2114 N 8TH ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19122
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,213 sqft
Price per Sqft $277
MLS Listing ID PAPH2477782
Style Traditional
Year Built 2024
Annual Tax Amount $1,315
Tax Year 2024
Lot Size 942 Sqft
Property Sub-Type Detached
Property Description
Welcome to 2114 Eighth Street – FULLY LEASED New Construction Duplex in Hot 19122!
Incredible investment opportunity in one of Philadelphia's fastest-growing multifamily submarkets. This brand-new, fully leased duplex features two spacious bi-level units, modern finishes, and strong rental income.
Unit 1 offers 3 bedrooms, 2 bathrooms, a private rear yard, and rents for $1,700/month.
Unit 2 includes 3 bedrooms, 3 bathrooms, a rear deck off the living room, and a massive skyline roof deck, currently leased for $2,000/month.
Annual rental income: $44,400
Pro forma CAP Rate: 7%
Each unit features:
Open-concept floor plans
High ceilings and large windows
Wide plank flooring & recessed lighting
Shaker-style cabinetry, quartz countertops, subway tile backsplash
Stainless steel appliances
In-unit washer/dryer
Ample closet space
Location: Close to Temple University, SEPTA Regional Rail, and major transit routes. A commuter-friendly and high-demand rental area.
BONUS:
10-Year Tax Abatement – Low operating costs
Perfect for investors, 1031 Exchange buyers, or anyone seeking a low-maintenance, high-return asset.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Equipment Dishwasher,Disposal,Dryer,Microwave,Intercom,Icemaker,Oven/Range - Electric,Refrigerator,Washer
Exterior
Water Access N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Philadelphia City
Others
Acceptable Financing Cash,Conventional,FHA,PHFA
Listing Terms Cash,Conventional,FHA,PHFA
Special Listing Condition Standard