Olney Duplex: Income-Producing Asset

4922 N 8TH Street, Philadelphia, PA 19120

View on Map

For Sale

$212,500

MULTI_FAMILY - Other - PHILADELPHIA, PA

Property size:

1,346 SF

Lot size:

0.03 Acres

Price / SF:

$157/SF

HighLights

Legal duplex in a high‑demand rental area (Olney) offering immediate cash flow.
Two established units with existing tenants provide stable, predictable income.
Unit 2 has a long‑term tenant in place since 1995, demonstrating exceptional tenancy stability.
Low‑maintenance, income‑generating property ideal for portfolio expansion.
Unit 1: Spacious 2‑bedroom, 1‑bathroom layout, currently rented on a year‑to‑year lease.
Attached garage and masonry construction.

We can help!

Listing Contact

Nestor F Colon

For Sale

$212,500

MULTI_FAMILY - Other - PHILADELPHIA, PA

Property size:

1,346 SF

Lot size:

0.03 Acres

Price / SF:

$157/SF

Added:: Nov 24, 2025
Days on Market:: 205
Last Refresh:: Jun 17 at 9:06 pm

Property Features for 4922 N 8TH Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Basement
Parking: 1
Parking features: Garage - Attached
Standard status: Active
Size: 1,346 SF
Lot size: 0.03 Acres

Taxes and HOA fees

Tax Annual Amount: 2462

Utilities

Heating system: Hot Water(Heating), Other (Heating)

Building Details

Year built: 1935
Number of units: 2
Building materials: Masonry
Architectural style: Other

We can help!

Listing Contact

Nestor F Colon

Listing agent Nestor F Colon License #RM422846

Listing office Eliakim Realty Inc 417 Cheltenham Avenue unit: 2, Elkins Park, PA

Listing date Nov 24, 2025

MLS# PAPH2562190 Listing URL

HighLights

Legal duplex in a high‑demand rental area (Olney) offering immediate cash flow.
Two established units with existing tenants provide stable, predictable income.
Unit 2 has a long‑term tenant in place since 1995, demonstrating exceptional tenancy stability.
Low‑maintenance, income‑generating property ideal for portfolio expansion.
Unit 1: Spacious 2‑bedroom, 1‑bathroom layout, currently rented on a year‑to‑year lease.
Attached garage and masonry construction.

Overview

This legal duplex is located in the Olney neighborhood. It features two units, offering immediate cash flow and long-term stability. Unit 1, situated on the first floor, features a 2-bedroom, 1-bathroom layout and is currently rented on a year-to-year lease, providing consistent income. Unit 2, located on the second floor, is a 1-bedroom, 1-bathroom unit with a long-term tenant in place since 1995. The property is positioned in a location with continuous rental demand, making it an ideal addition for those looking to expand their portfolio with a low-maintenance, income-generating property. The property size is 1346 square feet and the lot size is 0.0322 acres.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$22.5k	$16.68
− Vacancy	−$1.6k	−$1.20
EGI	$20.8k	$15.48
− OpEx	−$6.2k	−$4.64
NOI	$14.6k	$10.83

1,346 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$208.3K

$182.3K – $243.0K (±1% cap)

NOI $14,581 @ 7.0% cap · market cap 6.86%

Second Best

Apartment 5plus

$185.3K

$162.1K – $216.2K (±1% cap)

NOI $12,969 @ 7.0% cap · market cap 6.10%

Theoretical Best

Office A

$321.5K

$281.3K – $375.1K (±1% cap)

NOI $22,507 @ 7.0% cap · market cap 10.59%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.1377169
Latitude: 40.0268143

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For sale
Duplexes
PA
Philadelphia
19120
4922 N 8TH Street

What type of property is this?

Duplex - Legal duplex in Olney with established tenants and immediate cashflow.

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 duplex in a high‑demand rental area (Olney) offering immediate cash flow.; Two established units with existing tenants provide stable, predictable income.; Unit 2 has a long‑term tenant in place since 1995, demonstrating exceptional tenancy stability.

4922 N 8TH Street, Philadelphia, PA 19120

MULTI_FAMILY - Other - PHILADELPHIA, PA

Property Features for 4922 N 8TH Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Freestanding Single-Story Retail Building

Freestanding Office Building on Corner

Restaurant Opportunity in Philadelphia, PA

Medical Office Building with Parking

Iconic East Falls Cornerstone Building

Industrial Garage-Style Property Package

Mixed-Use Brownstone with Storefront

Prime Philadelphia Retail Opportunity

Mixed-Use Building with Two-Level Layout

Turnkey Three-Story Building with Elevator

Turnkey Triplex with Tax Abatement

Newly Constructed Duplex Investment

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