New Construction Triplex with Roof
1413 North 8th Street Philadelphia, PA 19122
For Sale
$875,000
New construction triplex with modern interiors and a private roof deck accessible from the top unit.
Property Size3,200 SF
Price / SF$273.44
Days on Market122
Property Features for 1413 North 8th Street
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2026
Listing Agency:
Compass Florida, LLC
(215) 514-4789
Listed By:
Nicholas Keenan · License #3556560
(215) 514-4789
Source:
Compass
Added: Mar 24
Changed: Jul 22
Last Checked: Jul 22 at 11:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida, LLC
Investment Insights
Based on property information with market context.
1413 N 8th Street presents a one-of-a-kind, newly constructed triplex offering three units with modern open layouts and abundant natural light. Each unit includes quartz countertops and stainless steel appliances, along with designer lighting and plumbing fixtures. The top unit provides access to a private roof deck, offering unobstructed views of Center City.
The property is located blocks from Girard Ave and in the area of Olde Kensington, with nearby retail and dining corridors in Northern Liberties and Fishtown. The listing also notes proximity to one of the city’s newest pickleball and padel clubs.
Additional stated benefits include a 1-year builder warranty and a full 10-year tax abatement.
The property is located blocks from Girard Ave and in the area of Olde Kensington, with nearby retail and dining corridors in Northern Liberties and Fishtown. The listing also notes proximity to one of the city’s newest pickleball and padel clubs.
Additional stated benefits include a 1-year builder warranty and a full 10-year tax abatement.
Key Highlights
- New construction 3‑unit triplex built in 2026
- Modern interiors in each unit with quartz countertops and stainless steel appliances
- Designer lighting and plumbing fixtures with modern open layouts and abundant natural light
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 | $82.6k | $25.80 |
| − Vacancy | −$4.5k | −$1.42 |
| EGI | $78.0k | $24.38 |
| − OpEx | −$23.4k | −$7.31 |
| NOI | $54.6k | $17.06 |
3,200 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$780.1K
$682.6K – $910.1K
NOI $54,608 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$719.1K
$629.2K – $838.9K
NOI $50,334 @ 7.0% cap · market cap 5.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - New construction triplex with modern interiors and a private roof deck accessible from the top unit.
Where is this triplex located?
The property is located at 1413 North 8th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: New construction 3‑unit triplex built in 2026; Modern interiors in each unit with quartz countertops and stainless steel appliances; Designer lighting and plumbing fixtures with modern open layouts and abundant natural light
