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7-Unit Apartment Building
For Sale
$875,500

1722 N 7th St, Philadelphia, PA 19148

Fully occupied multifamily property with a mix of one- and two-bedroom apartments.

Property SizeContact for details
Days on Market25

Property Features for 1722 N 7th St

General Information

Standard status Active
Property subtype Residential Income
Occupancy 100%

Site & Location

Neighborhood Ludlow

Units

Unit Mix 6 x 1BR, 1 x 2BR
Multifamily Units 7

Additional Details

Gross Income $70,920

Taxes and HOA fees

Annual Taxes $7,224

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Premium Realty Castor Inc
Listed By: FANG TAN · License #RS342853
Source: Exprealty
Added: Sep 29 Changed: Oct 19 Last Checked: Oct 23 at 11:55AM

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 Premium Realty Castor Inc

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Investment Insights

Based on property information with market context.

This seven-unit apartment building contains six one-bedroom apartments and one two-bedroom apartment. All apartments are occupied and generating rental income. Common hallways and shared areas are maintained, and the building has a single house electric meter.

Most leases are month-to-month with 60 days’ notice; the Section 8 tenancy requires 30 days’ notice. The landlord pays for cold water, trash, exterminating, snow removal, and landscaping. The property is subject to real estate taxes, and the seller is pursuing an assessment appeal with an October 2026 deadline.

Key Highlights

  • Seven apartments: six one‑bedroom units and one two‑bedroom unit
  • All units are occupied
  • Most tenancies are month‑to‑month with 60 days’ notice; Section 8 tenancy requires 30 days’ notice

Property Analytics

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Lease Details

7
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,612
Businesses Nearby

Demographics for 19148, PA

53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied multifamily property with a mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 1722 N 7th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $875,500.
What are key features of this property?
This property features: Seven apartments: six one‑bedroom units and one two‑bedroom unit; All units are occupied; Most tenancies are month‑to‑month with 60 days’ notice; Section 8 tenancy requires 30 days’ notice
More about this property
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