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Listed by Lauren Quinn • Prime Realty Partners
$335,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PADE2102912
Year Built 1920
Available Date 2025-11-01
Annual Tax Amount $4,453
Tax Year 2024
Lot Dimensions 20.00 x 102.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Excellent investment opportunity in the heart of Glenolden Borough! This mixed-use, four-unit property features a glass shop storefront on the main level plus three residential apartments above — one studio and two one-bedroom units. Fully occupied potential income of $4,000/month ($48,000/year) with the vacant one-bedroom ready to rent. Owner pays cold water and gas heat for the building; tenants cover electric and other utilities. Annual expenses include approximately $4,500 taxes, $4,500 insurance, and $8,000 utilities, yielding a Net Operating Income (NOI) of about $31,000.
At the $335,000 list price, this property delivers a strong 9.25% cap rate with room for upside through rent increases or individual utility separation. Prime visibility along MacDade Blvd, near public transportation, shopping, and major commuter routes. A perfect opportunity for investors seeking stable cash flow in a growing area.
At the $335,000 list price, this property delivers a strong 9.25% cap rate with room for upside through rent increases or individual utility separation. Prime visibility along MacDade Blvd, near public transportation, shopping, and major commuter routes. A perfect opportunity for investors seeking stable cash flow in a growing area.
Location
State PA
County Delaware
Area Glenolden Boro (10421)
Zoning B1
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Interboro
Others
Tax ID 21-00-01369-00
Ownership Fee Simple
Acceptable Financing Cash, Private, Other
Listing Terms Cash, Private, Other
Financing Cash,Private,Other
Special Listing Condition Standard
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