Victorian Triplex with 5-Car
27 Garfield Avenue Norwood, PA 19074
27 Garfield Avenue, Norwood, PA, 19074
$442,500
For Sale
$442,500
Three-unit Victorian triplex offers two 1-bedroom apartments and one 2-bedroom unit, plus a detached 5-car garage.
Property Size2,912 SF
Price / SF$151.96
Days on Market353
Property Features for 27 Garfield Avenue
General Information
- Standard status
- Active
- Size
- 2,912 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
BHHS Fox & Roach-Bryn Mawr
(610) 609-1215
Listed by
Robert V Bangs · License #RS2330583
(610) 609-1215
Source
Compass
Added: Aug 4, 2025 Updated: Jul 21 at 7:09PM Checked: Jul 22 at 10:39AM
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 BHHS Fox & Roach-Bryn Mawr
Investment Insights
Based on property information with market context.
Charming Victorian triplex featuring three rental and/or owner-occupant living units. The property includes two 1-bedroom, 1-bath apartments, along with a spacious first-floor 2-bedroom, 1-bath unit. Additional improvements include a detached 5-car garage that provides parking and storage, and the opportunity for flexible use on-site.
Set on an oversized lot in a quiet, well-maintained neighborhood near the local police station. It is also positioned for convenient commuting, with an airport less than 10 miles away, a commuter rail station less than 1 mile away, and a bus stop less than 1 mile away. Schools, shopping, dining, and commuter routes are described as only minutes from the property.
The property is being sold as-is through an estate sale.
Set on an oversized lot in a quiet, well-maintained neighborhood near the local police station. It is also positioned for convenient commuting, with an airport less than 10 miles away, a commuter rail station less than 1 mile away, and a bus stop less than 1 mile away. Schools, shopping, dining, and commuter routes are described as only minutes from the property.
The property is being sold as-is through an estate sale.
Key Highlights
- Victorian triplex built in 1900 with 3 units: two 1‑bed/1‑bath apartments and one 2‑bed/1‑bath first‑floor unit
- Detached 5‑car garage for parking and storage (potential for additional rental or storage use)
- Wood floors and dining area in the property’s interior features
Local 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 | $52.4k | $18.00 |
| − Vacancy | −$6.8k | −$2.34 |
| EGI | $45.6k | $15.66 |
| − OpEx | −$13.7k | −$4.70 |
| NOI | $31.9k | $10.96 |
2,912 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$456.0K
$399.0K – $532.0K
NOI $31,918 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$417.0K
$364.9K – $486.5K
NOI $29,192 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$882.9K
$772.5K – $1.03M
NOI $61,802 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Three-unit Victorian triplex offers two 1-bedroom apartments and one 2-bedroom unit, plus a detached 5-car garage.
Where is this triplex located?
The property is located at 27 Garfield Avenue Norwood, PA.
What is the asking price?
The asking price for this property is $442,500.
What are key features of this property?
This property features: Victorian triplex built in 1900 with 3 units: two 1‑bed/1‑bath apartments and one 2‑bed/1‑bath first‑floor unit; Detached 5‑car garage for parking and storage (potential for additional rental or storage use); Wood floors and dining area in the property’s interior features
