Renovated Duplex with Two-Car
For Sale
$499,000
Pending
8322 ALMA STREET, Philadelphia, PA 19152
Two residences feature updated kitchens and bathrooms, central air conditioning, and separate laundry areas.
Property Size1,480 SF
Days on Market69
Property Features for 8322 ALMA STREET
General Information
Standard status
Pending
Size
1,480 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Neighborhood
Northeast Philadelphia
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Amenities
central air conditioning
laundry areas
Building Details
Year Built
1954
Listing Agency:
Compass Pennsylvania, LLC
(267) 380-5813
Listed By:
Kia C. Brown · License #RS324069
(610) 420-1652
Source:
Cummingsrealtors
Added: Aug 16
Changed: Oct 21
Last Checked: Oct 23 at 8:33AM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This duplex contains two separate residences with a one-bedroom layout on the first floor and a two-bedroom layout upstairs. Each unit includes a renovated kitchen, an updated bathroom, central air conditioning, and its own laundry area. The property provides 1,480 square feet of space and was built in 1954.
A two-car garage adds on-site parking and storage. The property is located at 8322 Alma Street in Philadelphia, Pennsylvania 19152, placing both units and the garage within a single residential income property.
A two-car garage adds on-site parking and storage. The property is located at 8322 Alma Street in Philadelphia, Pennsylvania 19152, placing both units and the garage within a single residential income property.
Key Highlights
- Two‑unit duplex with one first‑floor bedroom and two second‑floor bedrooms
- 1,480 square feet; built in 1954
- Renovated kitchens and updated bathrooms in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,256
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,120
$505.1K
Cap Rate 7%
$360,800
$360.8K
Cap Rate 9%
$280,622
$280.6K
Market Conditions
NOI Build-Up for 1,480 SF
Gross rent
$38.2K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$36.1K $24.38/SF
− OpEx
−$10.8K −$7.31/SF
NOI
$25.3K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,120
Cap Rate 7%
$360,800
Cap Rate 9%
$280,622
Alternative Uses
Best Use
Multifamily LT 5
$360.8K
$315.7K – $420.9K
NOI $25,256 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$332.6K
$291.0K – $388.0K
NOI $23,280 @ 7.0% cap · market cap 4.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,262
Businesses Nearby
Explore this area
Business Placement
Demographics for 19152, PA
35,911
Population
13,715
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
88%
High-School Grad
2.9 sq mi
ZIP Area
12,383
Density / Sq Mi
$57,966
Median Household Income
$40,428
Median Earnings
$1,236
Median Rent
$270,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature updated kitchens and bathrooms, central air conditioning, and separate laundry areas.
Where is this duplex located?
The property is located at 8322 ALMA STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit duplex with one first‑floor bedroom and two second‑floor bedrooms; 1,480 square feet; built in 1954; Renovated kitchens and updated bathrooms in both residences
