240 West Glenwood Avenue Philadelphia, PA 19140
Well-maintained triplex with garage and potential for increased rental income.
Property Features for 240 West Glenwood Avenue
General Information
- Standard status
- Active
- Size
- 2,467 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing office Genesis Real Estate Services (215) 668-9135
Listing date Mar 13, 2026
Source Compass
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 Genesis Real Estate Services
Investment Insights
Based on property information with market context.
Key Highlights
- Strong rental income potential from a well‑maintained triplex with additional income from a detached two‑car garage.
- Finished basement with full bath and separate entrance offers flexibility.
- Each apartment features modern cabinetry, detailed trim, and ceramic tile flooring.
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 | $74.9k | $30.36 |
| − Vacancy | −$4.3k | −$1.76 |
| EGI | $70.6k | $28.60 |
| − OpEx | −$31.7k | −$12.87 |
| NOI | $38.8k | $15.73 |
