Corner
For Sale
$468,000
2127 S 8TH STREET, Philadelphia, PA 19148
Three residential units are fully occupied by long-term tenants.
Property Size2,309 SF
Days on Market66
Property Features for 2127 S 8TH STREET
General Information
Standard status
Active
Size
2,309 SF
Property subtype
Triplex
Occupancy
100%
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,679
Building Details
Building Size
2,309 SF
Year Built
1915
Buildings
1
Listing Agency:
Liberty Real Estate
Listed By:
Richard Q Li · License #RM421130
(267) 767-7612
Source:
Patmckennarealtors
Added: Aug 20
Changed: Oct 21
Last Checked: Oct 23 at 4:37PM
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 Liberty Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1915, this corner triplex contains three residential units and totals 2,309 square feet. The property is fully occupied, with long-term tenants in place throughout the building. Located at 2127 S 8th Street in Philadelphia, Pennsylvania, the asset presents an established multifamily configuration for residential income ownership.
Key Highlights
- Three‑unit triplex configuration
- 2,309 square feet of total property size
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,403
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,060
$788.1K
Cap Rate 7%
$562,900
$562.9K
Cap Rate 9%
$437,811
$437.8K
Market Conditions
NOI Build-Up for 2,309 SF
Gross rent
$59.6K $25.80/SF
− Vacancy
−$3.3K −$1.42/SF
EGI
$56.3K $24.38/SF
− OpEx
−$16.9K −$7.31/SF
NOI
$39.4K $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 Rate 5%
$788,060
Cap Rate 7%
$562,900
Cap Rate 9%
$437,811
Alternative Uses
Best Use
Multifamily LT 5
$562.9K
$492.5K – $656.7K
NOI $39,403 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$518.8K
$454.0K – $605.3K
NOI $36,319 @ 7.0% cap · market cap 7.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units are fully occupied by long-term tenants.
Where is this triplex located?
The property is located at 2127 S 8TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $468,000.
What are key features of this property?
This property features: Three‑unit triplex configuration; 2,309 square feet of total property size; Built in 1915
