Duplex with Private Rear
For Sale
$569,800
1956 N 8TH STREET, Philadelphia, PA 19122
Two residential units feature in-unit laundry and adaptable floor plans across multiple levels.
Property Size2,415 SF
Days on Market170
Property Features for 1956 N 8TH STREET
General Information
Standard status
Active
Size
2,415 SF
Property subtype
Duplex
Site & Location
Neighborhood
North Philadelphia
Taxes and HOA fees
Annual Taxes
$1,760
Building Details
Building Size
2,415 SF
Year Built
2019
Listing Agency:
EXP Realty, LLC
Listed By:
Lay Gauv · License #RS340985
(267) 259-6034
Source:
Patmckennarealtors
Added: May 8
Changed: Oct 21
Last Checked: Oct 23 at 12:41PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 2019, this legal duplex contains two residential units with separate in-unit washers and dryers. The first residence spans the first floor and basement, offering 4 bedrooms, 3 full bathrooms, and access to a private rear yard. The second residence occupies the second and third floors and provides a flexible 4-5 bedroom arrangement with 2 full bathrooms.
A tax abatement is in place. The property is near Temple University, the regional rail line, public transportation, shopping, and dining, providing access to campus and surrounding neighborhood services.
A tax abatement is in place. The property is near Temple University, the regional rail line, public transportation, shopping, and dining, providing access to campus and surrounding neighborhood services.
Key Highlights
- Legal duplex with two residential units
- Built in 2019 with tax abatement in place
- First‑floor and basement unit includes 4 bedrooms and 3 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,212
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,240
$824.2K
Cap Rate 7%
$588,743
$588.7K
Cap Rate 9%
$457,911
$457.9K
Market Conditions
NOI Build-Up for 2,415 SF
Gross rent
$62.3K $25.80/SF
− Vacancy
−$3.4K −$1.42/SF
EGI
$58.9K $24.38/SF
− OpEx
−$17.7K −$7.31/SF
NOI
$41.2K $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%
$824,240
Cap Rate 7%
$588,743
Cap Rate 9%
$457,911
Alternative Uses
Best Use
Multifamily LT 5
$588.7K
$515.2K – $686.9K
NOI $41,212 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$542.7K
$474.8K – $633.1K
NOI $37,987 @ 7.0% cap · market cap 6.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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 residential units feature in-unit laundry and adaptable floor plans across multiple levels.
Where is this duplex located?
The property is located at 1956 N 8TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $569,800.
What are key features of this property?
This property features: Legal duplex with two residential units; Built in 2019 with tax abatement in place; First‑floor and basement unit includes 4 bedrooms and 3 full bathrooms
