6,454 SqFt
6,454 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Under Contract
Purchase Type For Sale
Square Footage 6,454 sqft
Price per Sqft $201
Subdivision West Oak Lane
MLS Listing ID PAPH2531354
Style Other
Abv Grd Liv Area 6,454
Year Built 1925
Annual Tax Amount $9,734
Tax Year 2026
Lot Size 0.298 Acres
Acres 0.3
Property Sub-Type Other
Source BRIGHT
Property Description
This offering presents a stable, cash-flowing asset with a strong mix of voucher-backed income and master leased units. The building includes all 12 one-bedroom, one-bathroom units. Of these, two units are market rate, six are leased to PHA voucher tenants, and four are leased to 1260 Housing, a non-profit that pays rent under a master lease structure and subleases to qualified residents. This master lease provides consistent collections and streamlined management. Units 101 and 102 are in the process of getting rental increases with PHA to $1,250. The current average rent is $1,205. Ownership also replaced the roof this year, upgraded the common areas with new trim, paint, and carpeting, and maintained appliances as needed.
Located in West Oak Lane, 7092 Forrest Avenue offers residents a quiet, residential setting while remaining highly connected to the rest of the city. The property is within a 10-minute drive of SEPTA's Chestnut Hill East Regional Rail line (Sedgwick Station), providing a direct route to Center City Philadelphia. Multiple SEPTA bus routes, including the H, 6, and 18 lines, also service the area, while nearby corridors like Cheltenham Avenue, Stenton Avenue, and Lincoln Drive offer convenient access to retail, services, and major highways such as Route 309 and I-76. The surrounding neighborhood features a mix of tree-lined streets, local schools, shopping centers, and healthcare facilities, supporting strong long-term rental demand
Location
State PA
County Philadelphia
Area 19138 (19138)
Zoning RSA5
Interior
Hot Water Electric
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Above Ground Finished SqFt 6454
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881451130
Ownership Fee Simple
SqFt Source 6454
Acceptable Financing Cash, Conventional, Negotiable
Listing Terms Cash, Conventional, Negotiable
Financing Cash,Conventional,Negotiable
Special Listing Condition Standard
- 7
Cedarbrook Middle School
Public | 5 - 8
- 7
Glenside Elementary School
Public | KG - 4
- 6
Erdenheim Elementary School
Public | 2 - 5
- 6
Jenkintown Elementary School
Public | KG - 6
- 6
Wyncote Elementary School
Public | KG - 4
- 5
Myers Elementary School
Public | KG - 4
- 5
Eugenio Maria de Hostos Charter School
Public | KG - 8
- 5
Elkins Park School
Public | 5 - 6
- 5
Cheltenham Elementary School
Public | KG - 4
- 4
Emlen Elementary School
Public | KG - 5
- 4
John F. McCloskey School
Public | KG - 8
- 4
Mastery Charter School - Francis D. Pastorius Elemen
Public | KG - 8
- 4
Thomas K. Finletter Academics Plus School
Public | KG - 8
- 4
Grover Washington, Jr. Middle School
Public | 5 - 8
- 3
Charles W. Henry School
Public | KG - 8
- 3
Henry H. Houston Elementary School
Public | KG - 8
- 3
Imani Educationl Circle Charter School
Public | KG - 8
- 3
Fitler Academics Plus
Public | 1 - 8
- 3
William Rowen Elementary School
Public | KG - 5
- 3
Olney Elementary School
Public | KG - 8
- 9
Hill J E/Freedman Samson
Public | 6 - 9
- 8
Springfield Township Middle School
Public | 6 - 8
- 8
Jenkintown Middle / High School
Public | 7 - 12
- 4
Mastery Charter School-Pickett Campus
Public | 6 - 12
- 2
Anna Blakiston Day School
Public | EE - 8
- 1
Morris E. Leeds Middle School
Public | 6 - 8
- 1
General Louis Wagner Middle School
Public | 6 - 8
- 1
Feltonville School of Arts and Sciences
Public | 6 - 8
- 0
Wyncote Academy
Private | 6 - 12
- 0
Truebright Science Academy Charter School
Public | 7 - 12
- 9
Central High School
Public | 9 - 12
- 8
Springfield Township High School
Public | 9 - 12
- 6
Cheltenham High School
Public | 9 - 12
- 6
Girls High School
Public | 9 - 12
- 4
Parkway Northwest
Public | 9 - 12
- 1
Promise Academy at Martin Luther King High School
Public | 9 - 12
- 1
Act Academy Cyber Charter School
Public | 9 - 12
- 1
Imhotep Institute Chs
Public | 9 - 12
- 1
Delaware Valley Chs
Public | 9 - 12
- 1
Aspira Olney Charter High School
Public | 9 - 12
- 0
La Salle College High School
Private | 9 - 12
- 0
Hope Charter School
Public | 9 - 12
- 0
Bishop Mcdevitt High School
Private | 9 - 12
- 0
Cristo Rey Philadelphia High School
Private | 9 - 12
- 0
International Christian High School
Private | 9 - 12