Triplex with Updated
For Sale
$499,900
1818 S 8TH STREET, Philadelphia, PA 19148
Three floors offer separate rental residences, with recent improvements on the upper levels.
Property Size2,400 SF
Days on Market18
Property Features for 1818 S 8TH STREET
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Triplex
Financials
Asking Price
$499,000
Gross Income
$38,400
Site & Location
Neighborhood
East Passyunk Crossing
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,537
Building Details
Building Size
2,400 SF
Year Built
1915
Listing Agency:
BY Real Estate
Listed By:
jinwei zheng · License #Ab069171
(267) 231-8649
Source:
Patmckennarealtors
Added: Oct 7
Changed: Oct 20
Last Checked: Oct 23 at 4:39PM
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 BY Real Estate
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Investment Insights
Based on property information with market context.
This three-unit residential property was built in 1915. The second-floor residence has undergone recent renovation, and the third-floor bathroom has also been updated. The property is located in South Philadelphia.
All three residences are occupied by tenants who are currently paying rent.
All three residences are occupied by tenants who are currently paying rent.
Key Highlights
- Three‑unit property built in 1915
- Recent renovation to the second‑floor residence
- Updated bathroom in the third‑floor residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,956
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,120
$819.1K
Cap Rate 7%
$585,086
$585.1K
Cap Rate 9%
$455,067
$455.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$61.9K $25.80/SF
− Vacancy
−$3.4K −$1.42/SF
EGI
$58.5K $24.38/SF
− OpEx
−$17.6K −$7.31/SF
NOI
$41.0K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,120
Cap Rate 7%
$585,086
Cap Rate 9%
$455,067
Alternative Uses
Best Use
Multifamily LT 5
$585.1K
$512.0K – $682.6K
NOI $40,956 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$539.3K
$471.9K – $629.2K
NOI $37,751 @ 7.0% cap · market cap 7.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,862
Businesses Nearby
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Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three floors offer separate rental residences, with recent improvements on the upper levels.
Where is this triplex located?
The property is located at 1818 S 8TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Three‑unit property built in 1915; Recent renovation to the second‑floor residence; Updated bathroom in the third‑floor residence
