Map of Property

7092 Forrest Ave

7092 Forrest Ave, Philadelphia, PA 19138

  • For Sale $1,450,000
  • Property Type Multi-Family
  • Property Size 12,996 SF
  • Units 12
  • Lot Size 0.15 Acre
  • Building Class C
  • Year Built 1925
  • Date Updated Jul 31, 2025
West Oak Lane Neighborhood of PhiladelphiaSCOPE Commercial Real Estate Services, LLC (“SCOPE”) is pleased to present the opportunity to acquire 7092 Forrest Avenue, a 12-unit multifamily 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 units are leased to PHA voucher tenants, and four units 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.
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Highlights

  • 12 Multifamily Units | One-bedroom, one-bathroom layouts with a strong mix of market-rate, PHA voucher, and master-leased units.
  • Low-Management Asset | Master lease structure and government-backed tenancy minimize collection risk and operational complexity.
  • Recent Capital Improvement | Roof was recently replaced, and common areas have been updated.
  • Reliable, Subsidy-Backed Income | Six PHA tenants and four units master-leased to 1260 Housing, a nonprofit that ensures consistent collections and simplified management.
  • Strong In-Place Cash Flow | Over a 7 Percent Cap Rate
  • Transit-Connected Northwest Location | Close to SEPTA rail (Sedgwick Station), multiple bus routes, and major thoroughfares including Route 309 and I-76, with access to retail, healthcare, and neighborhood amenities.

Contacts

broker
Zeke Rotter

SCOPE Commercial Real Estate Services

Location

Getting Around

  • Walk Score ®

    84/100 Very Walkable

  • Transit Score ®

    53/100 Good Transit

  • Bike Score ®

    58/100 Bikeable
Powered by Walk Score ®
  • City Philadelphia, PA
  • Neighborhood West Oak Lane
  • Zip Code 19138
  • Market Philadelphia

Points of Interest

  • Melrose Park

    1.32 miles

  • Mount Airy

    1.99 miles

  • Carpenter

    2.17 miles

  • Allen Lane

    2.21 miles

  • Logan

    2.31 miles

  • Upsal

    2.38 miles

  • Olney

    2.61 miles

  • Saint Martins

    2.70 miles

  • Lawndale

    2.79 miles

  • Queen Lane

    3.01 miles

  • Liberty

    0.10 miles

  • BP

    0.54 miles

  • Sunoco

    0.55 miles

  • Marathon

    0.70 miles

  • Lukoil

    0.78 miles

  • Shell

    1.16 miles

  • Wawa

    1.18 miles

  • Conoco

    1.20 miles

  • eVgo

    1.21 miles

  • ChargePoint

    1.39 miles

  • Lot 10

    0.76 miles

  • Lot 20

    0.98 miles

  • Einstein Emergency Room Parking

    1.92 miles

  • Willowcrest lot

    1.93 miles

  • Lot 3

    2.02 miles

  • Lot 2

    2.07 miles

  • Lot 1

    2.12 miles

  • Municipal Parking Lot

    2.18 miles

  • SEPTA lot

    2.18 miles

  • GFS

    2.24 miles

  • Rodeway Inn

    3.39 miles

  • Residence Inn

    4.55 miles

  • Chamounix Mansion

    4.66 miles

  • Courtyard Philadelphia City Avenue

    4.89 miles

  • Homewood Suites

    5.29 miles

  • Hilton Philadelphia City Avenue

    5.29 miles

  • Philly Inn & Suites

    5.46 miles

  • Hilton Garden Inn Philadelphia/Fort Washington

    5.53 miles

  • Hub Motel

    5.54 miles

  • Best Western Fort Washington Inn

    5.58 miles

  • Relish

    0.07 miles

  • China House

    0.10 miles

  • Little Caesars

    0.10 miles

  • McDonald's

    0.52 miles

  • Domino's

    0.53 miles

  • Checkers

    0.58 miles

  • KFC

    0.63 miles

  • Pizza Hut

    0.64 miles

  • Dunkin'

    0.68 miles

  • Crown Fried Chicken

    0.68 miles

  • Saint Athanasius School

    0.07 miles

  • Pennypacker School

    0.32 miles

  • Samuel Pennypacker Elementary School

    0.33 miles

  • William Rowen Elementary School

    0.41 miles

  • Philadelphia Center for Arts and Technology

    0.47 miles

  • West Oak Lane Charter School

    0.57 miles

  • Martin Luther King High School

    0.60 miles

  • Building 21 Philadelphia

    0.63 miles

  • The Westwood School

    0.64 miles

  • Community College of Philadelphia - Northwest Regional Center

    1.35 miles

  • Johnson Child Care Center

    0.86 miles

  • Little Lights of the World

    1.04 miles

  • Nest International Chirstian Academy

    1.05 miles

  • Johnson Child Care Center 2,

    1.33 miles

  • TLC TOO of the Northeast Community Center for MH/MR

    1.77 miles

  • Little Einsteins

    1.97 miles

  • Sacred Hearts Preschool

    2.09 miles

  • Personal Touch Child Care

    2.12 miles

  • Germantown Day School

    2.21 miles

  • Camelot Education

    2.34 miles

Frequently Asked Questions

How much does 7092 Forrest Ave cost?

The space currently listed for sale at 7092 Forrest Ave asks for $1,450,000.

What is the total square footage of 7092 Forrest Ave?

7092 Forrest Ave totals 12,996 square feet.

When was this property built?

7092 Forrest Ave was built in 1925.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Zeke Rotter

SCOPE Commercial Real Estate Services

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