1917 N 7TH STREET

PHILADELPHIA, PA 19122

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, just steps from Temple University’s main campus and minutes from the expanding energy of North Broad Street, Fishtown, and Northern Liberties. The property is fully leased and professionally managed, featuring a highly desirable unit mix: four (4) 2-bedroom, 2-bath units, one (1) 3-bedroom, 3.5-bath unit, and one (1) spacious 4-bedroom, 4-bath residence with private backyard access. All units offer contemporary finishes, in-unit laundry, and open-concept layouts designed to cater to both Temple’s student population and young professionals, supporting consistent occupancy and strong in-place cash flow. With current rents below projected market levels, there is clear upside through lease turnover, renewals, and strategic rent increases. Financially, the asset presents a compelling profile with in-place income of approximately $140,580 and a pro forma projection of $145,800, while maintaining a low expense ratio of roughly 23%. Approximately 3 years remain on the original 10-year tax abatement, which began in 2019, providing continued near-term expense relief and enhancing cash flow over the remaining abatement period. From a macro perspective, the location continues to benefit from Temple University’s ongoing campus investment, steady redevelopment along the North Broad corridor, and the continued northward momentum of Fishtown and Northern Liberties. This convergence has driven increased investor demand, rising rental rates, and long-term appreciation across the surrounding neighborhoods. Additionally, the property’s placement within a Qualified Opportunity Zone offers potential tax advantages for investors seeking to maximize after-tax returns. Whether acquired as a standalone investment or as part of a larger portfolio, this is a rare opportunity to secure a newer-construction, income-producing asset with immediate stability and long-term upside in one of Philadelphia’s most dynamic growth corridors.

Listing courtesy of BHHS Fox & Roach-Center City Walnut



The real estate listing information is 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 consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.