Two-Story Detached Residential Income
For Sale
$242,500
105 GARFIELD Avenue, Norwood, PA 19074
MULTI_FAMILY - Other - NORWOOD, PA
Property Size2,100 SF
Lot Size0.09 Acres
Price / SF$115.48
Days on Market86
Property Features for 105 GARFIELD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Driveway
Fireplace
1
High school
INTERBORO SENIOR
Elementary school district
INTERBORO
Middle school district
INTERBORO
High school district
INTERBORO
Standard status
Active
Size
2,100 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
8149
Utilities
Heating system
Forced Air
Building Details
Year built
1952
Number of units
1
Building materials
Vinyl Siding, Aluminum Siding
Architectural style
Other
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(717) 553-2500
Listed By:
Dan J Zecher · License #RS346573
(717) 406-8316
Added: May 11
Changed: Aug 4
Last Checked: Aug 4 at 5:06PM
MLS# PADE2114254
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story detached home is offered for sale as-is and presents a conversion or renovation opportunity. The property is currently arranged with five bedrooms and three bathrooms, and it includes original hardwood floors throughout. A stone fireplace serves as a focal point in the first-floor living room, while the kitchen has been stripped and opens to the living and dining areas for redesign flexibility. The home is also set up with a primary bedroom and en-suite bath, plus two additional full bathrooms. Natural gas heating and a natural gas hot water heater are in place. Some demo work has already been completed, providing a head start for the next owner’s plans.
The property has been used as a multi-unit in the past and features an existing separate entrance to the top floor, along with two electric meters. Any changes to use or occupancy based on a buyer’s plans would be subject to local borough approval.
For investors and owner-occupants looking for a residential income project, the existing layout and multi-unit history can support renovation toward either a multi-unit configuration or a single-family setup. Cash sale only is required for this offering, and buyer renovation and occupancy plans must align with applicable local approvals.
The property has been used as a multi-unit in the past and features an existing separate entrance to the top floor, along with two electric meters. Any changes to use or occupancy based on a buyer’s plans would be subject to local borough approval.
For investors and owner-occupants looking for a residential income project, the existing layout and multi-unit history can support renovation toward either a multi-unit configuration or a single-family setup. Cash sale only is required for this offering, and buyer renovation and occupancy plans must align with applicable local approvals.
Key Highlights
- Multi‑unit or single‑family conversion potential.
- Separate entrance to the top floor and two electric meters already in place.
- Original hardwood floors throughout.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.4k | $21.12 |
| − Vacancy | −$6.1k | −$2.89 |
| EGI | $38.3k | $18.23 |
| − OpEx | −$17.2k | −$8.20 |
| NOI | $21.1k | $10.02 |
2,100 SF · lease $21.12/SF/yr · vacancy 13.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$300.7K
$263.2K – $350.9K
NOI $21,052 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$636.7K
$557.1K – $742.8K
NOI $44,569 @ 7.0% cap · market cap 18.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
Demographics for 19074, PA
5,943
Population
2,513
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
94%
High-School Grad
0.8 sq mi
ZIP Area
7,429
Density / Sq Mi
$89,135
Median Household Income
$49,098
Median Earnings
$1,247
Median Rent
$227,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Detached two-story property with prior multi-unit configuration and separate entrance, offered as-is for renovation.
Where is this single family property located?
The property is located at 105 GARFIELD Avenue Norwood, PA.
What is the asking price?
The asking price for this property is $242,500.
What are key features of this property?
This property features: Multi‑unit or single‑family conversion potential.; Separate entrance to the top floor and two electric meters already in place.; Original hardwood floors throughout.
