Residential Income
For Sale
$304,999
2645 N 8TH STREET, Philadelphia, PA 19133
RM1-zoned property with an eat-in kitchen, kitchen island, and recessed lighting.
Property Size1,460 SF
Price / SF$208.90
Days on Market38
Property Features for 2645 N 8TH STREET
General Information
Standard status
Active
Size
1,460 SF
Property subtype
Residential Income
Zoning
RM1
Site & Location
Neighborhood
Lower Moyamensing
Taxes and HOA fees
Annual Taxes
$1,696
Amenities
Ceiling Fan(s), Electric
Electric, Baseboard
Full, Unfinished
Cooktop, Electric Water Heater, Refrigerator, Microwave, Dishwasher
Eat-in Kitchen, Ceiling Fan(s), Kitchen Island, Recessed Lighting, High Ceilings
On Street
Straight Thru
Building Details
Building Size
1,460 SF
Year Built
1925
Listing Agency:
KW Empower
Listed By:
Stephen M Kennedy · License #RS330775
(267) 614-3033
Source:
Evrealestate
Added: Sep 24
Changed: Oct 27
Last Checked: Oct 30 at 2:16PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This residential income property measures 1,460 square feet and dates to 1925. Interior features include an eat-in kitchen with a kitchen island, recessed lighting, and high ceilings. The kitchen has an electric cooktop, refrigerator, microwave, and dishwasher. Additional features include ceiling fans, electric baseboard heat, and a full, unfinished basement.
The property is zoned RM1 and has straight-through exterior access. On-street parking is noted.
The property is zoned RM1 and has straight-through exterior access. On-street parking is noted.
Key Highlights
- 1,460‑square‑foot residential income property
- Built in 1925
- RM1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,965
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,300
$459.3K
Cap Rate 7%
$328,071
$328.1K
Cap Rate 9%
$255,167
$255.2K
Market Conditions
NOI Build-Up for 1,460 SF
Gross rent
$44.3K $30.36/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$41.8K $28.60/SF
− OpEx
−$18.8K −$12.87/SF
NOI
$23.0K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,300
Cap Rate 7%
$328,071
Cap Rate 9%
$255,167
Alternative Uses
Best Use
Apartment 5plus
$328.1K
$287.1K – $382.8K
NOI $22,965 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$355.9K
$311.4K – $415.3K
NOI $24,915 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,272
Businesses Nearby
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Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - RM1-zoned property with an eat-in kitchen, kitchen island, and recessed lighting.
Where is this residential income property located?
The property is located at 2645 N 8TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $304,999.
What are key features of this property?
This property features: 1,460‑square‑foot residential income property; Built in 1925; RM1 zoning
