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7092 Forrest Ave, 
Philadelphia, PA 19138

$1,450,000


12

Beds


Bath


6,454

Sq Ft


Multi-Family

Active

Listed by

Philip Sharrow

Joseph M. Loonstyn Jr.

Scope Commercial Real Estate Services, Inc.

Last updated:

September 1, 2025, 01:33 PM

MLS#

PAPH2531354

Source:

BRIGHTMLS

About This Home

7092 Forrest Ave

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 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

Home Facts

Multi-Family

12 Bedrooms

Built in 1925

Price Summary

1,450,000

$224 per Sq. Ft.

MLS #:

PAPH2531354

Last Updated:

September 1, 2025, 01:33 PM

Added:

6 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12


Structure

Structure

Building Area:

6,454 Sq. Ft.

Year Built:

1925


Lot

Lot Size (Sq. Ft):

13,068


Finances & Disclosures

Finances

Price:

$1,450,000

Price per Sq. Ft:

$224 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.

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