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
Mortgage Calculator
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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