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$875,000

Beds
5
Baths
6.5
sq ft
3,204

1328 N 7th St, Philadelphia, PA 19122

1328 N 7th St

PHILADELPHIA, PA 19122

  • 2 days on market
This newly constructed triplex at 1328 N 7th St offers the perfect opportunity for investors or owner-occupants looking to live in one unit while generating rental income from the other two. This property was built in 2018 with top-of-the-line finishes, including premium bamboo floors, high ceilings, and outdoor spaces for each unit. The property features three spacious units: Unit 1 is a 3-bedroom, 2.5-bath bi-level layout with two outdoor patios, currently rented for $1,990 with room for increase. Unit 2 is a 2-bedroom, 2-bath unit with a large deck and is currently vacant, ready for immediate occupancy. Unit 3 is a 2-bedroom, 2-bath unit with a private roof deck offering stunning skyline views, currently rented for $1,869 with room for increase. Located within walking distance to Northern Liberties and Fishtown, with easy access to I-95 and Broad St, this property is ideally situated in one of Philadelphia’s most rapidly developing neighborhoods. With 4 years remaining on the tax abatement and located in an Opportunity Zone, this triplex offers unmatched flexibility. Whether you choose to live in one unit and rent the others, hold it as a rental property, or convert even it to condos for resale, the potential is undeniable. Don’t miss your chance to secure a valuable asset in one of Philly’s hottest markets—schedule your tour today!

Details

Property type

Est. home value

$834,071

Lot size

1,360 sq ft

Price per sq ft

$274

Year built

2018

Annual property taxes

$3,219

HOA

No

Price History

01/20/2025
Bright

Bright #PAPH2437058

Listed
$875,000
+5.42%
08/04/2023
Bright

Bright #PAPH2225698

Sold
$830,000
+1744.44%
10/16/2014
Bright

Bright #1003102226

Sold
$45,000

Schools & Community

Neighborhood: 

Ludlow

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

PHILADELPHIA CITY

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$192,105
Asking price
$875,000
Closing costs (~8% of asking)
-$70,000
Est. remaining loan balance
-$612,895
Cash to seller
$192,105

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

July 2023

Original loan amount

$622,500

Est. remaining balance

$612,895

Interest rate

6.71%

Loan type

New Conventional, 30 year

Seller

Roman Moldavsky and Lilya Nudel Dekhtyarev

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/22/2025 at 8:45 AM

Listing updated: 01/21/2025 at 7:19 PM

Listed by: Brandon Ribeiro, Keller Williams Liberty Place Phone #: (609) 399-5454

MLS: Bright #PAPH2437058

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