Duplex with Private Rooftop
For Sale
$689,000
1932 N 8TH Street, Philadelphia, PA 19122
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,732 SF
Lot Size0.02 Acres
Price / SF$252.20
Days on Market48
Property Features for 1932 N 8TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,732 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1816
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2022
Number of units
2
Listing Agency:
Market Force Realty
(866) 993-8585
Listed By:
Snyezhana Naymit · License #RS333987
(267) 515-3791
Added: Jun 14
Last Checked: Jul 31 at 12:06AM
MLS# PAPH2635988
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.
Investment Insights
Based on property information with market context.
This newly constructed duplex was completed in September 2022 and offers two separate two-level units. The first-floor unit includes three bedrooms and two full bathrooms, with additional space available to create a third bathroom, along with access to a private rear yard. The second-floor unit also spans two levels and features three bedrooms and three full bathrooms, plus access to a private rooftop deck. Both units are finished with contemporary interiors and layouts designed for long-term rental appeal, and the property is fully leased.
The asset is located in Philadelphia and is described as convenient to public transportation, Center City Philadelphia, and Temple University.
For buyers seeking a turn-key income property, this duplex provides immediate occupancy with both units leased through July 2027. The offering also notes approximately six years remaining on the tax abatement, which may be a meaningful consideration for an owner evaluating net operating profile at the time of purchase.
The asset is located in Philadelphia and is described as convenient to public transportation, Center City Philadelphia, and Temple University.
For buyers seeking a turn-key income property, this duplex provides immediate occupancy with both units leased through July 2027. The offering also notes approximately six years remaining on the tax abatement, which may be a meaningful consideration for an owner evaluating net operating profile at the time of purchase.
Key Highlights
- Newer‑construction duplex completed in September 2022 (approx. 6 years remaining on tax abatement)
- Fully occupied: both units leased through July 2027 for immediate, stable rental income
- First‑floor unit: 3 bedrooms, 2 full bathrooms plus additional space for a third bathroom, and a private rear yard
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 | $70.5k | $25.80 |
| − Vacancy | −$3.9k | −$1.42 |
| EGI | $66.6k | $24.38 |
| − OpEx | −$20.0k | −$7.31 |
| NOI | $46.6k | $17.06 |
2,732 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$666.0K
$582.8K – $777.0K
NOI $46,621 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$613.9K
$537.2K – $716.2K
NOI $42,973 @ 7.0% cap · market cap 6.24%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,796
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Newly constructed duplex completed in 2022 with rooftop deck and private yards; remaining tax abatement benefits.
Where is this duplex located?
The property is located at 1932 N 8TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Newer‑construction duplex completed in September 2022 (approx. 6 years remaining on tax abatement); Fully occupied: both units leased through July 2027 for immediate, stable rental income; First‑floor unit: 3 bedrooms, 2 full bathrooms plus additional space for a third bathroom, and a private rear yard
