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7092 Forrest Ave 7092 Forrest Ave 12 Unit Apartment Building $1,753,609 CAD ($146,134 CAD/Unit) 8.14% Cap Rate Philadelphia, PA 19138

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Investment Highlights

12 Multifamily Units | One-bedroom, one-bathroom layouts with a strong mix of market-rate, PHA voucher, and master-leased units.
Strong In-Place Cash Flow | Over 8 Percent Cap Rate
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
Low-Management Asset | Master lease structure and government-backed tenancy minimize collection risk and operational complexity.
Transit-Connected Northwest Location | Close to SEPTA rail (Sedgwick Station), multiple bus routes, and major thoroughfares including Route 309 and 76

Executive Summary

This 12-unit multifamily property offers a stable, income-producing investment with a strong mix of market-rate, PHA voucher, and master-leased units. Six units are occupied by PHA tenants, while four are master-leased to 1260 Housing, a nonprofit that ensures consistent rent collections. With a cap rate exceeding 7 percent, the asset delivers strong in-place cash flow and minimal management burden thanks to its subsidy-backed tenancy and lease structure. Recent capital improvements, including a new roof and updated common areas, enhance long-term value. Located in Northwest Philadelphia, the property is well-connected by SEPTA rail, multiple bus routes, and major highways including Route 309 and I-76.

Offering Memorandum

Property Facts Under Contract

Price	$1,753,609 CAD	Apartment Style	Low-Rise
Price Per Unit	$146,134 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.15 AC
Cap Rate	8.14%	Building Size	12,996 SF
No. Units	12	No. Stories	3
Property Type	Multifamily	Year Built	1925
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RSA5 - RSA-5 zoning is for residential single-family attached homes, like rowhouses. It allows for attached and semi-detached houses on individual lots.

Price	$1,753,609 CAD
Price Per Unit	$146,134 CAD
Sale Type	Investment
Cap Rate	8.14%
No. Units	12
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.15 AC
Building Size	12,996 SF
No. Stories	3
Year Built	1925
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RSA5 - RSA-5 zoning is for residential single-family attached homes, like rowhouses. It allows for attached and semi-detached houses on individual lots.