MLS#PAPH2663844
STATUSACTIVE
PROPERTY TYPECommercial - Business
SUBDIVISIONNORTHERN LIBERTIES
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
Property Description
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
Property Features
Property Type: Commercial - Business
Cooling: None
Fuel Type: Natural Gas
Heating: Zoned
Lot Size: 0.12 Acres
Taxes: $5,289
Year Built: 1940
Feature Descriptions
Days on Site: 4
Exterior: Brick
Lot Dimensions: 0.12 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Water: Public
Local Schools
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: Trophy Commercial Real Estate LLC
Agency Phone: 2156085745
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
948 N 8th Street | MLS# PAPH2663844
This commercial property located at 948 N 8th Street , Philadelphia, PA 19123 is currently listed for sale with an asking price of $2,500,000. N 8th Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.realtymarkllc.com today.