7092 Forrest Ave Philadelphia, PA 19138
12-unit multifamily building in West Oak Lane neighborhood.
Property size:
6,454 SFLot size:
0.30 AcresProperty Features for 7092 Forrest Ave
General Information
- Size
- 6,454 SF
- Lot size
- 0.30 Acres
Building Details
- Year built
- 1925
Source:
Kw
Listing 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
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.153758
- Latitude
- 40.06272
Nearby Similar for Sale
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.