#PAPH2413454, Brandon Ribeiro, Listing Office: Keller Williams Liberty Place
1218 N 7th St Philadelphia, PA 19122
Property details
About 1218 N 7th St
This cash flowing three-unit property sits in the coveted 19122 zip code, just a short stroll away from the bustling shops, eateries, and coffee shops of Frankford Ave and Fishtown, and steps away from the Piazza and Northern Liberties. Unit #1 is a split-level unit with three bedrooms and three bathrooms, includes a large living space with rear yard, and is rented for $1831/month with a lease ending on 6/23/2025. Unit #2, a two-bedroom, one and a half-bathroom unit, featuring a large layout with wrap-around kitchen and rear deck, which is leased for $1500/month, through 8/26/2025. Unit #3 has two bedrooms and two bathrooms, plus exclusive access to a private roof deck offering spectacular cityscape views, rented for $1650/month with the lease expiring on 7/26/2025. The building, built in 2017, provides ownership with several options: keep it as a high cash flowing rental property, live in one unit while leasing the others, or transform the property into three condominiums for individual sale. Each unit has been well maintained since completing and features high ceilings, private outdoor areas, recessed lighting, intercom systems, and abundant natural light. The property still has about four years left on its tax abatement. 3D tours available in the video section, pro-forma available upon request.
Highlights
(ACTIVE)
Summary
- MLS Number: PAPH2410704
- MLS Name: BRIGHT
- Office Name: JBMP Group
- Office Phone: (267) 797-2175
- Office Email: info@jbmpgroup.com
- Listing Agent: Jonathan Beaulieu
- Agent Phone: (215) 967-2668
- Agent Email: jon@jbmpgroup.com
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Last updated on: 3/6/2025, 3:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$835,000
1218 N 7th St
$9,916
closing credit¹
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Price information
Property sales
Date | Event | Price |
---|---|---|
Mar 31, 2015 | Home Sold | $375,000 |
Oct 03, 2014 | Home Sold | $60,000 |
Mar 18, 2011 | Home Sold | $40,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $800,000 | $2,239 |
2022 | $238,320 | $2,725 |
2021 | $- | $2,725 |
2020 | $719,400 | $2,869 |
2019 | $635,500 | $2,668 |
2018 | $49,600 | $694 |
History based on county public records data.
Nearby schools
5
Francis Scott Key School
Public District KG-6
0.9 mi
•2230 S 8th St
7
Abram Stockton Jenks School
Public District KG-5
1.2 mi
•2501 S 13th St
3
Stephen Girard Elementary School
Public District KG-4
1.3 mi
•1800 Snyder Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,953. Most Philadelphia, PA residents have annual incomes less than $<35k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
Similar homes for sale
This home is located at 1218 N 7th St in Philadelphia, PA and zip code 19147 in the Passayunk Square neighborhood. This 3,315 square foot home, which was built in 2017, sits on a 0.05 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $835,000.
In February 2025 more than 154 listings in Philadelphia, PA were sold above the asking price. During the same period more than 166 listings were sold at asking price, while more than 396 were sold below. The number of listings in Philadelphia, PA increased by 10.7% between January and February 2025. The median list price of listings available in February 2025 was $268,469, while the average time on the real estate market was 59 days.