7092 Forrest Avenue, Philadelphia, PA 19138-2000 $1,450,000

Interior Sq. Ft: 6,454
Acreage: 0.3
Age:100 years
Taxes: $9,734
Subdivision: West Oak Lane
Design/Type:
Other
Description
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 Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Baseboard - Hot Water Heating, Natural Gas, Window Unit(s) Cooling, Electric, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
On Street
Exterior
Masonry
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Public Elementary (95 schools)
Public Middle (19 schools)
Public High (32 schools)
Private (101 schools)
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This report is a detailed community overview for Philadelphia (19138), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 39
- Average salary of people in this community: $33,376
Community Summary
- Population Density (ppl / mile): 19,019
- Household Size (ppl): 2.69
- Households w/ Children: 58%
Housing Inventory
- Owned: 8,451 (60.7%)
- Rented: 3,387 (24.3%)
- Vacant: 2,077 (14.9%)
- Total: 13,915
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 3.0%
- Some High School: 9.8%
- High School Graduate: 38.7%
- Some College: 23.9%
- Associate Degree: 7.9%
- Bachelor's Degree: 11.8%
- Graduate Degree: 5.0%
Income by dollar range
Median Income: $41,105
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $629
- One Bedroom: $802
- Two Bedroom: $923
- Three Bedroom: $1,116
- Four Bedroom: $1,096
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Contact Information
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or call me now at 302-542-1967
Listing Courtesy of: Scope Commercial Real Estate Services, Inc. , (215) 302-4400
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Listing data as of 8/26/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.