Two-Unit Duplex with Rooftop
For Sale
$649,000
1932 N 8TH Street, Philadelphia, PA 19122
Multi-Family, PHILADELPHIA, PA
Property Size2,732 SF
Lot Size0.02 Acres
Price / SF$237.55
Days on Market139
Property Features for 1932 N 8TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
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
Amenities
private rear yard
private rooftop deck
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
Changed: Oct 10
Last Checked: Oct 30 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
Completed in September 2022, this 2,732-square-foot duplex contains two residences, each arranged across two levels. The lower unit includes 3 bedrooms, 2 full bathrooms, additional space for a potential third bathroom, and a private rear yard. The upper residence offers 3 bedrooms, 3 full bathrooms, and its own rooftop deck. Both units feature contemporary finishes, central air, and forced-air heating.
The property is fully leased, with both residences occupied through July 2027. On-street parking serves the property, while public transportation, Center City Philadelphia, and Temple University are identified in the surrounding area. Approximately 6 years remain on the tax abatement.
The property is fully leased, with both residences occupied through July 2027. On-street parking serves the property, while public transportation, Center City Philadelphia, and Temple University are identified in the surrounding area. Approximately 6 years remain on the tax abatement.
Key Highlights
- 2,732‑square‑foot duplex completed in September 2022
- Two residences, each configured across two levels
- Lower unit: 3 bedrooms, 2 full bathrooms, rear yard, 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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,160
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
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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?
Duplex - Contemporary duplex with two separately configured residences, private outdoor areas, and full occupancy through July 2027.
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: 2,732‑square‑foot duplex completed in September 2022; Two residences, each configured across two levels; Lower unit: 3 bedrooms, 2 full bathrooms, rear yard, and space for a third bathroom
