Duplex with Private Roof
1944 North 8th Street Philadelphia, PA 19122
For Sale
$649,900
Fully occupied new-construction duplex with two bi-level units, modern interiors, in-unit laundry, and extensive outdoor living space.
Property Size2,838 SF
Price / SF$228
Days on Market80
Property Features for 1944 North 8th Street
General Information
- Standard status
- Active
- Size
- 2,838 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2019
Listing Agency:
JG Real Estate LLC
(215) 467-4100
Listed By:
Ariel L Morgenstein · License #AB067988
(215) 467-4100
Source:
Compass
Added: May 5
Changed: Jul 10
Last Checked: Jul 23 at 10:09AM
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
Investment Insights
Based on property information with market context.
1944 N 8th St offers a fully occupied, new-construction duplex configured as two separate bi-level homes. Unit #1 is a 3-bedroom, 3-bathroom layout with premium hardwood floors, recessed lighting, a modern kitchen with stainless steel appliances, in-unit laundry, and a large private rear yard. Unit #2 is a 3-bedroom, 3-bathroom bi-level with the same modern finishes, including hardwood floors, recessed lighting, and in-unit laundry, plus a kitchen with dark cabinetry and quartz countertops. The upper unit also includes a massive private roof deck spanning the full length of the building, providing dedicated outdoor space for everyday use and entertaining.
The property is located in Philadelphia and is described as within walking distance to Temple University. The listing indicates remaining years on a tax abatement program.
For investors or owner-occupants seeking a turnkey setup, the duplex provides two individually leased units with current rent roll in place and distinct living spaces. With durable, modern interior improvements and dedicated outdoor areas attached to each unit, the asset is positioned to appeal to tenants looking for comfort and privacy in a campus-adjacent setting.
The property is located in Philadelphia and is described as within walking distance to Temple University. The listing indicates remaining years on a tax abatement program.
For investors or owner-occupants seeking a turnkey setup, the duplex provides two individually leased units with current rent roll in place and distinct living spaces. With durable, modern interior improvements and dedicated outdoor areas attached to each unit, the asset is positioned to appeal to tenants looking for comfort and privacy in a campus-adjacent setting.
Key Highlights
- Fully occupied new‑construction duplex built in 2019 in Philadelphia
- Two separate bi‑level units totaling 6 bedrooms and 6 bathrooms
- Unit 1: 3BR/3BA bi‑level with a large private rear yard; rents for $2,095/month
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
FAQs
What type of property is this?
Duplex - Fully occupied new-construction duplex with two bi-level units, modern interiors, in-unit laundry, and extensive outdoor living space.
Where is this duplex located?
The property is located at 1944 North 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 new‑construction duplex built in 2019 in Philadelphia; Two separate bi‑level units totaling 6 bedrooms and 6 bathrooms; Unit 1: 3BR/3BA bi‑level with a large private rear yard; rents for $2,095/month
