1212 N 7th St, Philadelphia, PA 19122
Multi-Unit for Sale: North Philadelphia
Buyer agent compensation: 2.5%
Quadruplex, 3,420 SQFT, $775,000
Well maintained Four-Unit property in Olde Kensington
Well-Maintained 4-Unit Multi-Family in Old Kensington | Vacant Owner-Occupant Unit | Strong Upside
Fantastic opportunity to own a tastefully renovated and well-maintained quadraplex in one of Philadelphia’s fastest-growing neighborhoods. This property features four units and currently generates strong income, with the added bonus that the 1st-floor bi-level rear 2-bedroom unit is now vacant, making this an ideal opportunity for an owner-occupant or investor.
The building offers a desirable unit mix including: a charming first-floor studio with a lofted sleeping area, a spacious bi-level 2-bedroom unit spanning the 1st and 2nd floors with direct backyard access from the kitchen (now vacant), a second-floor front 1-bedroom unit, and an additional bi-level 2-bedroom unit spanning the 2nd and 3rd floors. A coin-operated laundry room with washer and dryer is conveniently located on the second floor, providing added tenant convenience and additional income potential.
All other units are currently tenant occupied with leases in place, and rents are below market value, leaving excellent room for future upside. Tenants are happy and looking to stay, offering stability for the next owner.
For buyers considering living in the property, owner-occupancy offers major advantages, including the ability to secure lower interest rates, access special loan programs, and potentially benefit from lower down payment options compared to traditional investment financing. Best of all, the rental income from the other units can help offset monthly expenses and assist in paying down the mortgage, while still enjoying the pride of ownership and the freedom to improve and manage the property the way you want.
The surrounding area continues to see tremendous development with new construction townhomes, multi-unit buildings, and an expanding mix of shops and restaurants, including the newly opened destination at 7th & Girard Avenue. The U.S. Post Office is just steps away, and Northern Liberties is right across Girard, offering even more dining, shopping, and entertainment. Conveniently located near public transportation and neighborhood amenities, this property sits at the heart of a vibrant and rapidly developing community.
Don’t miss this opportunity, schedule your showing today!
