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!
Listed by Eric Lerman
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License #RS339653
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Keller Williams Real Estate Tri-County
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2672052526
Last updated December 09, 2025
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Source: BrightMLS #PAPH2565680
Listing Facts
TypeMulti-family
NeighborhoodRhawnhurst
Days on Prevu3
Taxes$5,086/year
Size2,310 sqft
Price per sqft$180
Amenities
Parking
Location
Mortgage Calculator
Listing History
12/09/2025
Listed by Keller Williams Real Estate Tri-County
$415,000
Property Details for 7631 Algon Avenue
Exterior
Construction
New Construction: No
Number Of Units Total: 2
Year Built: 1960
Architectural Style: Straight Thru, Unit/Flat
Construction Materials: Masonry
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.08
Lot Size Dimensions: 28
Lot Size Source: Assessor
Lot Size Square Feet: 3,317
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $5,086.00
Tax Year: 2025
Interior
Features
Fireplace: No
Measurements
Living Area: 2,310
Living Area Source: Assessor
Other
Location
Subdivision Name: RHAWNHURST
Tax Lot: 435
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Window Unit(s), Central A/C
Heating: 90% Forced Air
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 7631 Algon Avenue.
What are the annual taxes for 7631 Algon Avenue?
Annual taxes for this multi-family home are estimated at $5,086.
How does 7631 Algon Avenue compare to other multi-family homes in Rhawnhurst?
This multi-family home is listed 5% above the average price for multi-family homes in Rhawnhurst and has been on the market for 50 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 2,310 sqft.
7631 Algon Avenue is a -bedroom multi-family home for sale in PHILADELPHIA PA 19111. On Prevu for 3 days at $415,000. This residence features 2,310 square feet of living space, located in Rhawnhurst. The median listing price for multi-family homes in this area is $335,000. Property amenities include parking. Browse more multi-family home listings in Philadelphia.
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