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Mixed-Use Warehouse and Apartments

GLENSIDE, PA 19038 Glenside, PA 19038

Glenside, PA, 19038
$275,000
Pending
For Sale
Claim this Listing
$275,000
Pending

MULTI_FAMILY - GLENSIDE, PA

Property Size2,240 SF
AddedJun 29
Days on Market17
Last RefreshJul 15 at 9:06 pm

Property Features

General Information

Property type
Residential Multi Family
Property subtype
Single Family Residence
Standard status
Pending
Size
2,240 SF

Building Details

Year built
1850

Listing agent Pat Bezek

Listing office BHHS Fox & Roach Jenkintown Home Marketing Center PA

Listing date Jun 29, 2026

MLS# PAMC2185766

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 mixed-use property includes an unfinished first-floor warehouse space being used by the Seller, along with two updated two-bedroom apartments on the second floor. The apartments include kitchens, baths, and living/dining areas.

A separate side entrance provides access to the apartments as well as the laundry rooms and mechanical area. An additional room on the first floor is already plumbed for a future full bath. The property is being sold in its present condition, and the Seller will make no repairs or improvements, including any Township Use & Occupancy requirements.

Buyer and buyer’s agents are responsible for verifying any intended use with the Township. Minimum 24-hour notice is required for showings, and all offers are considered.

Key Highlights

  • Mixed‑use commercial property with an 1850 build year
  • First‑floor unfinished warehouse space currently being used by the seller
  • Second‑floor has two updated 2‑bedroom apartments with kitchens, baths, and living/dining areas

Local Financial Insights For Warehouse

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 $29.3k $13.08
− Vacancy −$2.3k −$1.05
EGI $27.0k $12.03
− OpEx −$4.0k −$1.81
NOI $22.9k $10.23
2,240 SF · lease $13.08/SF/yr · vacancy 8.00% · expense 15.00%

Alternative Uses

Best Use
Multifamily LT 5
$465.0K
$406.8K – $542.5K (±1% cap)
NOI $32,547 @ 7.0% cap · market cap 11.84%
Second Best
Apartment 5plus
$432.3K
$378.3K – $504.4K (±1% cap)
NOI $30,263 @ 7.0% cap · market cap 11.00%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.50M (±1% cap)
NOI $90,193 @ 7.0% cap · market cap 32.80%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

FAQs

What type of property is this?
Duplex - Mixed-use property with unfinished first-floor warehouse space and two updated second-floor two-bedroom apartments.
Where is this duplex located?
The property is located at Glenside, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Mixed‑use commercial property with an 1850 build year; First‑floor unfinished warehouse space currently being used by the seller; Second‑floor has two updated 2‑bedroom apartments with kitchens, baths, and living/dining areas
Contact an agent
More about this property
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