Active

MLS: #PAPH2611078, Listed By: ERIC Dvotsky, BHHS Fox & Roach-Center City Walnut, Source:Bright MLS

2010 N 8th Street

PHILADELPHIA, PA 19122

$1,070,000 $4,511/Mo

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Overview

Bed

Bath

3,768

Sqft

0.04

Acre(Lot)

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 eight years remaining, significantly enhancing cash flow and overall returns. Each unit is finished with modern, high-quality materials, spacious layouts, and functio nal 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. 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.

Property Details

Property Type : Residential Income

Price : $1,070,000

AD Id : 77787983

MLS Id : PAPH2611078

Beds : 12

Lot Size : 0.04 Acre

Living Area Size : 3,768

Year Built : 2020

County : PHILADELPHIA

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 12
Interior Features

Appliances: Electric Water Heater
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Central Has Cooling: Yes Cooling: Central Air, Electric

Building Information

Year Built: 2020 Building Area Total: 3768 Construction Materials: Frame, Brick Pool Features: None Private Pool: No

Lot Information

Lot Dimensions: 16.00 x 99.00 Lot Size Acres: 0.04 Lot Size Source: Assessor Lot Size Square Feet: 1536

Listing Price Information

Listing Price: $1070000

Tax Information

Parcel Number: 202114100 Tax Lot: 105 Tax Year: 2025 Annual Tax: $1581

Parking Information

On Street

Location Information

Direction: Use GPS WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2006 N Front Street, Philadelphia, PA, 19122	$754,900	4	--	2,939	2,939 SqFt
2146 N Front Street, Philadelphia, PA, 19122	$799,000	6	--	--
107 TO 115 W Thompson S.., Philadelphia, PA, 19122	$1,024,999	10	--	3,308	3,308 SqFt
119 W Susquehanna Avenue, Philadelphia, PA, 19122	$2,250,000	12	--	4,500	4,500 SqFt
125 W Susquehanna Avenue, Philadelphia, PA, 19122	$899,000	6	--	3,365	3,365 SqFt
153 W Jefferson Street, Philadelphia, PA, 19122	$1,900,000	3	--	14,750	14,750 SqFt
1747 Tilghman Street, Philadelphia, PA, 19122	$950,000	4	--	4,160	4,160 SqFt
1500 N 2nd Street, Philadelphia, PA, 19122	$2,200,000	9	--	--
1628 N 2nd Street, Philadelphia, PA, 19122	$480,000	6	--	2,825	2,825 SqFt
1613 N Philip Street, Philadelphia, PA, 19122	$450,000	3	--	1,620	1,620 SqFt

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ByOwner last updated this listing 06/19/2026 @ 01:18

MLS: PAPH2611078 LISTED BY: ERIC Dvotsky, BHHS Fox & Roach-Center City Walnut 215-627-6005 SOURCE: Bright MLS