2010 N 8th St, Philadelphia, PA 19122
Local realty services provided by:ERA Byrne Realty
2010 N 8th St,Philadelphia, PA 19122
$1,099,000
- 12 Beds
- - Baths
- 3,768 sq. ft.
- Multi-family
- Active
Listed by: eric andrew dvotsky, maxim sirotovsky
Office: bhhs fox & roach-center city walnut
MLS#:PAPH2611078
Source:BRIGHTMLS
Price summary
- Price:$1,099,000
- Price per sq. ft.:$291.67
About this home
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 eight 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 1.39 DSCR, an impressive 7.93 percent cap rate, and a 7.34 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. As an added incentive, the offering includes one year of free professional property management with acceptable terms, providing immediate operational support and enhancing first-year cash flow. With modern construction, PHA-backed tenancy, strong in-place rents, exceptional return metrics, five and a half 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 rare opportunity to secure a turnkey, high-yielding investment with immediate management support and strong long-term growth potential....
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Home facts
- Year built:2020
- Listing ID #:PAPH2611078
- Added:10 day(s) ago
- Updated:May 08, 2026 at 01:28 PM
Rooms and interior
- Bedrooms:12
- Living area:3,768 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Central, Natural Gas
Structure and exterior
- Year built:2020
- Building area:3,768 sq. ft.
- Lot area:0.04 Acres
- Architectural Style:Contemporary
- Construction Materials:Brick, Frame
- Foundation Description:Slab
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,099,000
- Price per sq. ft.:$291.67
- Tax amount:$1,581 (2025)
Parking
- Parking description:On Street
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