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Listed price in listed location currency (USD).
$1,099,000

000

MLS® PAPH2611078

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 3768 sqft
Garage 
Taxes $1,581
Days Active 0
Lot Size 
Approx. Age 2020
Avg. Price Per Sqft $291
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 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, 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 rare opportunity to secure a turnkey, high-yielding investment with immediate management support and strong long-term growth potential.
MLS® NumberPAPH2611078
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2020
Basement
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 27, 2026List Date
$1,099,000List Price
-End Date
Not Sold YetSold Price

For Sale

Jan 26, 2026List Date
$1,099,999List Price
  • Commute

Commute

Starting Address
Destination Address
2010 N 8Th St, Philadelphia, PA

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