7092 Forrest Ave - Apartments FOR SALE


Philadelphia, PA 19138- West Oak Lane
$1,300,000 USD
215-302-4400
7092 Forrest Ave, Philadelphia, PA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/15
null | 8.14% Cap Rate

7092 Forrest Ave
Philadelphia, PA 19138
West Oak Lane


HIGHLIGHTS

  • 12 Multifamily Units | One-bedroom, one-bathroom layouts with a strong mix of market-rate, PHA voucher, and master-leased units.
  • Reliable, Subsidy-Backed Income | Six PHA tenants and four units master-leased to 1260 Housing, a nonprofit that ensures consistent collections
  • Strong In-Place Cash Flow | Over 8 Percent Cap Rate
  • Low-Management Asset | Master lease structure and government-backed tenancy minimize collection risk and operational complexity.
  • Recent Capital Improvement | Roof was recently replaced, and common areas have been updated.
  • Transit-Connected Northwest Location | Close to SEPTA rail (Sedgwick Station), multiple bus routes, and major thoroughfares including Route 309 and 76

OVERVIEW

This 12-unit multifamily property offers a stable, income-producing investment with a strong mix of market-rate, PHA voucher, and master-leased units. Six units are occupied by PHA tenants, while four are master-leased to 1260 Housing, a nonprofit that ensures consistent rent collections. With a cap rate exceeding 7 percent, the asset delivers strong in-place cash flow and minimal management burden thanks to its subsidy-backed tenancy and lease structure. Recent capital improvements, including a new roof and updated common areas, enhance long-term value. Located in Northwest Philadelphia, the property is well-connected by SEPTA rail, multiple bus routes, and major highways including Route 309 and I-76.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

12

PRICE/UNIT

$108,333

CAP RATE

8.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7092 Forrest Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,454 SF

ZONING

RSA5

APN/PARCEL ID

881451130

ASK ABOUT THIS PROPERTY

Zeke RotterSCOPEMore Info
215-302-4400

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Zeke RotterSCOPEMore Info
215-302-4400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.