About 240-42 W Glenwood Ave
Excellent investment opportunity! Well-maintained and upgraded triplex offering strong rental income potential. Each apartment features modern cabinetry, detailed trim, and ceramic tile flooring. Property includes a detached two-car garage providing off-street parking and additional rental income. Finished basement with full bath and separate entrance offers flexibility for a fourth rental unit, in-law suite, or shared tenant space—a rare feature for this type of property. Second and third-floor units are currently vacant. First-floor unit is tenant-occupied on a month-to-month lease at $1,150/month (below market rent). Previous rents were $1,050/month for the 3rd floor and $1,100/month for the 2nd floor. The garage is currently rented for $400/month. With the newly renovated basement, rental income potential increases even further. Ideal for investors or owner-occupants seeking a strong cash-flow opportunity.
Features of 240-42 W Glenwood Ave
| MLS® # | PAPH2553390 |
|---|---|
| Price | $425,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,467 |
| Acres | 0.03 |
| Year Built | 1915 |
| Type | Multi-Family |
| Sub-Type | Triplex, End of Row/Townhouse |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 240-42 W Glenwood Ave |
|---|---|
| Area | 19140 |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19140 |
Amenities
| # of Garages | 2 |
|---|---|
| Garages | Covered Parking |
| Is Waterfront | No |
Interior
| Heating | Wall Unit |
|---|---|
| Cooling | Window Unit(s) |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Fully Finished |
Exterior
| Foundation | Slab |
|---|
School Information
| District | PHILADELPHIA CITY |
|---|
Additional Information
| Zoning | RM1 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Genesis Real Estate Services |
|---|---|
| Contact Info | (215) 226-6200 |