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Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 1,400 sqft
Price per Sqft $210
Subdivision Fairhill
MLS Listing ID PAPH2662748
Style Other
Abv Grd Liv Area 1,400
Year Built 1915
Available Date 2026-08-23
Annual Tax Amount $1,334
Tax Year 2026
Lot Size 968 Sqft
Acres 0.02
Lot Dimensions 15.00 x 65.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Each unit has been thoughtfully renovated with finishes designed to appeal to today's tenants while providing long-term durability and peace of mind for investors. Recent improvements include brand-new plumbing, updated electrical systems, new HVAC components, central air conditioning, forced-air heating, brand-new windows, luxury vinyl flooring throughout, stainless steel GE appliances, and in-unit stainless steel GE washers and dryers. The highly desirable two-bedroom, two-bathroom floor plan offers exceptional flexibility for roommates, young professionals, couples, and small households, while the additional full bathroom in each unit creates a significant advantage compared to many competing rental properties in the surrounding area.
For investors, the greatest advantage is that the income is already in place. Both units are leased beginning September 1, generating approximately $2,849 in monthly rental income, or $34,188 annually. Combined with annual property taxes of approximately $1,300, the property presents a compelling investment opportunity with strong operating fundamentals. Based on current rental income and estimated operating expenses, investors may achieve an estimated capitalization rate of approximately 8.5% to 9.0%. Additional financial analysis, including NOI projections, cash-on-cash return scenarios, investment assumptions, and a detailed financial summary, is available through the listing agent.
Location further strengthens the investment story. The property is located just a five-minute walk from Broad Street, providing convenient access to one of Philadelphia's primary transportation corridors. Nearby amenities include the Lillian Marrero Library, Rivera Recreation Center, and 12th & Cambria Recreation Center, while Potter-Thomas Elementary School and Clymer Elementary School are only a few blocks away. Popular neighborhood destinations, including Romano's Pizza Express and El Tripletazo, are within walking distance, while nearby SEPTA bus routes at 6th Street & Cambria Street, 6th Street & Clearfield Street, and Germantown Avenue & Somerset Street provide additional transportation options throughout the city.
Whether you're expanding an existing portfolio, completing a 1031 exchange, or acquiring your first multifamily investment, 3053 N 8th Street delivers the features investors value most: existing leases, immediate rental income, modern renovations, in-unit laundry, central air, low property taxes, and a highly desirable two-bedroom, two-bathroom configuration in each unit.
Turnkey, renovated, fully leased, and generating income from day one. Contact the listing agent for a complete investment analysis and additional property financials.
Location
State PA
County Philadelphia
Area 19133 (19133)
Zoning RM1
Rooms
Basement Other
Interior
Interior Features Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Efficiency, Entry Level Bedroom, Floor Plan - Open, Kitchen - Efficiency, Recessed Lighting
Hot Water 60+ Gallon Tank
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Luxury Vinyl Plank, Ceramic Tile
Equipment Dishwasher, Dryer - Electric, Dryer - Front Loading, Dual Flush Toilets, Energy Efficient Appliances, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Washer - Front Loading, Washer/Dryer Stacked, Washer/Dryer Hookups Only, Water Heater
Fireplace N
Window Features Energy Efficient
Appliance Dishwasher, Dryer - Electric, Dryer - Front Loading, Dual Flush Toilets, Energy Efficient Appliances, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Washer - Front Loading, Washer/Dryer Stacked, Washer/Dryer Hookups Only, Water Heater
Heat Source Electric
Exterior
Water Access N
Roof Type Flat
Accessibility 2+ Access Exits
Garage N
Private Pool No
Building
Foundation Other
Above Ground Finished SqFt 1400
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 372090000
Ownership Fee Simple
SqFt Source 1400
Special Listing Condition Standard
Virtual Tour https://www.youtube.com/watch?v=vxGQSrTJlus
Nearby Locations
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Eileen Renowden
Broker Associate | License ID: 1647842
Broker Associate License ID: 1647842