2010 N 8th St, Philadelphia, PA 19122
Local realty services provided by:CENTURY 21 Mertz & Associates
2010 N 8th St,Philadelphia, PA 19122
$1,049,000
- 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#:PAPH2669012
Source:BRIGHTMLS
Price summary
- Price:$1,049,000
- Price per sq. ft.:$278.4
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 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....
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Home facts
- Year built:2020
- Listing ID #:PAPH2669012
- Added:15 day(s) ago
- Updated:September 27, 2026 at 01:31 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:$1,049,000
- Price per sq. ft.:$278.4
- Tax amount:$1,581 (2025)
Parking
- Parking description:On Street
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