240-42 W GLENWOOD AVE Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19140
Key Details
Property Type 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
Year Built 1915
Annual Tax Amount $5,835
Tax Year 2025
Lot Size 1,302 Sqft
Property Sub-Type End of Row/Townhouse
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
Interior
Hot Water Electric
Heating Wall Unit
Cooling Window Unit(s)
Exterior
Parking Features Covered Parking
Garage Spaces 2.0
Water Access N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard