Vacant 1+2 Duplex with
6228 ALGON Avenue Philadelphia, PA 19111
6228 ALGON Avenue, Philadelphia, PA, 19111
$310,000
For Sale
$310,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,600 SF
Lot Size0.02 Acres
Price / SF$193.75
Days on Market13
Property Features for 6228 ALGON Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 1
- Parking features
- Garage - Attached
- Appliances
- Dryer, Washer
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3978
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1951
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agency
Coldwell Banker Hearthside Realtors
(215) 379-2002
Listed by
Ned P Graham · License #AB061000L
(215) 740-3813
Added: Jul 10 Updated: Jul 15 at 5:51PM Checked: Jul 22 at 4:06PM
MLS# PAPH2644832
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.
This vacant 1+2 duplex is set up with all separate utilities and separate basement storage bins. The property includes a newer 2nd-floor bath and a 1st-floor kitchen featuring a newer stove, sink, and granite countertop. Additional updates include brand new electric boxes, several newer Anderson Renewal windows, and a roof replacement completed in 2018. Laundry amenities are provided by a washer/dryer in the basement, and each unit has its own refrigerator. The 2nd-floor apartment has commercial-grade carpeting.
A large garage area offers space to use or rent, and parking is also available in the driveway. Units are described as clean and ready to go.
The listing highlights that the duplex is currently vacant, giving incoming owners immediate occupancy or rental readiness depending on their plans.
A large garage area offers space to use or rent, and parking is also available in the driveway. Units are described as clean and ready to go.
The listing highlights that the duplex is currently vacant, giving incoming owners immediate occupancy or rental readiness depending on their plans.
Key Highlights
- 1+2 duplex built in 1951 with masonry construction, forced‑air heating, and attached garage parking
- All separate utilities and separate basement storage bins for each unit
- Improvements include roof replacement in 2018, newer Anderson Renewal windows, and brand new electric boxes
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 6.93%
Second Best
Apartment 5plus
$283.0K
$247.6K – $330.2K
NOI $19,810 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$485.1K
$424.5K – $566.0K
NOI $33,957 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Vacant 1+2 duplex offers separate utilities, basement storage, and a large garage area with driveway parking.
Where is this duplex located?
The property is located at 6228 ALGON Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1+2 duplex built in 1951 with masonry construction, forced‑air heating, and attached garage parking; All separate utilities and separate basement storage bins for each unit; Improvements include roof replacement in 2018, newer Anderson Renewal windows, and brand new electric boxes
