240-42 W GLENWOOD AVE new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19140
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,467 sqft
Price per Sqft $162
MLS Listing ID PAPH2488654
Style Traditional
Abv Grd Liv Area 2,467
Year Built 1915
Annual Tax Amount $5,835
Tax Year 2024
Lot Size 1,302 Sqft
Acres 0.03
Lot Dimensions 65.00 x 66.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
A well-maintained triplex offering exceptional rental income potential. Each of the three spacious units features 2 bedrooms, a full bath, and a kitchen, making this a desirable choice for tenants seeking comfortable living in a convenient location. The property includes a detached 2-car garage, providing off-street parking and additional rental income. A major bonus is the finished basement with a full bath and a separate entrance, offering the flexibility to be used as a fourth rental unit, in-law suite, or communal tenant space, a rare feature for these kinds of properties. Currently the 2nd and 3rd floor are empty, 1st floor is tenant occupied on a month to month lease. Previous leases were $1000/month for 3rd floor, $1100/month for 2nd floor, current tenant pays $1150/month for first floor. Garage is rented out for $400/month. Adding in the freshly renovated basement and the numbers only get better. Whether you're expanding your portfolio or looking for a smart house-hack opportunity, this triplex could become one of your best investments.
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning RM1
Interior
Hot Water Electric
Heating Wall Unit
Cooling Window Unit(s)
Fireplace N
Heat Source Electric
Exterior
Parking Features Covered Parking
Garage Spaces 2.0
Utilities Available Electric Available,Water Available,Sewer Available
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 2
Garage Y
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 193253800
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard