Ranch-Style Residential Income
8527 ALGON AVENUE Philadelphia, PA 19152
For Sale
$350,000
Pending
SINGLE_FAMILY - PHILADELPHIA, PA
Property Size1,066 SF
Days on Market38
Property Features for 8527 ALGON AVENUE
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3
- Standard status
- Pending
- Size
- 1,066 SF
Building Details
- Year built
- 1960
Listing Agency:
BHHS Fox & Roach Marlton-Voorhees Home Marketing Center
(856) 810-5300
Listed By:
Janneza Roane
(267) 577-1936
Added: Jun 18
Changed: Jul 23
Last Checked: Jul 25 at 4:06AM
MLS# PAPH2638770
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 updated, move-in-ready ranch-style home offers one-floor living with three bedrooms and 1.5 bathrooms. The main level includes a spacious living room, formal dining area, updated kitchen, and a fully remodeled bathroom. A finished basement adds additional flexible living space, along with a convenient half bath, separate laundry area, and ample storage.
The home features an inviting front patio. It is located near shopping, restaurants, schools, public transportation, and major roadways.
With modern updates throughout and room to spread out between the main level and finished basement, the property is well suited for residential owner-occupants seeking a comfortable, functional layout.
The home features an inviting front patio. It is located near shopping, restaurants, schools, public transportation, and major roadways.
With modern updates throughout and room to spread out between the main level and finished basement, the property is well suited for residential owner-occupants seeking a comfortable, functional layout.
Key Highlights
- Ranch‑style home built in 1960 with one‑floor living
- 3 bedrooms and 1.5 bathrooms
- Updated main‑level kitchen, spacious living room, and formal dining area
Financial Insights For Apartment 5plus
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 | $32.4k | $30.36 |
| − Vacancy | −$1.9k | −$1.76 |
| EGI | $30.5k | $28.60 |
| − OpEx | −$13.7k | −$12.87 |
| NOI | $16.8k | $15.73 |
1,066 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$239.5K
$209.6K – $279.5K
NOI $16,768 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$259.9K
$227.4K – $303.2K
NOI $18,191 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - Ranch-style home with three bedrooms, 1.5 baths, and a finished basement with a half bath and separate laundry area.
Where is this single family property located?
The property is located at 8527 ALGON AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Ranch‑style home built in 1960 with one‑floor living; 3 bedrooms and 1.5 bathrooms; Updated main‑level kitchen, spacious living room, and formal dining area
