2010 N 8TH ST, Philadelphia, PA 19122

• 3,768 sqft

Property 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 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 $2,300, 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. With modern construction, PHA-backed tenancy, strong in-place rents, exceptional return metrics, approximately 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 opportunity to secure a turnkey, high-yielding investment with strong in-place cash flow and long-term growth potential.

Listing Status:

Active

Data Last Updated:

August 8, 2026 at 7:16AM

Listing Office:

BHHS Fox & Roach-Center City Walnut : 2156276005

Listing Agent:

ERIC Andrew Dvotsky : 2672434652

MLS ID:

PAPH2611078

Interior

• A/C: Central A/C
• Heating: CentralNatural Gas
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Contemporary

Construction

• General: FrameBrickSlab

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: RM1202114100

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN