Philadelphia, PA 19138 7092 Forrest Avenue

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Presented By: Scope Commercial Real Estate Services, Inc.
  • MLS# PAPH2531354
  • 08/26/2025
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  • Beds • 12

Home Details

Presenting the opportunity to acquire 7092 Forrest Avenue, a 12-unit multi-family building located in the West Oak Lane neighborhood of Northwest Philadelphia. 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 SEPTAs 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
Presented By: Scope Commercial Real Estate Services, Inc.

Interior Features for 7092 Forrest Avenue

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceEstimated
Central Air Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric

General for 7092 Forrest Avenue

Acceptable FinancingCash, Conventional, Negotiable
AccessibilityNone
Architectural StyleOther
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingWindow Unit(s)
CountyPHILADELPHIA
DirectionsOne block from E Walnut Lane and Ogontz Avenue
Garage Y/NNo
HeatingBaseboard - Hot Water
Living Area6454
Lot Size Square Feet12996.00
Lot Size UnitsSquare Feet
MLS Area19138 (19138)
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total1
One Bedroom Units Count12
Other StructuresAbove Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9, Unit 10
OwnershipFee Simple
PossessionNegotiable, Settlement
Price Per Sq Ft Total AG201.43
Property SubtypeOther
Property TypeMulti-Family
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Structure TypeOther
Subdivision NameWEST OAK LANE
Tax Annual Amount9734.0
Tax Assessed Value695400.0
Tax Lot105
Tax Year2026
Total SQFT6454
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1925
Year Built SourceEstimated
ZoningRSA5

Exterior for 7092 Forrest Avenue

Land Assessed Value208620.00
Land Use CodeCA0
Lot Size Acres0.30
Lot Size SourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $1,300,000
MLS#PAPH2531354
List Date 08/26/2025
Property Type Contingent
Phone 703.929.4729
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