Renovated
For Sale
$565,000
2026 N 8TH Street, Philadelphia, PA 19122
Multi-Family, PHILADELPHIA, PA
Property Size2,022 SF
Lot Size0.04 Acres
Price / SF$279.43
Days on Market49
Property Features for 2026 N 8TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,022 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7684
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
in-unit laundry
central air conditioning
stainless steel appliances
Building Details
Year built
1915
Number of units
1
Building materials
Masonry
Architectural style
Other
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(215) 923-7600
Listed By:
Kristie L Bergey · License #AB068769
(215) 783-3434
Added: Jul 17
Changed: Aug 19
Last Checked: Sep 3 at 3:06AM
MLS# PAPH2642366
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.
Investment Insights
Based on property information with market context.
This renovated duplex contains 2022 square feet with six bedrooms and six bathrooms. The interior configuration includes open-concept living areas, contemporary kitchens with stainless steel appliances, luxury flooring, central air conditioning, in-unit laundry, and bedrooms with private bathrooms. Masonry construction dates to 1915, with forced-air heating and on-street parking.
The property is in Philadelphia near Temple University, Temple Regional Rail Station, SEPTA transit, shopping, dining, and neighborhood amenities. Its location provides access to Center City and the surrounding Temple-area corridor, while the bedroom and bathroom arrangement supports student and roommate occupancy as described in the property information.
The property is in Philadelphia near Temple University, Temple Regional Rail Station, SEPTA transit, shopping, dining, and neighborhood amenities. Its location provides access to Center City and the surrounding Temple-area corridor, while the bedroom and bathroom arrangement supports student and roommate occupancy as described in the property information.
Key Highlights
- Six‑bedroom, six‑bathroom duplex with 2022 square feet
- Renovated interior with contemporary finishes and luxury flooring
- Kitchens include 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
Property Profile
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 - Six bedrooms and six bathrooms create a roommate-oriented residential layout near Temple University.
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: Six‑bedroom, six‑bathroom duplex with 2022 square feet; Renovated interior with contemporary finishes and luxury flooring; Kitchens include stainless steel appliances
