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
Price / SF$279.43
Days on Market19
Property Features for 2026 N 8TH STREET
General Information
Standard status
Active
Size
2,022 SF
Property subtype
Duplex
Building Details
Year Built
1915
Listing Agency:
Coldwell Banker Realty
(215) 783-3434
Listed By:
Kristie L Bergey · License #AB068769
(215) 783-3434
Source:
Cummingsrealtors
Added: Jul 13
Changed: Jul 23
Last Checked: Jul 30 at 6:16AM
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 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 | $52.2k | $25.80 |
| − Vacancy | −$2.9k | −$1.42 |
| EGI | $49.3k | $24.38 |
| − OpEx | −$14.8k | −$7.31 |
| NOI | $34.5k | $17.06 |
2,022 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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
Current Use
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?
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
