Modern Six-Unit Multifamily
1917 North 7th Street Philadelphia, PA 19122
1917 North 7th Street, Philadelphia, PA, 19122
$1,550,000
For Sale
$1,550,000
Built in 2019, this fully leased six-unit building offers four two-bedroom units plus larger three- and four-bedroom residences.
Property Size7,180 SF
Price / SF$215.88
Days on Market93
Property Features for 1917 North 7th Street
General Information
- Standard status
- Active
- Size
- 7,180 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2018
Listing agency
BHHS Fox & Roach-Center City Walnut
(267) 243-4652
Listed by
ERIC Andrew Dvotsky · License #rs332410
(267) 243-4652
Source
Compass
Added: Apr 21 Updated: Jul 21 at 2:40AM Checked: Jul 21 at 6:54AM
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 BHHS Fox & Roach-Center City Walnut
Investment Insights
Based on property information with market context.
Built in 2019, this six-unit multifamily property is stabilized and fully leased. The unit mix includes four two-bedroom, two-bath units, one three-bedroom, three-and-a-half-bath unit, and one four-bedroom, four-bath residence with private backyard access. In-unit laundry and open-concept layouts are part of the contemporary interior design.
The property is located at 1917 North 7th Street in Philadelphia (MLS Area 19122), described as being just steps from Temple University’s main campus and minutes from North Broad Street as well as the Fishtown and Northern Liberties areas.
Offered for sale as a turnkey investment with professional management in place, the property is reported to generate approximately $140,580 in annual income, with a projected pro forma of $145,800 and an efficient expense ratio of approximately 23%. The original 10-year tax abatement is reported to have approximately three years remaining, and the property is located within a Qualified Opportunity Zone. The offering also includes one year of free property management.
The property is located at 1917 North 7th Street in Philadelphia (MLS Area 19122), described as being just steps from Temple University’s main campus and minutes from North Broad Street as well as the Fishtown and Northern Liberties areas.
Offered for sale as a turnkey investment with professional management in place, the property is reported to generate approximately $140,580 in annual income, with a projected pro forma of $145,800 and an efficient expense ratio of approximately 23%. The original 10-year tax abatement is reported to have approximately three years remaining, and the property is located within a Qualified Opportunity Zone. The offering also includes one year of free property management.
Key Highlights
- 2018/2019‑built six‑unit multifamily property that is fully leased and professionally managed
- Unit mix: four 2 bed/2 bath units, one 3 bed/3.5 bath unit, and one 4 bed/4 bath unit with private backyard access
- In‑unit laundry is included in the units
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 |
7,180 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,938 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.75M
$1.53M – $2.04M
NOI $122,526 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Polished Hair Boutique
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Built in 2019, this fully leased six-unit building offers four two-bedroom units plus larger three- and four-bedroom residences.
Where is this apartment building located?
The property is located at 1917 North 7th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 2018/2019‑built six‑unit multifamily property that is fully leased and professionally managed; Unit mix: four 2 bed/2 bath units, one 3 bed/3.5 bath unit, and one 4 bed/4 bath unit with private backyard access; In‑unit laundry is included in the units
