Two-Unit
For Sale
$315,000
7800 FORREST AVENUE, Philadelphia, PA 19150
Two distinct two-bedroom residences each include a kitchen, living room, and bathroom.
Property Size1,400 SF
Days on Market36
Property Features for 7800 FORREST AVENUE
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Duplex
Site & Location
Neighborhood
Northwest Philadelphia
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,038
Building Details
Building Size
1,400 SF
Year Built
1950
Stories
2
Listing Agency:
EXP Realty, LLC
Listed By:
Ethan Chase Lake · License #RS378251
(267) 367-8330
Source:
Lizclarkrealestate
Added: Sep 18
Changed: Oct 21
Last Checked: Oct 21 at 5:30AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This two-level duplex contains two separate residences, each arranged with two bedrooms, a kitchen, a living room, and a bathroom. The building dates to 1950.
The property is in Philadelphia, with shopping, dining, transportation, and major roadways nearby.
The property is in Philadelphia, with shopping, dining, transportation, and major roadways nearby.
Key Highlights
- Two separate two‑bedroom units
- Each residence has a kitchen, living room, and bathroom
- Two‑level building constructed in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,891
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,820
$477.8K
Cap Rate 7%
$341,300
$341.3K
Cap Rate 9%
$265,456
$265.5K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$36.1K $25.80/SF
− Vacancy
−$2.0K −$1.42/SF
EGI
$34.1K $24.38/SF
− OpEx
−$10.2K −$7.31/SF
NOI
$23.9K $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%
$477,820
Cap Rate 7%
$341,300
Cap Rate 9%
$265,456
Alternative Uses
Best Use
Multifamily LT 5
$341.3K
$298.6K – $398.2K
NOI $23,891 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$314.6K
$275.3K – $367.0K
NOI $22,021 @ 7.0% cap · market cap 6.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
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Business Placement
Demographics for 19150, PA
23,126
Population
10,868
Households
2.1
Avg Household Size
47
Median Age
28%
College-Educated
91%
High-School Grad
1.5 sq mi
ZIP Area
15,417
Density / Sq Mi
$61,257
Median Household Income
$43,002
Median Earnings
$1,282
Median Rent
$225,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct two-bedroom residences each include a kitchen, living room, and bathroom.
Where is this duplex located?
The property is located at 7800 FORREST AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two separate two‑bedroom units; Each residence has a kitchen, living room, and bathroom; Two‑level building constructed in 1950
