Duplex With Renovated Upper
New
For Sale
$290,000
7076 FORREST AVENUE, Philadelphia, PA 19138
A one-bedroom lower residence and updated two-bedroom upper home provide distinct living spaces.
Property Size1,394 SF
Price / SF$208.03
Days on Market3
Property Features for 7076 FORREST AVENUE
General Information
Standard status
Active
Size
1,394 SF
Property subtype
Duplex
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
Realty ONE Group Focus
(484) 500-1681
Listed By:
Jasmine S Williams · License #RS311753
(267) 707-6487
Source:
Cummingsrealtors
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 10 at 2:47AM
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 Realty ONE Group Focus
Investment Insights
Based on property information with market context.
Built in 1925, this 1,394-square-foot legal duplex has a one-bedroom first-floor unit and a renovated two-bedroom residence above. The upper home features a new kitchen with gray cabinetry and stainless steel appliances, an updated tiled bathroom, and a front bedroom with a sunny seating nook. The first-floor unit and garage are rented.
The property is in Philadelphia’s West Oak Lane neighborhood. Cheltenham Mall, Ogontz Avenue shops, and the SEPTA Cheltenham & Ogontz Loop are nearby.
The property is in Philadelphia’s West Oak Lane neighborhood. Cheltenham Mall, Ogontz Avenue shops, and the SEPTA Cheltenham & Ogontz Loop are nearby.
Key Highlights
- Legal duplex with 1,394 square feet
- Two‑bedroom upper residence renovated with new kitchen and tiled bathroom
- One‑bedroom first‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,788
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,760
$475.8K
Cap Rate 7%
$339,829
$339.8K
Cap Rate 9%
$264,311
$264.3K
Market Conditions
NOI Build-Up for 1,394 SF
Gross rent
$36.0K $25.80/SF
− Vacancy
−$2.0K −$1.42/SF
EGI
$34.0K $24.38/SF
− OpEx
−$10.2K −$7.31/SF
NOI
$23.8K $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%
$475,760
Cap Rate 7%
$339,829
Cap Rate 9%
$264,311
Alternative Uses
Best Use
Multifamily LT 5
$339.8K
$297.4K – $396.5K
NOI $23,788 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$313.2K
$274.1K – $365.5K
NOI $21,927 @ 7.0% cap · market cap 7.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
Explore this area
Business Placement
Demographics for 19138, PA
31,816
Population
13,836
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
17,676
Density / Sq Mi
$51,586
Median Household Income
$36,956
Median Earnings
$1,172
Median Rent
$167,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A one-bedroom lower residence and updated two-bedroom upper home provide distinct living spaces.
Where is this duplex located?
The property is located at 7076 FORREST AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Legal duplex with 1,394 square feet; Two‑bedroom upper residence renovated with new kitchen and tiled bathroom; One‑bedroom first‑floor unit
