$1,070,000

For Sale

4 months ago

2010 N 8 Th St, Philadelphia, PA

Name: 2010 N 8 Th St, For Sale in PHILADELPHIA - eXp Realty
Brand: BHHS Fox &amp; Roach-Center City Walnut
SKU: PAPH2611078
Price: 1070000 USD

MLS® PAPH2611078

0 Bed

0 Bath

3768 sqft

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential Income

Size 3768 sqft

Garage No

Taxes $1,581

Days Active 119

Lot Size 0.03999999910593033 Acres

Approx. Age 2020

Avg. Price Per Sqft $283

MLS® Number PAPH2611078

Property Address: 2010 N 8th St, PHILADELPHIA, PA, 19122-1304

Average square foot calculated using Size range provided by listing agent.

Description

Philly CRE is proud to present 2010 N 8th Street, a standout turnkey four-unit multifamily investment built in 2021 and ideally positioned just minutes from Temple University. This exceptional asset features four oversized three-bedroom, three-bathroom units across a unique two-building configuration, with each structure designed as a duplex and offering access to a private backyard. Both buildings sit on a single parcel, presenting the rare potential for a future subdivision, creating additional exit strategies and long-term value for investors. The property benefits from the original 10-year tax abatement with approximately 5 1/2 years remaining, significantly enhancing cash flow and overall returns. Each unit is finished with modern, high-quality materials, spacious layouts, and functional floor plans that consistently attract both student renters and workforce tenants. All units are currently leased to PHA tenants, delivering stable, predictable, government-backed income from day one. In-place rents further highlight the strength of the asset, with Unit 1 at $2, 300, Unit 2 at $2, 038, Unit 3 at $2, 300, and Unit 4 at $1, 970. These figures support a strong 1.38 DSCR, an impressive 8.05 percent cap rate, and an 8.86 percent cash-on-cash return, offering immediate performance with clear upside through future rent increases and lease renewals. Surrounded by ongoing development and new construction, the property is located in a high-demand rental pocket experiencing continued appreciation. Its proximity to Temple University, along with convenient access to Northern Liberties and Fishtown, ensures sustained tenant demand and long-term rental growth. The property is also situated within a Qualified Opportunity Zone, offering potential tax advantages for investors seeking both income and appreciation. With modern construction, PHA-backed tenancy, strong in-place rents, exceptional return metrics, approximately eight years remaining on the tax abatement, and the flexibility of two duplex buildings on a potentially separable parcel, 2010 N 8th Street represents a rare opportunity to acquire a high-performing, low-maintenance asset in one of Philadelphia’s fastest-growing submarkets. Capitalize on this opportunity to secure a turnkey, high-yielding investment with strong in-place cash flow and long-term growth potential.

MLS® NumberPAPH2611078

Laundry Level

Central VacNo

FireplaceNo

Acreage0.04

Exterior

GarageNo

Approx. Age2020

Basement

DrivewayOn Street

Garage Spaces

HeatCentral, Natural Gas

A/CCentral A/C, Electric

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 27, 2026List Date

$1,070,000List Price

Commute

Commute

Starting Address

Destination Address

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