1418 S 8TH Street, Philadelphia, PA 19147
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- May 15, 2026
- Days on Market:
- 44
- Last Refresh:
- Jun 27 at 12:06 pm
Property Features for 1418 S 8TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street, Assigned
- Interior features
- Bathroom - Tub Shower, Floor Plan - Open, Kitchen - Eat-In
- Appliances
- Dryer, Oven/Range - Electric, Range Hood, Refrigerator, Stainless Steel Appliances, Washer
- Standard status
- Active
- Size
- 1,400 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4503
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1921
- Number of units
- 2
- Building materials
- Masonry
Listing agent Ariel L Morgenstein License #AB067988 (215) 467-4100
Listing office JG Real Estate LLC 1028 N 3rd Street, Philadelphia, PA (215) 467-4100
Listing date May 15, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Desirable 19147 location near the Italian Market, South Street, and historic landmarks.
- Duplex property offers investment potential or owner‑occupancy with rental income.
- Second unit features 2 bedrooms, private deck, central A/C, in‑unit laundry, and modern finishes.
- First unit is a 1 bedroom with stainless steel appliances and in‑unit laundry.
- Both units are currently occupied.
- Proximity to green spaces like Washington Square and Penn's Landing.
Overview
The second unit is bi-level, with 2 bedrooms and 1 bathroom. It features espresso hardwood floors, bright natural light, a private deck, central A/C, in-unit laundry, and modern finishes throughout. The first level offers spacious living and dining areas, a generous kitchen, and laundry, while a large private balcony sits at the rear. Upstairs, there are two bedrooms positioned at opposite ends with a bathroom between.
With one unit on the ground floor and a larger bi-level arrangement above, the property can suit a range of ownership goals, from steady rental income to living in one unit while collecting rent from the other. Its established occupancy supports those looking to avoid immediate leasing work, with convenient access to the city’s Old City area attractions.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.1k | $25.80 |
| − Vacancy | −$2.0k | −$1.42 |
| EGI | $34.1k | $24.38 |
| − OpEx | −$10.2k | −$7.31 |
| NOI | $23.9k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.15813
- Latitude
- 39.93118
