Legal Duplex Income
For Sale
$212,500
4922 N 8TH ST, Philadelphia, PA 19120
Two-unit legal duplex with year-to-year and long-term tenants in place, requiring 24-hour notice for showings.
Property Size1,346 SF
Price / SF$157.88
Days on Market95
Property Features for 4922 N 8TH ST
General Information
Standard status
Active
Size
1,346 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Tenancy
Multi
Listing Agency:
Eliakim Realty Inc
(267) 626-2398
Listed By:
Nestor F Colon · License #RM422846
(215) 200-1089
Source:
Keygroupmd
Added: Jul 8
Changed: Oct 9
Last Checked: Oct 9 at 7:58PM
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 Eliakim Realty Inc
Investment Insights
Based on property information with market context.
This legal duplex offers two separate residential units. Unit 1 is a first-floor 2-bedroom, 1-bath layout currently rented on a year-to-year lease. Unit 2 is a second-floor 1-bedroom, 1-bath unit with a long-term tenant in place since 1995.
The property is located at 4922 N 8Th Street in Philadelphia, PA 19120, in the Olney area. 24-hour notice is required for all showings.
The existing tenant occupancy provides an income-producing structure with a low-maintenance setup anchored by long-term tenancy in one unit and year-to-year leasing in the other.
The property is located at 4922 N 8Th Street in Philadelphia, PA 19120, in the Olney area. 24-hour notice is required for all showings.
The existing tenant occupancy provides an income-producing structure with a low-maintenance setup anchored by long-term tenancy in one unit and year-to-year leasing in the other.
Key Highlights
- Legal 2‑unit duplex in Olney with tenants already in place (Unit 1 and Unit 2)
- Unit 1: 2‑bedroom, 1‑bath, currently rented on a year‑to‑year lease
- Unit 2: 1‑bedroom, 1‑bath with a long‑term tenant in place since 1995
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,581
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,620
$291.6K
Cap Rate 7%
$208,300
$208.3K
Cap Rate 9%
$162,011
$162.0K
Market Conditions
NOI Build-Up for 1,346 SF
Gross rent
$22.5K $16.68/SF
− Vacancy
−$1.6K −$1.20/SF
EGI
$20.8K $15.48/SF
− OpEx
−$6.2K −$4.64/SF
NOI
$14.6K $10.83/SF
Area
ZIP 19120
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,620
Cap Rate 7%
$208,300
Cap Rate 9%
$162,011
Alternative Uses
Best Use
Multifamily LT 5
$208.3K
$182.3K – $243.0K
NOI $14,581 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$185.3K
$162.1K – $216.2K
NOI $12,969 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$321.5K
$281.3K – $375.1K
NOI $22,507 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-unit legal duplex with year-to-year and long-term tenants in place, requiring 24-hour notice for showings.
Where is this duplex located?
The property is located at 4922 N 8TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $212,500.
What are key features of this property?
This property features: Legal 2‑unit duplex in Olney with tenants already in place (Unit 1 and Unit 2); Unit 1: 2‑bedroom, 1‑bath, currently rented on a year‑to‑year lease; Unit 2: 1‑bedroom, 1‑bath with a long‑term tenant in place since 1995
