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Philadelphia Duplex in Prime Location

1418 South 8th Street, Philadelphia, PA 19147

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For Sale

$474,900

Well-maintained duplex in desirable 19147, ideal for investors or owner-occupants.

Type:Multi-Family / Fee Simple

Property size:

1,400 SF

Price / SF:

$339/SF

HighLights

Desirable location in the 19147 zip code, close to the Italian Market, South Street, and historic landmarks.
Duplex property offers investment potential with two units, both currently occupied.
Second unit features bi‑level layout, 2 bedrooms, private deck, central A/C, in‑unit laundry, and modern finishes.
First unit features stainless steel appliances, in‑unit laundry, and an open layout.
Proximity to green spaces like Washington Square and Penn's Landing.
Both units offer ample storage space.

We can help!

Listing Contact

Ariel L Morgenstein

Learn more

For Sale

$474,900

Well-maintained duplex in desirable 19147, ideal for investors or owner-occupants.

Type:Multi-Family / Fee Simple

Property size:

1,400 SF

Price / SF:

$339/SF

Added:: May 14, 2026
Days on Market:: 31
Last Refresh:: May 15 at 10:11 pm

Property Features for 1418 South 8th Street

General Information

Standard status: Active
Size: 1,400 SF
Property subtype: Multi-Family / Fee Simple

Building Details

Year Built: 1920

We can help!

Listing Contact

Ariel L Morgenstein

Listing agent Ariel L Morgenstein License #AB067988

Listing office JG Real Estate LLC

Listing date May 14, 2026

Source Compass

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 JG Real Estate LLC

HighLights

Desirable location in the 19147 zip code, close to the Italian Market, South Street, and historic landmarks.
Duplex property offers investment potential with two units, both currently occupied.
Second unit features bi‑level layout, 2 bedrooms, private deck, central A/C, in‑unit laundry, and modern finishes.
First unit features stainless steel appliances, in‑unit laundry, and an open layout.
Proximity to green spaces like Washington Square and Penn's Landing.
Both units offer ample storage space.

Overview

Located in the highly desirable 19147 area, the property at 1418 S 8th Street is a 1400 square foot duplex presenting an opportunity for investors and owner-occupants. The property is fully occupied. The first-floor unit features one bedroom and one bathroom with an open layout. The kitchen includes stainless steel appliances, textured laminate flooring, a front-facing window, and a bar. The dining and living area are connected, featuring wall-to-wall carpeting, track lighting, and a closet with a stacked washer and dryer. The bathroom and bedroom are located at the rear of the unit and offer storage space. The second unit is bi-level, featuring two bedrooms and one bathroom. It includes hardwood floors, natural light, a private deck, storage space, central air conditioning, in-unit laundry, and modern finishes. The first level offers living and dining space, a kitchen, and laundry facilities. A large private balcony is located at the rear. Upstairs, two bedrooms are situated on opposite ends with a bathroom in between. The property is within walking distance of the Italian Market, South Street, and Philadelphia's Magic Gardens. It also provides access to historic landmarks such as the Liberty Bell and Independence Hall, as well as green spaces like Washington Square and Penn's Landing.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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

1,400 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$341.3K

$298.6K – $398.2K (±1% cap)

NOI $23,891 @ 7.0% cap · market cap 5.03%

Second Best

Apartment 5plus

$314.6K

$275.3K – $367.0K (±1% cap)

NOI $22,021 @ 7.0% cap · market cap 4.64%

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.158134
Latitude: 39.931187

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For sale
Duplexes
PA
Philadelphia
19147
1418 South 8th Street

What type of property is this?

Duplex - Well-maintained duplex in desirable 19147, ideal for investors or owner-occupants.

Where is this duplex located?

The property is located at 1418 South 8th Street Philadelphia, PA.

What is the asking price?

The asking price for this property is $474,900.

What are key features of this property?

This property features: Desirable location in the 19147 zip code, close to the Italian Market, South Street, and historic landmarks.; Duplex property offers investment potential with two units, both currently occupied.; Second unit features bi‑level layout, **2 bedrooms, private deck, central A/C, in‑unit laundry, and modern finishes.**