Turnkey 4-Unit Multifamily with
For Sale
$1,070,000
2010 N 8TH STREET, Philadelphia, PA 19122
MULTI_FAMILY - PHILADELPHIA, PA
Property Size3,768 SF
Price / SF$283.97
Days on Market95
Property Features for 2010 N 8TH STREET
General Information
Property type
Residential Multi Family
Property subtype
Townhouse
Standard status
Active
Size
3,768 SF
Building Details
Year built
2020
Listing Agency:
BHHS Fox & Roach Center City-Society Hill · Berkshire Hathaway HomeServices
(215) 627-6005
Listed By:
Philly Home Advisors
(267) 326-1272
Added: Apr 27
Changed: Jul 23
Last Checked: Jul 30 at 10:06PM
MLS# PAPH2611078
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.
Built in 2021, this turnkey four-unit multifamily property is configured as two duplex buildings on a single parcel. Each unit is described as an oversized three-bedroom, three-bath layout, and both structures provide access to a private backyard. The buildings sit together on the same site, offering flexibility for a future subdivision as described in the marketing materials.
The property is positioned just minutes from Temple University and is described as being within convenient access to Northern Liberties and Fishtown. All four units are currently leased to PHA tenants, providing in-place, government-backed rental income. The listing notes a 10-year tax abatement with approximately 5 1/2 years remaining.
In-place rents are listed as $2,300 for Unit 1, $2,038 for Unit 2, $2,300 for Unit 3, and $1,970 for Unit 4. Based on the provided figures, the listing reports a 1.38 DSCR, an 8.05 percent cap rate, and an 8.86 percent cash-on-cash return, with potential for additional performance through lease renewals and future rent increases.
The property is positioned just minutes from Temple University and is described as being within convenient access to Northern Liberties and Fishtown. All four units are currently leased to PHA tenants, providing in-place, government-backed rental income. The listing notes a 10-year tax abatement with approximately 5 1/2 years remaining.
In-place rents are listed as $2,300 for Unit 1, $2,038 for Unit 2, $2,300 for Unit 3, and $1,970 for Unit 4. Based on the provided figures, the listing reports a 1.38 DSCR, an 8.05 percent cap rate, and an 8.86 percent cash-on-cash return, with potential for additional performance through lease renewals and future rent increases.
Key Highlights
- Four‑unit multifamily configured as two duplex buildings on a single parcel, with access to a private backyard
- Each unit is leased to PHA tenants for government‑backed, in‑place rental income
- In‑place rents: Unit 1 $2,300; Unit 2 $2,038; Unit 3 $2,300; Unit 4 $1,970
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 | $97.2k | $25.80 |
| − Vacancy | −$5.4k | −$1.42 |
| EGI | $91.9k | $24.38 |
| − OpEx | −$27.6k | −$7.31 |
| NOI | $64.3k | $17.06 |
3,768 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$918.6K
$803.8K – $1.07M
NOI $64,301 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$846.7K
$740.9K – $987.8K
NOI $59,269 @ 7.0% cap · market cap 5.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,160
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four 3-bedroom, 3-bath units in two duplex buildings built in 2021 with private backyard access.
Where is this quadplex located?
The property is located at 2010 N 8TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,070,000.
What are key features of this property?
This property features: Four‑unit multifamily configured as two duplex buildings on a single parcel, with access to a private backyard; Each unit is leased to PHA tenants for government‑backed, in‑place rental income; In‑place rents: Unit 1 $2,300; Unit 2 $2,038; Unit 3 $2,300; Unit 4 $1,970
