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sales rep | Brivity IDX

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2010 N 8th St , Philadelphia, PA 19122
$1,010,000
Est. Payment: $5,456.19/mo
12 Bed
12 Bath
3768 Sqft
0.04 Acres
Status: active | Days on site: 64
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61039 - 3253917,3290773
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House 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 old 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 $2,200, Unit 2 at $2,038, Unit 3 at $2,170, and Unit 4 at $1,990. These figures support a strong 1.24 DSCR, an impressive 7.89 percent cap rate, and a 5.03 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 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 opportunity to secure a turnkey, high-yielding investment with strong in-place cash flow and long-term growth potential.

Highlights

Listed by ERIC Andrew Dvotsky , 2672434652 and Maxim Sirotovsky , 2672433255 BHHS Fox & Roach-Center City Walnut , 2156276005. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.04

Year Built

2020

County

Philadelphia

Area

19122 (19122)

School District

Philadelphia City

Listing ID

PAPH2669012

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:12
  • ▪ Bathrooms:12
  • ▪ Full Bathrooms:12
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:3768
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:16.00 x 99.00
Zoning:RM1
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$5,456
Taxes
$132

Home Price

$1,010,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$202,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,456.19

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,456.19 $131.75 $0.00 $5,587.94
Yearly $65,474.34 $1,581.00 $0.00 $67,055.34
Total $1,964,230.14 $47,430.00 $0.00 $2,011,660.14
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS