1958 N 8th Street

PHILADELPHIA, PA 19122

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,813 Sqft
  • 1073
    Sqft(Lot)
$525,000

Description

1958 n 8th street

temple is the 2nd  largest university in pa and one of the largest on the east coast.
with 2024 undergraduate enrollment reaching over 30,000 students, with limited on
campus housing capacity, the large student population creates a consistent demand for
off campus housing.

this investment property is located in one of the most desirable blocks for off campus
housing on the newer side of temple. it is within walking distance to the main campus
and only one block away from the temple train station. it provides strong cash flow and
stable tenancy.

it has always been 100% leased up, even during and after covid.
the annual rental income has been consistently above $47,800 for the past 4 years
under current management. the cap rate is an impressive 8%.

the property is a large, newer construction duplex built in 2020, with high end finishes.
it still has 5.5 years remaining in its tax abatement.

unit a has 3 spacious bedrooms and 3 bathrooms spanning 2 levels. it comes with a
fenced in private backyard. the average rent for the unit is between $1800 and $2040
per month with 12 months leases in the past 4 years.

unit b has 3 spacious bedrooms and 3 bathrooms spanning 2 levels. it comes with a
large roof deck with impressive city views. the average rent for the unit is between
$1950 and $2100 per month.

financial details are available upon request.

  • Property Type

    Multi-Family

  • Subdivision

    Temple University

  • County

    PHILADELPHIA

  • Style

    Other

  • AD ID

    48871557

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Property Details

  • Water/Sewer

    • Water Source : Public

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Central
    • Cooling Fuel: Natural Gas
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 2020
    • Structure: Interior Row/Townhouse
    • New Construction: No
    • Total Units: 4
    • Built: 2020
    • Construction Material: Brick
    • Foundation/Basement: Brick/Mortar
    • Architecture: Other
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 1,073
    • Dimensions: 16.00 x 67.00
    • Lot Size (Acres): 0.02
    • Architectural Style: Other
    • Main Square Feet: 1,073

    Property Information

    • SQ ft: 2,813
    • SQ ft (Living Area): 2,813
    • Total Lot SQ ft: 1,073
    • Subdivision: TEMPLE UNIVERSITY
    • Appx. Lot Dimensions: 16.00 x 67.00
    • Total Acreage: 0.02
    • New Construction: No
    • Type: Other

  • Listing Information

    • Possession: Settlement
    • Days Of Market: 13

  • Tax Information

    • Annual Tax: $1,822
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Settlement

    Assessment Information

    • Taxes Assessment Amount: $130,200

  • Parking Information

    • Parking Type: On Street

    Homeowners Association Information

    • Direction: Corner of W Norris St and N 8th St

  • School Information

    • School District: THE SCHOOL DISTRICT OF PHILADELPHIA

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Natural Gas
    • Heating Fuel: Natural Gas
    • Hot Water: Natural Gas

    Location Information

    • Direction: Corner of W Norris St and N 8th St
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BuyOwner last updated this listing 05/11/2025 @ 05:18

  • MLS: PAPH2453950
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is recently sold, it has 2,813 sqft, 1,073 sized lot, and 0 parking. are nearby neighborhoods.