Brick Duplex With Two-Car
7979 ALGON Avenue Philadelphia, PA 19111
7979 ALGON Avenue, Philadelphia, PA, 19111
$450,000
For Sale
$450,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,964 SF
Lot Size0.07 Acres
Price / SF$229.12
Days on Market31
Property Features for 7979 ALGON Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement
- Parking
- 1
- Parking features
- Garage - Attached, Driveway
- Standard status
- Active
- Size
- 1,964 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4448
Utilities
- Heating system
- Other (Heating)
Building Details
- Year built
- 1960
- Number of units
- 1
- Building materials
- Masonry
- Architectural style
- Other
Listing agency
EXP Realty, LLC
(888) 397-7352
Listed by
Craig A. Lerch Jr. · License #AB060964L
(215) 778-6805
Added: Jun 22 Updated: Jul 20 at 9:48AM Checked: Jul 22 at 10:06AM
MLS# PAPH2619970
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
A well-maintained brick duplex offers two separate 2-bedroom, 1-bath units, with separate utilities for each unit. Both units include in-building washer/dryer hookups, and the property features shared basement storage. Interior details include hardwood floors, and the home includes a rear yard and a two-car garage.
The duplex is located in Northeast Philadelphia within the Rhawnhurst area, at 7979 ALGON Avenue, Philadelphia, PA 19111. The public remarks note proximity to Roosevelt Boulevard, I-95, Woodhaven Road, and Center City, as well as nearby SEPTA bus connections to the Market-Frankford Line elevated train, the Broad Street Line, and regional rail.
Both units are currently occupied, and leases are noted to be available in the document area. The lot size is listed as 0.0683 acres and the property size is listed as 1,964 square feet.
The duplex is located in Northeast Philadelphia within the Rhawnhurst area, at 7979 ALGON Avenue, Philadelphia, PA 19111. The public remarks note proximity to Roosevelt Boulevard, I-95, Woodhaven Road, and Center City, as well as nearby SEPTA bus connections to the Market-Frankford Line elevated train, the Broad Street Line, and regional rail.
Both units are currently occupied, and leases are noted to be available in the document area. The lot size is listed as 0.0683 acres and the property size is listed as 1,964 square feet.
Key Highlights
- All‑brick masonry duplex built in 1960 with two 2‑bedroom, 1‑bath units.
- Both units are occupied, with leases listed in the document area.
- Separate utilities for each unit.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $19.80 |
| − Vacancy | −$1.2k | −$0.62 |
| EGI | $37.7k | $19.18 |
| − OpEx | −$11.3k | −$5.75 |
| NOI | $26.4k | $13.43 |
1,964 SF · lease $19.80/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$376.7K
$329.6K – $439.5K
NOI $26,369 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$347.4K
$304.0K – $405.3K
NOI $24,317 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$595.5K
$521.0K – $694.7K
NOI $41,683 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units in a brick duplex with separate utilities, washer/dryer, and a two-car garage.
Where is this duplex located?
The property is located at 7979 ALGON Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: All‑brick masonry duplex built in 1960 with two 2‑bedroom, 1‑bath units.; Both units are occupied, with leases listed in the document area.; Separate utilities for each unit.
