Three-Unit Corner
1 South MacDade Boulevard Glenolden, PA 19036
For Sale
$319,900
Pending
Freestanding triplex with three one-bedroom apartments and private parking on a corner lot.
Property Size1,600 SF
Days on Market711
Property Features for 1 South MacDade Boulevard
General Information
- Standard status
- Pending
- Size
- 1,600 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1945
Listing Agency:
Long & Foster Real Estate, Inc.
(484) 222-8804
Listed By:
Michael Mulholland · License #RS277114
(484) 222-8804
Source:
Compass
Added: Aug 12, 2024
Changed: Jul 23
Last Checked: Jul 23 at 12:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This freestanding triplex offers three one-bedroom apartments within a single building configuration. The property includes private parking, supporting straightforward day-to-day use for tenants.
Set on a corner lot at the noted intersection of 1 S MacDade Blvd in Glenolden, the location is described as within walking distance to shopping, schools, parks, public transportation, and the Glenolden train station. The remarks also indicate quick access to I-95, I-476, and Philadelphia International Airport.
A commercial bar is described as next door and is also for sale, with the potential for inclusion in a package deal with or without a liquor license. Additional details are available by request.
Set on a corner lot at the noted intersection of 1 S MacDade Blvd in Glenolden, the location is described as within walking distance to shopping, schools, parks, public transportation, and the Glenolden train station. The remarks also indicate quick access to I-95, I-476, and Philadelphia International Airport.
A commercial bar is described as next door and is also for sale, with the potential for inclusion in a package deal with or without a liquor license. Additional details are available by request.
Key Highlights
- Freestanding triplex on a corner lot with three 1‑bedroom apartments
- Private parking included
- Built in 1945
Financial Insights For Multifamily LT 5
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 | $28.8k | $18.00 |
| − Vacancy | −$3.7k | −$2.34 |
| EGI | $25.1k | $15.66 |
| − OpEx | −$7.5k | −$4.70 |
| NOI | $17.5k | $10.96 |
1,600 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$250.5K
$219.2K – $292.3K
NOI $17,537 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$229.1K
$200.5K – $267.3K
NOI $16,039 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$485.1K
$424.5K – $566.0K
NOI $33,957 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Freestanding triplex with three one-bedroom apartments and private parking on a corner lot.
Where is this triplex located?
The property is located at 1 South MacDade Boulevard Glenolden, PA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Freestanding triplex on a corner lot with three 1‑bedroom apartments; Private parking included; Built in 1945
