Renovated
New
For Sale
$545,000
1908 N 7TH STREET, Philadelphia, PA 19122
Three two-bedroom, two-bathroom units provide a consistent residential configuration.
Days on Market3
Property Features for 1908 N 7TH STREET
General Information
Standard status
Active
Property subtype
Triplex
Additional Details
Gross Income
$72,000
Building Details
Building Size
2,503 SF
Year Built
1915
Tenancy
Multi
Listing Agency:
RE/MAX Access
(215) 817-7602
Listed By:
Edward P Diehl · License #AB069544
(215) 817-7602
Source:
Patmckennarealtors
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 4:19PM
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 RE/MAX Access
Investment Insights
Based on property information with market context.
This triplex includes three residential units, each configured with two bedrooms and two bathrooms. The property was redone 2 years ago and is described as brand new throughout, providing updated interiors across the building.
Built in 1915, the property is located at 1908 N 7th Street in Philadelphia, Pennsylvania. Its three-unit configuration offers a straightforward multifamily layout with consistent unit sizes and bedroom-bathroom counts.
Built in 1915, the property is located at 1908 N 7th Street in Philadelphia, Pennsylvania. Its three-unit configuration offers a straightforward multifamily layout with consistent unit sizes and bedroom-bathroom counts.
Key Highlights
- Three‑unit triplex configuration
- Each unit includes 2 bedrooms and 2 bathrooms
- Property was redone 2 years ago
Financial Insights For Multifamily LT 5
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 | $64.6k | $25.80 |
| − Vacancy | −$3.6k | −$1.42 |
| EGI | $61.0k | $24.38 |
| − OpEx | −$18.3k | −$7.31 |
| NOI | $42.7k | $17.06 |
2,503 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$610.2K
$533.9K – $711.9K
NOI $42,713 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$562.4K
$492.1K – $656.2K
NOI $39,371 @ 7.0% cap · market cap 7.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,214
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom, two-bathroom units provide a consistent residential configuration.
Where is this triplex located?
The property is located at 1908 N 7TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Three‑unit triplex configuration; Each unit includes 2 bedrooms and 2 bathrooms; Property was redone 2 years ago
