4-Unit Contemporary
For Sale
$999,900
1945 N 7TH Street, Philadelphia, PA 19122
Multi-Family, PHILADELPHIA, PA
Property Size3,945 SF
Lot Size0.04 Acres
Price / SF$253.46
Days on Market9
Property Features for 1945 N 7TH Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Appliances
Washer, Dryer, Refrigerator, Dishwasher, Oven/Range - Gas, Built-In Microwave
Subdivision
NORRIS SQUARE
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
3,945 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2773
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2021
Number of units
4
Building materials
Concrete, Wood Siding, Vinyl Siding
Architectural style
Contemporary
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Elan Elkaim · License #RS316148
(215) 960-9537
Added: Oct 13
Changed: Oct 21
Last Checked: Oct 21 at 8:06PM
MLS# PAPH2675982
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,945-square-foot quadplex was built in 2021 and contains four residences, each configured with two bedrooms and 2.5 bathrooms. Interior features include open living areas, recessed lighting, modern flooring, and kitchens with quartz counters, islands, stainless steel appliances, and ample cabinetry. Central air serves the units, and the exterior combines brick with panel siding. One residence is vacant. A remaining tax abatement period is also noted.
The property is near Temple University and has access to Broad Street, Girard Avenue, SEPTA service, neighborhood restaurants and shops, and Center City. The building’s four-unit layout, contemporary finishes, and newer construction are complemented by one available residence and the remaining tax abatement.
The property is near Temple University and has access to Broad Street, Girard Avenue, SEPTA service, neighborhood restaurants and shops, and Center City. The building’s four-unit layout, contemporary finishes, and newer construction are complemented by one available residence and the remaining tax abatement.
Key Highlights
- Four residences, each with 2 bedrooms and 2.5 bathrooms
- 3,945 square feet; built in 2021
- One unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,321
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,420
$1.3M
Cap Rate 7%
$961,729
$961.7K
Cap Rate 9%
$748,011
$748.0K
Market Conditions
NOI Build-Up for 3,945 SF
Gross rent
$101.8K $25.80/SF
− Vacancy
−$5.6K −$1.42/SF
EGI
$96.2K $24.38/SF
− OpEx
−$28.9K −$7.31/SF
NOI
$67.3K $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%
$1,346,420
Cap Rate 7%
$961,729
Cap Rate 9%
$748,011
Alternative Uses
Best Use
Multifamily LT 5
$961.7K
$841.5K – $1.12M
NOI $67,321 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$886.5K
$775.7K – $1.03M
NOI $62,053 @ 7.0% cap · market cap 6.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,160
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Completed in 2021, the property contains four residences with central air and one currently vacant unit.
Where is this quadplex located?
The property is located at 1945 N 7TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms and 2.5 bathrooms; 3,945 square feet; built in 2021; One unit is vacant
