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7092 Forrest Ave Philadelphia, PA 19138

For Sale
$1,450,000

12-unit multifamily building in West Oak Lane neighborhood.

Property size:
6,454 SF
Lot size:
0.30 Acres

Property Features for 7092 Forrest Ave

General Information

Size
6,454 SF
Lot size
0.30 Acres

Building Details

Year built
1925

Source: Keller Williams Real Estate Horsham Agent Philip Sharrow

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

West Oak Lane Multifamily Investment

Located in the West Oak Lane neighborhood of Northwest Philadelphia, 7092 Forrest Avenue is a 12-unit multi-family building. The property consists of twelve one-bedroom, one-bathroom units. The property offers a mix of voucher-backed income and master leased units. Two units are market rate, six are leased to PHA voucher tenants, and four are leased to 1260 Housing, a non-profit that pays rent under a master lease structure and subleases to qualified residents. Units 101 and 102 are in the process of getting rental increases with PHA to $1,250. The current average rent is $1,205. The roof was replaced this year, and the common areas have been upgraded with new trim, paint, and carpeting. Appliances have been maintained as needed. The property is within a 10-minute drive of SEPTA’s Chestnut Hill East Regional Rail line (Sedgwick Station), providing a direct route to Center City Philadelphia. Multiple SEPTA bus routes, including the H, 6, and 18 lines, also service the area, while nearby corridors like Cheltenham Avenue, Stenton Avenue, and Lincoln Drive offer convenient access to retail, services, and major highways such as Route 309 and I-76. The surrounding neighborhood features a mix of tree-lined streets, local schools, shopping centers, and healthcare facilities.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Philadelphia
County
Delaware
State
Pennsylvania
Longitude
-75.153758
Latitude
40.06272

FAQs

What type of property is this?
Apartment building - 12-unit multifamily building in West Oak Lane neighborhood.
Where is this apartment building located?
The property is located at 7092 Forrest Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: - Stable, cash-flowing 12-unit multi-family building in West Oak Lane, Philadelphia.; - Strong mix of voucher-backed income (PHA) and master leased units (1260 Housing) ensuring consistent collections.; - Recent capital improvements including new roof and upgraded common areas.
More about this property
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