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MLS: #PAPH2662748, Listed By: Nicholas Davis, Compass Pennsylvania, LLC, Source:Bright MLS

3053 N 8th Street

PHILADELPHIA, PA 19133
Mark as Favorite
Bed 4

Bed

Bath 0

Bath

SqFt1,400

Sqft

Acres0.02

Acre(Lot)

Welcome to 3053 N 8th Street, a fully renovated and legally zoned RM-1 multifamily duplex offering investors the opportunity to acquire a turnkey, income-producing asset in one of Philadelphia's evolving rental markets. With approximately 1,400 square feet, this two-unit property features a 2-bedroom, 2-full-bathroom first-floor unit and a 2-bedroom, 1-full-bathroom second-floor unit, creating highly desirable layouts that continue to attract strong tenant demand. Each unit has been thoughtfully renovated with finishes designed to appeal to today's tenants while providing long-term durability and peace of mind for investors. Recent improvements include brand-new plumbing, updated electrical systems, new HVAC components, central air conditioning, forced-air heating, brand-new windows, luxu ry vinyl flooring throughout, stainless steel GE appliances, and in-unit stainless steel GE washers and dryers. The highly desirable two-bedroom, two-bathroom floor plan offers exceptional flexibility for roommates, young professionals, couples, and small households, while the additional full bathroom in each unit creates a significant advantage compared to many competing rental properties in the surrounding area. For investors, the greatest advantage is that the income is already in place. Both units are leased beginning September 1, generating approximately $2,849 in monthly rental income, or $34,188 annually. Combined with annual property taxes of approximately $1,300, the property presents a compelling investment opportunity with strong operating fundamentals. Based on current rental income and estimated operating expenses, investors may achieve an estimated capitalization rate of approximately 8.5% to 9.0%. Additional financial analysis, including NOI projections, cash-on-cash return scenarios, investment assumptions, and a detailed financial summary, is available through the listing agent. Location further strengthens the investment story. The property is located just a five-minute walk from Broad Street, providing convenient access to one of Philadelphia's primary transportation corridors. Nearby amenities include the Lillian Marrero Library, Rivera Recreation Center, and 12th & Cambria Recreation Center, while Potter-Thomas Elementary School and Clymer Elementary School are only a few blocks away. Popular neighborhood destinations, including Romano's Pizza Express and El Tripletazo, are within walking distance, while nearby SEPTA bus routes at 6th Street & Cambria Street, 6th Street & Clearfield Street, and Germantown Avenue & Somerset Street provide additional transportation options throughout the city. Whether you're expanding an existing portfolio, completing a 1031 exchange, or acquiring your first multifamily investment, 3053 N 8th Street delivers the features investors value most: existing leases, immediate rental income, modern renovations, in-unit laundry, central air, low property taxes, and a highly desirable two-bedroom, two-bathroom configuration in each unit. Turnkey, renovated, fully leased, and generating income from day one. Contact the listing agent for a complete investment analysis and additional property financials.

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Detail Ic Property Details

Property Type : Residential Income

Price : $295,000

AD Id : 89874081

MLS Id : PAPH2662748

Beds : 4

Lot Size : 0.02 Acre

Living Area Size : 1,400

Year Built : 1915

County : PHILADELPHIA

Subdivision: Fairhill

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Map

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Feature Features

  • Bedroom Information

    Total beds: 4

    Room Information

    Rooms Total: 4 Has Basement: Yes Basement: Other
  • Flooring Information

    Ceramic Tile, Vinyl
  • Roofing Information

    Flat
  • Interior Features

    Recessed Lighting, Open Floorplan Roof: Flat Appliances: Electric Range, Electric Oven, Washer, Dishwasher, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked, Water Heater, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Appliances Laundry Features: Washer Hookup
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Baseboard Has Cooling: Yes Cooling: Window Unit(s), Electric

  • Building Information

    Year Built: 1915 Building Area Total: 1400 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 15.00 x 65.00 Lot Size Acres: 0.02 Lot Size Source: Assessor Lot Size Square Feet: 968

    Property Information

    Subdivision: FAIRHILL Source Property Type: Residential Income Postal Code Plus 4: 2021 Property SubType: Duplex Property Age: 111

  • Listing Price Information

    Listing Price: $295000

  • Tax Information

    Parcel Number: 372090000 Tax Lot: 271 Tax Year: 2026 Annual Tax: $1334

  • Parking Information

    On Street

  • Location Information

    Direction: Google maps the property WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2525 N Front Street, Philadelphia, PA, 19133 $260,000 3 -- 1,614 1,614 SqFt
2517 N Front Street, Philadelphia, PA, 19133 $250,000 3 -- 1,632 1,632 SqFt
2223 N Howard Street, Philadelphia, PA, 19133 $475,000 5 -- 1,296 1,296 SqFt
2224 N Howard Street, Philadelphia, PA, 19133 $625,000 4 -- 2,200 2,200 SqFt
2438 N Mascher Street, Philadelphia, PA, 19133 $549,900 9 -- --
156 W Cumberland Street, Philadelphia, PA, 19133 $625,000 5 -- 2,500 2,500 SqFt
162 W Allegheny Avenue, Philadelphia, PA, 19133 $324,900 3 -- 1,894 1,894 SqFt
2908 N Hancock Street, Philadelphia, PA, 19133 $35,000 4 -- 1,800 1,800 SqFt
2327 N 3rd Street, Philadelphia, PA, 19133 $570,000 4 -- 2,700 2,700 SqFt
417 W Cumberland Street, Philadelphia, PA, 19133 $1,100,000 8 -- 4,500 4,500 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 08/25/2026 @ 13:44

MLS: PAPH2662748 LISTED BY: Nicholas Davis, Compass Pennsylvania, LLC 267-435-8015 SOURCE: Bright MLS

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