Brick Duplex with Two-Car
7979 Algon Avenue Philadelphia, PA 19111
7979 Algon Avenue, Philadelphia, PA, 19111
$450,000
For Sale
$450,000
All-brick duplex with two 2-bed, 1-bath units, separate utilities, in-unit washer/dryer, and a two-car garage.
Property Size1,964 SF
Price / SF$229.12
Days on Market32
Property Features for 7979 Algon Avenue
General Information
- Standard status
- Active
- Size
- 1,964 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1960
Listing agency
EXP Realty, LLC
(215) 778-6805
Listed by
Craig A. Lerch Jr. · License #AB060964L
(215) 778-6805
Source
Compass
Added: Jun 21 Updated: Jul 21 at 8:58AM Checked: Jul 21 at 8:58AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
All-brick duplex offering two separate 2-bedroom, 1-bath units. Each unit has separate utilities, and both benefit from in-building washer/dryer. The property also includes shared basement storage, hardwood floors, and a rear yard. A two-car garage adds off-street parking convenience for residents.
Located in Rhawnhurst in Northeast Philadelphia at 7979 Algon Avenue. The listing notes proximity to Roosevelt Boulevard, I-95, Woodhaven Road, and access routes to Center City. SEPTA bus connections are described as providing access to the Market-Frankford Line, Broad Street Line, and regional rail.
Both units are currently occupied, with leases referenced in the document area. This configuration supports an owner-occupant plan where one unit can be lived in while the other provides rental income.
Located in Rhawnhurst in Northeast Philadelphia at 7979 Algon Avenue. The listing notes proximity to Roosevelt Boulevard, I-95, Woodhaven Road, and access routes to Center City. SEPTA bus connections are described as providing access to the Market-Frankford Line, Broad Street Line, and regional rail.
Both units are currently occupied, with leases referenced in the document area. This configuration supports an owner-occupant plan where one unit can be lived in while the other provides rental income.
Key Highlights
- All‑brick duplex built in 1960 with two 2‑bedroom, 1‑bath units
- Each unit has separate utilities for tenant‑by‑tenant convenience
- In‑building washer/dryer in both units
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
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - All-brick duplex with two 2-bed, 1-bath units, separate utilities, in-unit 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 duplex built in 1960 with two 2‑bedroom, 1‑bath units; Each unit has separate utilities for tenant‑by‑tenant convenience; In‑building washer/dryer in both units
