Newer-Construction
For Sale
$649,000
1932 N 8TH STREET, Philadelphia, PA 19122
Two leased residential units offer modern finishes, private outdoor spaces, and distinct multi-level layouts.
Property Size2,732 SF
Days on Market133
Property Features for 1932 N 8TH STREET
General Information
Standard status
Active
Size
2,732 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
North Philadelphia
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,816
Building Details
Building Size
2,732 SF
Year Built
2022
Listing Agency:
Market Force Realty
Listed By:
Snyezhana Naymit · License #RS333987
(267) 515-3791
Source:
Patmckennarealtors
Added: Jun 14
Changed: Oct 21
Last Checked: Oct 23 at 1:07PM
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 Market Force Realty
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Investment Insights
Based on property information with market context.
Built in 2022 and completed in September, this duplex contains two residential units arranged across multiple levels. The lower unit includes 3 bedrooms, 2 full bathrooms, additional space for a potential third bathroom, and a private rear yard. The upper unit provides 3 bedrooms, 3 full bathrooms, and a private rooftop deck. Both residences feature contemporary finishes and separate outdoor areas.
The property is fully occupied, with both leases extending through July 2027. Approximately 6 years remain on the tax abatement. Located on N 8th St in Philadelphia, the duplex offers access to public transportation, Center City Philadelphia, and Temple University.
The property is fully occupied, with both leases extending through July 2027. Approximately 6 years remain on the tax abatement. Located on N 8th St in Philadelphia, the duplex offers access to public transportation, Center City Philadelphia, and Temple University.
Key Highlights
- Built in 2022; completed in September 2022
- Two fully occupied residential units leased through July 2027
- Lower unit: 3 bedrooms, 2 full bathrooms, and space for a third bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,621
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$932,420
$932.4K
Cap Rate 7%
$666,014
$666.0K
Cap Rate 9%
$518,011
$518.0K
Market Conditions
NOI Build-Up for 2,732 SF
Gross rent
$70.5K $25.80/SF
− Vacancy
−$3.9K −$1.42/SF
EGI
$66.6K $24.38/SF
− OpEx
−$20.0K −$7.31/SF
NOI
$46.6K $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%
$932,420
Cap Rate 7%
$666,014
Cap Rate 9%
$518,011
Alternative Uses
Best Use
Multifamily LT 5
$666.0K
$582.8K – $777.0K
NOI $46,621 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$613.9K
$537.2K – $716.2K
NOI $42,973 @ 7.0% cap · market cap 6.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,160
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased residential units offer modern finishes, private outdoor spaces, and distinct multi-level layouts.
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 $649,000.
What are key features of this property?
This property features: Built in 2022; completed in September 2022; Two fully occupied residential units leased through July 2027; Lower unit: 3 bedrooms, 2 full bathrooms, and space for a third bathroom
