Patterson-Schwartz Real Estate1958 N 8Th Street, Philadelphia, PA 19122-2023 $525,000
Interior Sq. Ft: 2,813
Acreage: 0.02
Age:5 years
Taxes: $1,822
Subdivision: Temple University
Design/Type:
Interior Row/Townhouse
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.
Home Assoc: No
Condo Assoc: No
Basement: N
Pool: No Pool
Features
Utilities
Central Heating, Natural Gas, Central A/C, Natural Gas, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
On Street
Exterior
Brick/Mortar Foundation, Brick Exterior
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
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Public Elementary (149 schools)
Public Middle (30 schools)
Public High (70 schools)
Private (105 schools)
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This report is a detailed community overview for Philadelphia (19122), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 29
- Average salary of people in this community: $37,204
Community Summary
- Population Density (ppl / mile): 17,071
- Household Size (ppl): 2.69
- Households w/ Children: 54%
Housing Inventory
- Owned: 2,868 (36.2%)
- Rented: 3,795 (47.8%)
- Vacant: 1,270 (16.0%)
- Total: 7,933
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 9.3%
- Some High School: 12.4%
- High School Graduate: 34.5%
- Some College: 13.6%
- Associate Degree: 4.1%
- Bachelor's Degree: 17.5%
- Graduate Degree: 8.6%
Income by dollar range
Median Income: $37,198
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $712
- One Bedroom: $813
- Two Bedroom: $955
- Three Bedroom: $1,264
- Four Bedroom: $878
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Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-709-2343
Listing Courtesy of: EXP Realty, LLC , (888) 397-7352, pa.broker@exprealty.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 3/12/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
