1956 N 8TH Street, Philadelphia, PA 19122
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- May 8, 2026
- Days on Market:
- 63
- Last Refresh:
- Jul 9 at 4:06 am
Property Features for 1956 N 8TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Active
- Size
- 2,415 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1760
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2019
- Number of units
- 2
Listing agent Lay Gauv License #RS340985 (267) 259-6034
Listing office EXP Realty, LLC 630 Freedom Business Ctr Drive unit: 300, Philadelphia, PA (888) 397-7352
Listing date May 8, 2026
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.
HighLights
- Legal duplex with existing tax abatement.
- Currently generating $4,600/month in rental income from two leased units.
- Leases in place through 7/31/2026.
- Each unit has its own in‑unit washer and dryer.
- Unit 1 features 4 bedrooms, 3 bathrooms, and private rear yard access.
- Conveniently located near Temple University and regional rail line.
Overview
The property has a tax abatement in place. Both units are currently leased at $2,300 per month each, and the leases expire on 7/31/2026. The building is located in close proximity to Temple University and the regional rail line, with convenient access to surrounding campus and transit options.
For buyers seeking a duplex with immediate rental occupancy, this setup provides two distinct living areas and the convenience of in-unit laundry for each unit. The private rear yard access tied to Unit 1 and the flexible bedroom arrangement in Unit 2 can support a range of tenant needs, while the current lease expiration date offers a clear timeline for planning after 7/31/2026.
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 | $62.3k | $25.80 |
| − Vacancy | −$3.4k | −$1.42 |
| EGI | $58.9k | $24.38 |
| − OpEx | −$17.7k | −$7.31 |
| NOI | $41.2k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.14769
- Latitude
- 39.98183
