1917 N 7TH STREET, Philadelphia, PA 19122
CommercialSale - PHILADELPHIA, PA
- Added:
- Apr 1, 2026
- Days on Market:
- 71
- Last Refresh:
- Jun 10 at 12:06 pm
Property Features for 1917 N 7TH STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 7,180 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1295
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2018
- Number of units
- 6
- Architectural style
- Other
Listing agent Philly Home Advisors (267) 326-1272
Listing office BHHS Fox & Roach Center City-Society Hill 530 Walnut Street, Suite 480, PA (215) 627-6005
Listing date Apr 1, 2026
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.
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.
- Approximately three years remaining on a ten‑year tax abatement.
- Located within a Qualified Opportunity Zone.
- Includes one year of free property management.
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.14593
- Latitude
- 39.98083
