Two-Unit Residential Income
8919 ALTON STREET Philadelphia, PA 19115
For Sale
$499,900
Well-maintained duplex with two occupied 2-bedroom, 1-bath units, updated kitchens, hardwood floors, and shared laundry.
Property Size2,563 SF
Price / SF$195.04
Days on Market11
Property Features for 8919 ALTON STREET
General Information
Standard status
Active
Size
2,563 SF
Property subtype
Duplex
Building Details
Year Built
1973
Listing Agency:
Re/Max One Realty
(215) 869-0359
Listed By:
Irina Lovi · License #RS221243L
(215) 869-0359
Source:
Cummingsrealtors
Added: Jul 17
Changed: Jul 25
Last Checked: Jul 27 at 6:33AM
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 Re/Max One Realty
Investment Insights
Based on property information with market context.
This two-unit residential income duplex offers two 2-bedroom, 1-bath layouts, with spacious living and dining areas and hardwood floors in each unit. Both kitchens are updated and include appliances, and each unit has ample storage space, including walk-in closet space in the primary bedroom. The property also includes a basement with a shared laundry room and additional storage.
For parking, the home features a two-car attached garage and additional driveway parking. Recent improvements include a new roof in 2023 and a new garage door.
Both units are currently occupied by long-term tenants, and the property is conveniently located within walking distance to shopping centers, supermarkets, restaurants, and public transportation.
For parking, the home features a two-car attached garage and additional driveway parking. Recent improvements include a new roof in 2023 and a new garage door.
Both units are currently occupied by long-term tenants, and the property is conveniently located within walking distance to shopping centers, supermarkets, restaurants, and public transportation.
Key Highlights
- Duplex built in 1973 with 2 occupied units, each with 2 bedrooms and 1 bath
- Updated kitchens and appliances in both units
- Hardwood floors in each unit
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 | $66.1k | $25.80 |
| − Vacancy | −$3.6k | −$1.42 |
| EGI | $62.5k | $24.38 |
| − OpEx | −$18.7k | −$7.31 |
| NOI | $43.7k | $17.06 |
2,563 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$624.8K
$546.7K – $729.0K
NOI $43,737 @ 7.0% cap · market cap 8.75%
Second Best
Apartment 5plus
$575.9K
$503.9K – $671.9K
NOI $40,315 @ 7.0% cap · market cap 8.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two occupied 2-bedroom, 1-bath units, updated kitchens, hardwood floors, and shared laundry.
Where is this duplex located?
The property is located at 8919 ALTON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Duplex built in 1973 with 2 occupied units, each with 2 bedrooms and 1 bath; Updated kitchens and appliances in both units; Hardwood floors in each unit
