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7092 Forrest Ave 7092 Forrest Ave 12 Unit Apartment Building $1,300,000 ($108,333/Unit) 8.14% Cap Rate Philadelphia, PA 19138
INVESTMENT HIGHLIGHTS
- 12 Multifamily Units | One-bedroom, one-bathroom layouts with a strong mix of market-rate, PHA voucher, and master-leased units.
- Strong In-Place Cash Flow | Over 8 Percent Cap Rate
- Recent Capital Improvement | Roof was recently replaced, and common areas have been updated.
- Reliable, Subsidy-Backed Income | Six PHA tenants and four units master-leased to 1260 Housing, a nonprofit that ensures consistent collections
- Low-Management Asset | Master lease structure and government-backed tenancy minimize collection risk and operational complexity.
- Transit-Connected Northwest Location | Close to SEPTA rail (Sedgwick Station), multiple bus routes, and major thoroughfares including Route 309 and 76
EXECUTIVE SUMMARY
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.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS Under Contract
| Price | $1,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $108,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 8.14% | Building Size | 12,996 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RSA5 - RSA-5 zoning is for residential single-family attached homes, like rowhouses. It allows for attached and semi-detached houses on individual lots. | ||
| Price | $1,300,000 |
| Price Per Unit | $108,333 |
| Sale Type | Investment |
| Cap Rate | 8.14% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 12,996 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
| Zoning | RSA5 - RSA-5 zoning is for residential single-family attached homes, like rowhouses. It allows for attached and semi-detached houses on individual lots. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
- Tub/Shower
SITE AMENITIES
- Tenant Controlled HVAC
- Smoke Detector
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 881451130 | Improvements Assessment | $486,780 |
| Land Assessment | $208,620 | Total Assessment | $695,400 |
PROPERTY TAXES
Parcel Number
881451130
Land Assessment
$208,620
Improvements Assessment
$486,780
Total Assessment
$695,400
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