60
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$415,000
Est. payment /mo
3,317 Sqft Lot
Pending
7631 ALGON AVE Philadelphia, PA 19111
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PAPH2567442
Year Built 1960
Annual Tax Amount $5,086
Tax Year 2025
Lot Size 3,317 Sqft
Acres 0.08
Lot Dimensions 28.00 x 119.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Discover an incredible multi-unit opportunity in the heart of Northeast Philadelphia, perfect for both investors and owner-occupants. This well-maintained corner property offers exceptional versatility, strong income potential, and the kind of location that keeps demand high year-round. The first floor is currently rented as office space, at well below market value, creating immediate room for increased income. This level features multiple rooms, central air, and a flexible layout that gives the new owner the option to convert it into a spacious three-bedroom residential unit. Whether you choose to keep it as commercial space or transform it into a rental apartment, the upside is undeniable. The upper unit is a bright and expansive three-bedroom, two-bathroom residence. Clean, inviting, and well cared for, it offers generous living space and plenty of natural light. This unit is ideal for an owner to occupy or for use as a highly desirable rental unit. Additional property features include access to a private laundry area, a backyard that provides private parking, and a layout that appeals to a wide range of tenants and buyers. Its convenient Northeast Philadelphia location places you near supermarkets, shopping centers, parks, restaurants, schools, major highways, and public transportation. It has everything needed for comfortable daily living and excellent rental appeal. Whether you're expanding your investment portfolio or looking for a home where rental income can cover a significant portion of your mortgage, this property delivers exceptional value. Opportunities like this are rare in such a sought-after area. Schedule your appointment today. This is one you won't want to miss!
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning RSA3
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C, Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Water Access N
Accessibility None
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871000215
Ownership Fee Simple
Special Listing Condition Standard
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