Olney Duplex: Income-Producing
For Sale
$212,500
4922 N 8TH Street, Philadelphia, PA 19120
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,346 SF
Lot Size0.03 Acres
Price / SF$157.88
Days on Market251
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
Subdivision
OLNEY
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,346 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2462
Utilities
Heating system
Other (Heating), Hot Water(Heating)
Building Details
Year built
1935
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Eliakim Realty Inc
(267) 626-2398
Listed By:
Nestor F Colon · License #RM422846
(215) 200-1089
Added: Nov 24, 2025
Changed: Jul 9
Last Checked: Aug 2 at 5:06PM
MLS# PAPH2562190
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Legal duplex in Olney built in 1935 with masonry construction
- Unit 1: first‑floor 2‑bedroom, 1‑bath; currently rented on a year‑to‑year lease
- Unit 2: second‑floor 1‑bedroom, 1‑bath; tenant in place since 1995
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| 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
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 - 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 Olney built in 1935 with masonry construction; Unit 1: first‑floor 2‑bedroom, 1‑bath; currently rented on a year‑to‑year lease; Unit 2: second‑floor 1‑bedroom, 1‑bath; tenant in place since 1995
