Two-Unit Brick
For Sale
$315,000
7800 FORREST Avenue, Philadelphia, PA 19150
Multi-Family, PHILADELPHIA, PA
Property Size1,400 SF
Lot Size0.09 Acres
Price / SF$225
Days on Market36
Property Features for 7800 FORREST Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Garage - Attached
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,400 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
4038
Utilities
Heating system
Other (Heating)
Cooling system
Ceiling Fan(s)
Building Details
Year built
1950
Number of units
2
Building materials
Brick
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Ethan Chase Lake · License #RS378251
(267) 367-8330
Added: Sep 18
Changed: Oct 22
Last Checked: Oct 23 at 12:06PM
MLS# PAPH2671456
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Philadelphia duplex contains two separate residences, each arranged with two bedrooms, a kitchen, a living room, and a bathroom. The 1,400-square-foot building was constructed in 1950 and has brick exterior construction. A basement room, ceiling fans, and an attached garage are also part of the property. The parcel measures 0.09 acres.
The property is in Philadelphia, with nearby shopping, dining, transportation, and major roadways noted in the surrounding area.
The property is in Philadelphia, with nearby shopping, dining, transportation, and major roadways noted in the surrounding area.
Key Highlights
- Two separate residences, each with two bedrooms
- 1,400‑square‑foot brick building constructed in 1950
- 0.09‑acre parcel
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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Open Analytics
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, a kitchen, a living room, and a 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 residences, each with two bedrooms; 1,400‑square‑foot brick building constructed in 1950; 0.09‑acre parcel
