Legal Duplex Income
For Sale
$212,500
4922 N 8Th Street, 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 Market273
Property Features for 4922 N 8Th Street
General Information
Standard status
Active
Size
1,346 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Zoning
RSA5
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,462
Amenities
Full
Natural Gas
Yes
No
Assessor
No Pool
Public
U30
16.00 x 88.00
0.03
Garage - Rear Entry
Attached Garage
Concrete Perimeter
35180.00
1
Building Details
Building Size
1,346 SF
Year Built
1935
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(856) 222-0077
Listed By:
Ryan LeBon · License #1540241
Source:
Thetristaterealestategroup
Added: Nov 24, 2025
Changed: Aug 24
Last Checked: Aug 24 at 3:50AM
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 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 = 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
$14,581
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
6.86%
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%
$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
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
$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 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%
$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
Property Profile
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
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 - 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 Street 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
