroom and 1 bathroom; All three condominium units are included in the sale of the building
