Two-Unit Residential Income
6220 Algon Avenue Philadelphia, PA 19111
6220 Algon Avenue, Philadelphia, PA, 19111
$319,999
For Sale
$319,999
Two-unit duplex with 1-bedroom and 2-bedroom layouts plus ground-level laundry, utility, storage, and semi-finished bonus space.
Property Size1,600 SF
Price / SF$199
Days on Market129
Property Features for 6220 Algon Avenue
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1951
Listing agency
Homelink Realty
(215) 535-0898
Listed by
Hongyan Li · License #RSR002373
(215) 535-0898
Source
Compass
Added: Mar 16 Updated: Jul 21 at 5:48AM Checked: Jul 21 at 5:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homelink Realty
Investment Insights
Based on property information with market context.
This two-unit duplex offers two separate residential units along with additional ground-level space. Unit 1 includes 1 bedroom and 1 full bathroom with access to shared common areas. Unit 2 is located on the second floor and features 2 bedrooms and 1 full bathroom. The ground level includes a laundry area, utility room, storage, and a semi-finished area that can support a variety of uses.
The property is located in Philadelphia, within MLS area 19111. Public transportation is available via a bus stop located less than 1 mile from the property, and the school district is listed as PHILADELPHIA CITY.
The property is being sold in “As-Is” condition.
The property is located in Philadelphia, within MLS area 19111. Public transportation is available via a bus stop located less than 1 mile from the property, and the school district is listed as PHILADELPHIA CITY.
The property is being sold in “As-Is” condition.
Key Highlights
- Two‑unit duplex in Oxford Circle; Unit 1 has 1 bed and 1 full bath, and Unit 2 has 2 beds and 1 full bath
- Second‑floor Unit 2 layout includes 2 bedrooms and 1 full bathroom
- Ground level offers laundry area, utility room, storage, and a semi‑finished bonus space with flexible use
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 | $31.7k | $19.80 |
| − Vacancy | −$992 | −$0.62 |
| EGI | $30.7k | $19.18 |
| − OpEx | −$9.2k | −$5.75 |
| NOI | $21.5k | $13.43 |
1,600 SF · lease $19.80/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.9K
$268.5K – $358.0K
NOI $21,482 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$283.0K
$247.6K – $330.2K
NOI $19,810 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$485.1K
$424.5K – $566.0K
NOI $33,957 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with 1-bedroom and 2-bedroom layouts plus ground-level laundry, utility, storage, and semi-finished bonus space.
Where is this duplex located?
The property is located at 6220 Algon Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $319,999.
What are key features of this property?
This property features: Two‑unit duplex in Oxford Circle; Unit 1 has 1 bed and 1 full bath, and Unit 2 has 2 beds and 1 full bath; Second‑floor Unit 2 layout includes 2 bedrooms and 1 full bathroom; Ground level offers laundry area, utility room, storage, and a semi‑finished bonus space with flexible use
