PHILADELPHIA, PA 19122 Philadelphia, PA 19122
SINGLE_FAMILY - PHILADELPHIA, PA
- Added:
- Apr 1, 2026
- Days on Market:
- 101
- Last Refresh:
- Jul 10 at 11:06 pm
Property Features
General Information
- Property type
- Residential
- Property subtype
- Other
- Standard status
- Active
- Size
- 7,180 SF
Building Details
- Year built
- 2018
Listing agent Philly Home Advisors (267) 326-1272
Listing office BHHS Fox & Roach Center City-Society Hill PA (215) 627-6005
Listing date Apr 1, 2026
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1917 N 7TH STREET in Philadelphia (19122), the property is positioned just steps from Temple University’s main campus, with minutes to the continued growth along North Broad Street and to the surrounding Fishtown and Northern Liberties areas.
The building is currently fully leased, with stated annual income of approximately $140,580 and a projected pro forma of approximately $145,800, supported by an efficiency expense ratio of approximately 23%. The listing notes approximately three years remaining on the original 10-year tax abatement, plus one year of free property management included with the offering. The property is also identified as being located within a Qualified Opportunity Zone.
Key Highlights
- New construction six‑unit multifamily property near Temple University.
- Fully leased, generating $140,580 in annual income.
- Clear value‑add opportunity through strategic rent increases.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $218.0k | $30.36 |
| − Vacancy | −$12.6k | −$1.76 |
| EGI | $205.3k | $28.60 |
| − OpEx | −$92.4k | −$12.87 |
| NOI | $112.9k | $15.73 |