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 $172
MLS Listing ID PAPH2553390
Style Traditional
Abv Grd Liv Area 2,467
Year Built 1915
Annual Tax Amount $5,835
Tax Year 2025
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
Excellent investment opportunity! Well-maintained and upgraded triplex offering strong rental income potential. Each apartment features modern cabinetry, detailed trim, and ceramic tile flooring. Property includes a detached two-car garage providing off-street parking and additional rental income.
Finished basement with full bath and separate entrance offers flexibility for a fourth rental unit, in-law suite, or shared tenant space—a rare feature for this type of property.
Second and third-floor units are currently vacant. First-floor unit is tenant-occupied on a month-to-month lease at $1,150/month (below market rent). Previous rents were $1,050/month for the 3rd floor and $1,100/month for the 2nd floor. The garage is currently rented for $400/month.
With the newly renovated basement, rental income potential increases even further. Ideal for investors or owner-occupants seeking a strong cash-flow opportunity.
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning RM1
Rooms
Basement Fully Finished
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
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 2
Garage Y
Building
Foundation Slab
Above Ground Finished SqFt 2467
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 2467
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard