1917 N 7TH ST, Philadelphia, PA 19122
1917 N 7TH ST, Philadelphia, PA 19122
1917 N 7TH ST, Philadelphia, PA 19122
1917 N 7TH ST, Philadelphia, PA 19122
1917 N 7TH ST, Philadelphia, PA 19122
1917 N 7TH ST, Philadelphia, PA 19122
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Gregory & Stephanie Ireland

Gregory & Stephanie Ireland

+1(202) 550-0018
Listed by ERIC Dvotsky • BHHS Fox & Roach-Center City Walnut
$ 1,540,000
Est. payment | /mo

2,500 Sqft Lot

Save
$ 1,540,000
Est. payment | /mo
Save

2,500 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2601440

Year Built 2018

Annual Tax Amount $1,295

Tax Year 2025

Lot Size 2,500 Sqft

Acres 0.06

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Philly CRE Advisors is pleased to present a strong, stabilized investment opportunity in one of Philadelphia's most active and rapidly transforming submarkets. Built in 2019, this modern six unit multifamily property combines durable new construction with reliable in place income, ideally positioned just steps from Temple University's main campus and minutes from the continued growth along North Broad Street, Fishtown, and Northern Liberties. The property is fully leased and professionally managed, offering a highly desirable unit mix that includes four two bedroom two bathroom units, one three bedroom three and a half bathroom unit, and one expansive four bedroom four bathroom residence with private backyard access. Each unit is thoughtfully designed with contemporary finishes, open concept layouts, and in unit laundry, catering to both Temple's student population and young professionals while supporting consistent occupancy and strong rental performance. Current rents remain below projected market levels, presenting a clear value add opportunity through lease turnover, renewals, and strategic rent increases. The asset currently generates approximately $140,580 in annual income with a projected pro forma of $145,800, all while maintaining an efficient expense ratio of approximately 23%. Additionally, there are approximately three years remaining on the original ten year tax abatement, providing meaningful near term expense savings and enhanced cash flow. From a broader market perspective, the location continues to benefit from Temple University's ongoing campus expansion, sustained redevelopment along the North Broad corridor, and the continued momentum of nearby Fishtown and Northern Liberties. This convergence has driven increased investor demand, rising rental rates, and long term appreciation across the surrounding neighborhoods. The property is also located within a Qualified Opportunity Zone, offering potential tax advantages for investors seeking to maximize after tax returns. As an added incentive, the offering includes one year of free property management, providing immediate operational support and increased net income for investors. Capitalize on this exceptional opportunity to acquire a turnkey, high-yield investment offering built-in management support and strong long-term growth potential.

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning RM1

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881075909

Ownership Fee Simple

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

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1917 N 7TH ST

Gregory & Stephanie Ireland

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(202) 550-0018

gregory@theirelandgroup.net

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