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    7631 Algon Ave Philadelphia, PA 19111

    New
    For Sale
    $415,000

    MULTI_FAMILY - Other - PHILADELPHIA, PA

    Property size:
    2,310 SF
    Lot size:
    0.08 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 10 at 2:06 pm

    Property Features for 7631 Algon Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Driveway, On Street
    Size
    2,310 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Window Unit(s)

    Building Details

    Year built
    1960
    Number of units
    2
    Building materials
    Masonry
    Architectural style
    Other

    Philadelphia Regional Realty, LLC (215) 464-8800 [email protected]

    Listing agent Eric Lerman (267) 205-2526 License #RS339653

    Listing date Dec 9, 2025

    MLS# PAPH2565680 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Northeast Philadelphia Multi-Unit Opportunity

    Located in Northeast Philadelphia, this multi-unit corner property presents an opportunity for investors and owner-occupants. The first floor is currently rented as office space at below market value, offering potential for increased income. This level includes multiple rooms, central air, and a flexible layout that allows for conversion into a three-bedroom residential unit. The upper unit is a three-bedroom, two-bathroom residence featuring living space and natural light. Additional property features include access to a private laundry area and a backyard that provides private parking. The property's location provides access to supermarkets, shopping centers, parks, restaurants, schools, major highways, and public transportation. The property is suitable for comfortable daily living and has rental appeal. The building size is 2310 square feet and the lot size is 0.08 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Victor's Office Accountant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.06789
    Latitude
    40.06053

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile multi-unit property in Northeast Philadelphia with income potential.
    Where is this mixed-use property located?
    The property is located at 7631 Algon Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: - Multi-unit property with strong income potential in a highly desirable Northeast Philadelphia location.; - First floor offers flexible layout with option to convert from commercial space to a spacious three-bedroom residential unit, presenting immediate income upside.; - Upper unit is a bright and expansive three-bedroom, two-bathroom residence, ideal for owner-occupancy or rental.
    (267) 205-2526
    Request Owner's contact information
    7631 Algon Ave Philadelphia, PA 19111
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    Philadelphia, PA 19111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7631 Algon Ave Philadelphia, PA 19111
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