Triplex with Detached
For Sale
$425,000
240-42 W GLENWOOD Avenue, Philadelphia, PA 19140
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,467 SF
Lot Size0.03 Acres
Price / SF$172.27
Days on Market52
Property Features for 240-42 W GLENWOOD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
Off Street, Garage - Detached, On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,467 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
5836
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1915
Number of units
4
Building materials
Masonry
Architectural style
Other
Listing Agency:
Genesis Real Estate Services
(215) 226-6200
Listed By:
Maria I Falu-Rodriguez · License #RM422414
(215) 668-9135
Added: Jun 10
Changed: Jul 9
Last Checked: Jul 31 at 11:06AM
MLS# PAPH2632556
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 for-sale triplex at 240-42 W Glenwood Avenue includes three apartment units and a detached two-car garage. The residences have been updated with modern cabinetry, detailed trim, and ceramic tile flooring. A finished basement with a full bath and a separate entrance adds flexibility for additional living or rental use depending on how the space is configured. The property size is listed as 2,467 square feet.
The first-floor and third-floor units are currently vacant, while the second-floor unit is tenant-occupied on a month-to-month lease. Reported rent for the occupied unit is $1,100 per month. Historical rents are noted as $1,300 per month for the first-floor unit and $1,000 per month for the third-floor unit. The detached garage is currently rented for $400 per month.
For buyers and owner-occupants, the mix of renovated interiors, off-street parking via the detached garage, and the basement’s separate entrance can support multiple occupancy approaches—ranging from classic unit-by-unit rental to alternative usage of the lower level. The current vacancy on two floors may also streamline future leasing plans compared to fully occupied properties.
The first-floor and third-floor units are currently vacant, while the second-floor unit is tenant-occupied on a month-to-month lease. Reported rent for the occupied unit is $1,100 per month. Historical rents are noted as $1,300 per month for the first-floor unit and $1,000 per month for the third-floor unit. The detached garage is currently rented for $400 per month.
For buyers and owner-occupants, the mix of renovated interiors, off-street parking via the detached garage, and the basement’s separate entrance can support multiple occupancy approaches—ranging from classic unit-by-unit rental to alternative usage of the lower level. The current vacancy on two floors may also streamline future leasing plans compared to fully occupied properties.
Key Highlights
- Triplex built in 1915 with masonry construction and a detached two‑car garage
- Second‑floor unit is tenant‑occupied month‑to‑month at $1,100/month
- First‑floor and third‑floor units are currently vacant
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 | $74.9k | $30.36 |
| − Vacancy | −$4.3k | −$1.76 |
| EGI | $70.6k | $28.60 |
| − OpEx | −$31.7k | −$12.87 |
| NOI | $38.8k | $15.73 |
2,467 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$601.4K
$526.2K – $701.7K
NOI $42,099 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$554.4K
$485.1K – $646.8K
NOI $38,805 @ 7.0% cap · market cap 9.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,366
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovated triplex with updated interiors, a detached two-car garage, and a finished basement with separate entrance.
Where is this quadplex located?
The property is located at 240-42 W GLENWOOD Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Triplex built in 1915 with masonry construction and a detached two‑car garage; Second‑floor unit is tenant‑occupied month‑to‑month at $1,100/month; First‑floor and third‑floor units are currently vacant
