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1218 N 7TH StreetPhiladelphia, PA 19122

For Sale

$835,000

Smart Buyer Rebate $8,350

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.

Listed by Jonathan Beaulieu

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License #RS340996

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JBMP Group

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2159672668

Last updated July 16, 2025

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Source: BrightMLS #PAPH2410704

Listing Facts

  • TypeMulti-family
  • NeighborhoodLudlow
  • Days on Prevu327
  • Taxes$2,361/year
  • Size3,315 sqft
  • Price per sqft$252

Location

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Listing History

10/16/2024
Listed by JBMP Group
$835,000

Property Details for 1218 N 7TH Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 3
  • Year Built: 2017
  • Architectural Style: Other
  • Construction Materials: Masonry

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.05
  • Lot Size Dimensions: 25
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 2,071
  • Lot Size Units: Square Feet

Financial

Taxes

  • Tax Annual Amount: $2,361.00
  • Tax Year: 2025

Interior

Features

  • Fireplace: No

Measurements

  • Living Area: 3,315
  • Living Area Source: Assessor

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Central A/C
  • Heating: Other
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.