Legal Duplex with Private
1956 North 8th Street Philadelphia, PA 19122
For Sale
$599,900
Two-leasing duplex features in-unit washers and dryers, with Unit 1 offering a private rear-yard access.
Property Size2,415 SF
Price / SF$248.41
Days on Market79
Property Features for 1956 North 8th Street
General Information
- Standard status
- Active
- Size
- 2,415 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2019
Listing Agency:
EXP Realty, LLC
(267) 259-6034
Listed By:
Lay Gauv · License #RS340985
(267) 259-6034
Source:
Compass
Added: May 7
Changed: Jul 22
Last Checked: Jul 23 at 11:17AM
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
Investment Insights
Based on property information with market context.
This legal duplex contains two residential units, each equipped with an in-unit washer and dryer. Unit 1 is configured across the first-floor and basement levels, offering four bedrooms and three full bathrooms, with access to a private rear yard. Unit 2 spans the second and third floors and includes four to five bedrooms with two full bathrooms, providing a flexible room layout.
The property is located in close proximity to Temple University and the regional rail line, with convenience to public transportation, shopping, and dining.
Both units are currently leased and lease terms expire 7/31/2026. The property also notes a tax abatement is in place.
The property is located in close proximity to Temple University and the regional rail line, with convenience to public transportation, shopping, and dining.
Both units are currently leased and lease terms expire 7/31/2026. The property also notes a tax abatement is in place.
Key Highlights
- Legal duplex built in 2019 with two residential units.
- Both units are currently leased at $2,300/month each; leases expire 7/31/2026.
- Each unit includes in‑unit washer and dryer.
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 |
2,415 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$588.7K
$515.2K – $686.9K
NOI $41,212 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$542.7K
$474.8K – $633.1K
NOI $37,987 @ 7.0% cap · market cap 6.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-leasing duplex features in-unit washers and dryers, with Unit 1 offering a private rear-yard access.
Where is this duplex located?
The property is located at 1956 North 8th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Legal duplex built in 2019 with two residential units.; Both units are currently leased at $2,300/month each; leases expire 7/31/2026.; Each unit includes in‑unit washer and dryer.
