#PAPH2398252, Gene Zilberman, Listing Office: Trinity Realty Services
$10,000
closing credit¹
1520 N 7th St Philadelphia, PA 19122
Property details
About 1520 N 7th St
Amazing investment opportunity. This modern, fully occupied 5-unit multi-family property, built in 2020, is situated in the highly sought-after Olde Kensington neighborhood of Philadelphia just steps from the Main Campus of Temple University as well as Fishtown and Northern Liberties. This property offers investors an excellent opportunity to acquire a turnkey asset with significant potential for rental growth and immediate rent increases. The property is also located within a Qualified Opportunity Zone, providing potential tax advantages for investors, and includes approximately five years remaining on a tax abatement. The unit mix includes two (2) 1-bedroom, 1.5-bathroom units, one (1) bi-level 2-bedroom, 2.5-bathroom unit, and two (2) bi-level 3-bedroom, 3-bathroom units, one with private backyard access. Don’t miss this rare opportunity to own a high-performing multi-family property in a rapidly developing area. Taxes, remaining abatement term and square footage are the responsibility of the buyer to have verified. Nine property portfolio, can be purchased individually or as a full / partial portfolio (2243 N. Broad St., 2207 N. Broad St., 1730 Ridge Ave., 1230 N Marshall St., 1520 N. 7th St., 1805 N. 6th St., 1917 N. 7th St., 2010 N. 8th St., 1540 W. Tioga St.).
Highlights
(ACTIVE)
Summary
- MLS Number: PAPH2433092
- MLS Name: BRIGHT
- Office Name: KW Empower
- Office Phone: (215) 627-3500
- Office Email: vicki@kwempower.com
- Listing Agent: Jim Onesti
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Last updated on: 2/2/2025, 2:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,550,000
1520 N 7th St
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Mar 08, 2018 | Home Sold | $329,500 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $765,900 | $2,144 |
2022 | $153,180 | $909 |
2021 | $- | $632 |
2020 | $45,200 | $632 |
2019 | $45,200 | $632 |
2018 | $45,200 | $632 |
2017 | $45,200 | $632 |
History based on county public records data.
Nearby schools
6
John Moffet Elementary School
Public District KG-5
0.6 mi
•127 W Oxford St
7
Horatio B. Hackett School
Public District KG-5
1.2 mi
•2161 E York St
2
Kipp North Philadelphia Charter School
Public Charter KG-6
1.3 mi
•2539 N 16th St
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 $19,651. Typical income of Philadelphia, PA residents is less than $<35k annually. Residents typically live in single, with kids family. Most residents in this area have high school diploma education.
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Frequently asked questions
About 1520 N 7th St
This home is located at 1520 N 7th St in Philadelphia, PA and zip code 19122 in the Lower North Philadelphia neighborhood. This 7,326 square foot home, which was built in 2019, sits on a 0.05 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since January 7, 2025 and is currently priced at $1,550,000.
While more than 152 listings in Philadelphia, PA in January 2025 were sold above asking price, there were more than 186 listings sold at asking price, and more than 457 were sold below. The number of listings in Philadelphia, PA increased by 3.5% between December and January 2025. While the average time on the market in January 2025 was 52 days, the median list price was $266,945.