Residential Income
1864 Glendale Avenue Philadelphia, PA 19111
1864 Glendale Avenue, Philadelphia, PA, 19111
$580,000
Pending
For Sale
$580,000
Pending
For sale residential income property at 1864 Glendale Avenue with approximately 2,564 sq. ft.
Property Size2,564 SF
Days on Market38
Property Features for 1864 Glendale Avenue
General Information
- Standard status
- Pending
- Size
- 2,564 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1958
Listing agency
Bright Home Realty, LLC
(267) 770-8240
Listed by
Xia Huang · License #RS337075
(267) 770-8240
Source
Compass
Added: Jun 15 Updated: Jul 21 at 6:47PM Checked: Jul 22 at 8:20AM
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 Bright Home Realty, LLC
Investment Insights
Based on property information with market context.
Offered for sale, 1864 Glendale Avenue is categorized as an other residential income property. The property has an indicated size of approximately 2,564 sq. ft., making it suited for investors seeking a residential income asset.
The listing identifies the county as PHILADELPHIA and notes the School District Name as PHILADELPHIA CITY, sourced from the listing agent. The property is located at 1864 Glendale Avenue in Philadelphia, PA 19111.
With limited additional details provided, interested parties should review the offering materials for specifics on layout and current configuration.
The listing identifies the county as PHILADELPHIA and notes the School District Name as PHILADELPHIA CITY, sourced from the listing agent. The property is located at 1864 Glendale Avenue in Philadelphia, PA 19111.
With limited additional details provided, interested parties should review the offering materials for specifics on layout and current configuration.
Key Highlights
- Residential income property at 1864 Glendale Avenue
- Approximately 2,564 sq. ft. (per listing description)
- Built in 1958
Local 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 | $59.7k | $23.28 |
| − Vacancy | −$2.0k | −$0.77 |
| EGI | $57.7k | $22.51 |
| − OpEx | −$26.0k | −$10.13 |
| NOI | $31.7k | $12.38 |
2,564 SF · lease $23.28/SF/yr · vacancy 3.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$453.5K
$396.8K – $529.1K
NOI $31,746 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.4K
$680.2K – $907.0K
NOI $54,417 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - For sale residential income property at 1864 Glendale Avenue with approximately 2,564 sq. ft.
Where is this residential income property located?
The property is located at 1864 Glendale Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Residential income property at 1864 Glendale Avenue; Approximately 2,564 sq. ft. (per listing description); Built in 1958
