Turnkey Multifamily
For Sale
$565,000
2026 N 8TH STREET, Philadelphia, PA 19122
Fully renovated multifamily property with 6 bedrooms and 6 bathrooms, featuring central air and in-unit laundry.
Property Size2,022 SF
Days on Market62
Property Features for 2026 N 8TH STREET
General Information
Standard status
Active
Size
2,022 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,684
Building Details
Building Size
2,022 SF
Year Built
1915
Listing Agency:
Coldwell Banker Realty
Listed By:
Kristie L Bergey · License #AB068769
(215) 783-3434
Source:
Patmckennarealtors
Added: Jul 17
Changed: Sep 11
Last Checked: Sep 15 at 11:14AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This fully renovated multifamily investment property is presented as turnkey for immediate occupancy. The layout provides 6 bedrooms and 6 bathrooms, with an open-concept approach and contemporary interior finishes throughout. Kitchens are designed with stainless steel appliances, and the property includes central air conditioning and in-unit laundry.
The home is located near Temple University, with convenient access to Temple Regional Rail Station and SEPTA transit, as well as nearby shopping and dining options.
Offered in a for-sale transaction, the property includes an assumable loan with a stated 2.5% interest rate, subject to lender approval and buyer qualification. The combination of updated living spaces and assumable financing may be attractive to qualified purchasers seeking a modern income-producing asset.
The home is located near Temple University, with convenient access to Temple Regional Rail Station and SEPTA transit, as well as nearby shopping and dining options.
Offered in a for-sale transaction, the property includes an assumable loan with a stated 2.5% interest rate, subject to lender approval and buyer qualification. The combination of updated living spaces and assumable financing may be attractive to qualified purchasers seeking a modern income-producing asset.
Key Highlights
- Fully renovated multifamily property with 6 bedrooms and 6 bathrooms
- Assumable loan with a 2.5% interest rate (subject to lender approval and buyer qualification)
- Modern kitchens with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,505
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$690,100
$690.1K
Cap Rate 7%
$492,929
$492.9K
Cap Rate 9%
$383,389
$383.4K
Market Conditions
NOI Build-Up for 2,022 SF
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.
Gross rent
$52.2K $25.80/SF
− Vacancy
−$2.9K −$1.42/SF
EGI
$49.3K $24.38/SF
− OpEx
−$14.8K −$7.31/SF
NOI
$34.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$690,100
Cap Rate 7%
$492,929
Cap Rate 9%
$383,389
Alternative Uses
Best Use
Multifamily LT 5
$492.9K
$431.3K – $575.1K
NOI $34,505 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$454.4K
$397.6K – $530.1K
NOI $31,805 @ 7.0% cap · market cap 5.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,686
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated multifamily property with 6 bedrooms and 6 bathrooms, featuring central air and in-unit laundry.
Where is this duplex located?
The property is located at 2026 N 8TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Fully renovated multifamily property with 6 bedrooms and 6 bathrooms; Assumable loan with a 2.5% interest rate (subject to lender approval and buyer qualification); Modern kitchens with stainless steel appliances
