Multifamily Property with Central
For Sale
$699,900
2614 N 7TH STREET, Philadelphia, PA 19133
Built in 2025 with finished interiors, electric appliances, and on-street parking.
Property Size3,300 SF
Price / SF$212.09
Days on Market73
Property Features for 2614 N 7TH STREET
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Residential Income
Amenities
Central Air, Electric
Electric, Forced Air
Finished
Electric Range, Electric Oven, Disposal, Microwave
On Street
Traditional
Building Details
Building Size
3,300 SF
Year Built
2025
Listing Agency:
(215) 627-6005
Listed By:
Valerie Yosef
(215) 627-6005
Source:
Evrealestate
Added: May 22
Changed: Jul 31
Last Checked: Aug 1 at 5:24AM
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 Valerie Yosef
Investment Insights
Based on property information with market context.
This multifamily property at 2614 N 7th Street in Philadelphia was built in 2025 and features finished interior space. Building systems include central air and electric forced-air heating, with electric service supporting the property’s appliances.
The property includes an electric range, electric oven, disposal, and microwave. On-street parking is available, and the exterior has a traditional design. It is located in Philadelphia County.
The property includes an electric range, electric oven, disposal, and microwave. On-street parking is available, and the exterior has a traditional design. It is located in Philadelphia County.
Key Highlights
- Built in 2025
- Central air and electric forced‑air systems
- Finished interior space
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 | $100.2k | $30.36 |
| − Vacancy | −$5.8k | −$1.76 |
| EGI | $94.4k | $28.60 |
| − OpEx | −$42.5k | −$12.87 |
| NOI | $51.9k | $15.73 |
3,300 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$741.5K
$648.8K – $865.1K
NOI $51,907 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$804.5K
$703.9K – $938.6K
NOI $56,314 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,796
Businesses Nearby
Explore this area
Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 2025 with finished interiors, electric appliances, and on-street parking.
Where is this multifamily property located?
The property is located at 2614 N 7TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Built in 2025; Central air and electric forced‑air systems; Finished interior space
