Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    None, Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Zoned

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.12

  • Lot Size(square feet)

    5,026

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $2,500,000

  • Tax Amount

    $5,289

  • Sq. Footage

    11,247

  • Price/SqFt

    $222

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    275

  • Water Source

    Public

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PHILADELPHIA

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Listing Courtesy of Saam Tashayyod , Trophy Commercial Real Estate LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Heather Brailer

AGENT

Heather Brailer

Call Heather today to schedule a private showing.


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Trophy Commercial Real Estate, LLC is pleased to present the exclusive offering of 948 N 8th Street, a 12-unit multifamily investment opportunity located in Philadelphia's highly desirable Northern Liberties/Poplar neighborhood. The property consists of twelve spacious apartments totaling approximately 9,552 rentable square feet, featuring a desirable mix of one-bedroom and two-bedroom residences designed to appeal to a broad tenant base.

Offered at $2,500,000, the property generates an in-place Net Operating Income of approximately $133,026, representing a 5.32% capitalization rate, with projected Year One NOI increasing to $144,872 (5.79% cap rate) through continued rental growth and implementation of a utility reimbursement program. Located just minutes from Northern Liberties, Fishtown, Old City, and Center City Philadelphia, the property offers investors stable in-place cash flow with additional upside in one of the city's strongest multifamily submarkets.

Investment highlights
Well-leased 12-unit apartment building generating immediate in-place cash flow in one of Philadelphia's most established urban rental markets
Located just north of Northern Liberties with convenient access to Fishtown, Old City, Center City Philadelphia, SEPTA transit, neighborhood retail, and major employment centers
Balanced mix of one-bedroom and two-bedroom apartments serving young professionals, roommates, and long-term residents
Large floorplans averaging 796 square feet provide a competitive advantage within the surrounding multifamily market
Positioned within one of Philadelphia's most supply-constrained neighborhoods, benefiting from continued investment, population growth, and strong rental demand

948 N 8TH STREET

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