7979 ALGON Avenue, Philadelphia, PA 19111
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Jun 22, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 28 at 6:06 am
Property Features for 7979 ALGON Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 1
- Parking features
- Driveway, Garage - Attached
- 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 agent Craig A. Lerch Jr. License #AB060964L (215) 778-6805
Listing office EXP Realty, LLC 479 Old York Road unit: B, Philadelphia, PA (888) 397-7352
Listing date Jun 22, 2026
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.
HighLights
- All‑brick/masonry duplex built in 1960 with two separate 2‑bedroom, 1‑bath units
- Both units are currently occupied (leases referenced in document area), supporting immediate rental income
- Each unit has separate utilities
- Attached garage (2‑car) plus driveway parking
- Shared basement storage and in‑building washer/dryer for both occupants
- Convenient commuting near Roosevelt Boulevard and I‑95, with SEPTA bus connections to Market‑Frankford and Broad Street Lines (walk score 78)
Overview
The property is located in Rhawnhurst in Northeast Philadelphia, with commuter access to Roosevelt Boulevard, I-95, Woodhaven Road, and Center City. Public transportation is described as steps away, with SEPTA bus connections to the Market-Frankford Line elevated train, the Broad Street Line, and regional rail.
Both units are currently occupied, with leases noted as available in the document area. The combination of separate utilities and in-unit laundry supports easy day-to-day operation for an owner-occupant or an investor seeking practical income from a straightforward two-family setup. The duplex’s durable brick construction and added parking/storage amenities, including a two-car garage and basement storage, round out a turnkey configuration for tenants.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.0631332
- Latitude
- 40.0655899
