Two-Unit Residential Income
For Sale
$499,900
8919 ALTON Street, Philadelphia, PA 19115
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,563 SF
Lot Size0.06 Acres
Price / SF$195.04
Days on Market15
Property Features for 8919 ALTON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Garage - Attached, Driveway, On Street
Interior features
Ceiling Fan(s), Store/Office
Subdivision
PINE VALLEY
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,563 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4619
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1973
Number of units
2
Building materials
Brick, Block, Masonry
Listing Agency:
Re/Max One Realty · RE/MAX International
(215) 953-8800
Listed By:
Irina Lovi · License #RS221243L
(215) 869-0359
Added: Jul 20
Last Checked: Aug 3 at 6:06AM
MLS# PAPH2650088
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.
Investment Insights
Based on property information with market context.
This for-sale two-unit residential income property features two 2-bedroom, 1-bath apartments, each with a spacious living and dining area. Hardwood floors are present in both units, and the kitchens have been updated along with appliances. Additional storage is available throughout, and each unit includes a primary bedroom with a walk-in closet. The property also includes a basement with a shared laundry room and storage area.
Outside, there is a two-car attached garage with additional driveway parking. The roof was replaced in 2023, and a new garage door has been installed.
Both units are currently occupied by long-term tenants. The home is described as conveniently located within walking distance to shopping centers, supermarkets, restaurants, and public transportation.
Outside, there is a two-car attached garage with additional driveway parking. The roof was replaced in 2023, and a new garage door has been installed.
Both units are currently occupied by long-term tenants. The home is described as conveniently located within walking distance to shopping centers, supermarkets, restaurants, and public transportation.
Key Highlights
- Two‑unit property with each unit featuring 2 bedrooms and 1 bath
- New roof in 2023
- Central air and forced‑air heating
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
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 19115, PA
35,919
Population
15,071
Households
2.4
Avg Household Size
44
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,908
Density / Sq Mi
$70,388
Median Household Income
$48,949
Median Earnings
$1,230
Median Rent
$330,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied 2-bedroom, 1-bath units with updated kitchens, hardwood floors, and shared laundry in the basement.
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: Two‑unit property with each unit featuring 2 bedrooms and 1 bath; New roof in 2023; Central air and forced‑air heating
