New Construction Duplex with Roof
1944 N 8TH Street Philadelphia, PA 19122
1944 N 8TH Street, Philadelphia, PA, 19122
$649,900
For Sale
$649,900
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,838 SF
Lot Size0.02 Acres
Price / SF$228
Days on Market49
Property Features for 1944 N 8TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Gas, Refrigerator, Washer
- Standard status
- Active
- Size
- 2,838 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1822
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2019
- Number of units
- 2
- Building materials
- Brick
Listing agency
JG Real Estate LLC
(215) 467-4100
Listed by
Ariel L Morgenstein · License #AB067988
(215) 467-4100
Added: Jun 5 Updated: Jun 9 at 12:19PM Checked: Jul 23 at 8:06AM
MLS# PAPH2623628
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.
Investment Insights
Based on property information with market context.
This fully occupied new construction duplex offers two separate bi-level units under one roof. The property totals six bedrooms and six bathrooms across both units, with shared finishes that include hardwood flooring, recessed lighting, modern kitchens with stainless steel appliances, and in-unit laundry. Unit #1 is a three-bedroom, three-bath bi-level with a large private rear yard. Unit #2 is a three-bedroom, three-bath penthouse bi-level that includes a kitchen with dark cabinetry and quartz countertops, and modern bathrooms with tiled shower-tub combinations. A major amenity for the upper unit is a private roof deck that spans the full length of the building.
The duplex is located at 1944 N 8th St in Philadelphia, within walking distance to Temple University. The listing also notes remaining years on a tax abatement.
For investors or owner-occupants seeking a turnkey, campus-area rental setup, the two-unit configuration provides separate living spaces while maintaining consistent, contemporary interior updates. The presence of private outdoor areas with Unit #1’s rear yard and Unit #2’s roof deck can support tenant appeal, and the in-unit laundry and updated kitchens align with common renter expectations. With both units currently leased, this property is positioned for immediate rental use.
The duplex is located at 1944 N 8th St in Philadelphia, within walking distance to Temple University. The listing also notes remaining years on a tax abatement.
For investors or owner-occupants seeking a turnkey, campus-area rental setup, the two-unit configuration provides separate living spaces while maintaining consistent, contemporary interior updates. The presence of private outdoor areas with Unit #1’s rear yard and Unit #2’s roof deck can support tenant appeal, and the in-unit laundry and updated kitchens align with common renter expectations. With both units currently leased, this property is positioned for immediate rental use.
Key Highlights
- Fully occupied duplex at 1944 N 8th St with two separate bi‑level units totaling 6 bedrooms and 6 bathrooms
- Unit #1 is a 3BD/3BA bi‑level with a private rear yard and rents for $2,095/month
- Unit #2 is a 3BD/3BA bi‑level penthouse with a massive private roof deck and rents for $2,123/month
Local 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 | $73.2k | $25.80 |
| − Vacancy | −$4.0k | −$1.42 |
| EGI | $69.2k | $24.38 |
| − OpEx | −$20.8k | −$7.31 |
| NOI | $48.4k | $17.06 |
2,838 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$691.9K
$605.4K – $807.2K
NOI $48,430 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$637.7K
$558.0K – $744.0K
NOI $44,640 @ 7.0% cap · market cap 6.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully occupied duplex with two bi-level units, in-unit laundry, and private outdoor space for tenants.
Where is this duplex located?
The property is located at 1944 N 8TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Fully occupied duplex at 1944 N 8th St with two separate bi‑level units totaling 6 bedrooms and 6 bathrooms; Unit #1 is a 3BD/3BA bi‑level with a private rear yard and rents for $2,095/month; Unit #2 is a 3BD/3BA bi‑level penthouse with a massive private roof deck and rents for $2,123/month
