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About the Listing PRIMER1 - 3295800
(Cross Posted -- under commercial) 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.
Listing Highlights for 32 S Macdade Boulevard
Status
Active
Days on Site
2
Property Type
Multi-Family
MLS ®
PADE2103120
Year Built
1920
Total Square Footage
4,052
Lot/Acreage
20.00 x 102.00
Interior Details
- Bedrooms: 2
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Radiator
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4052
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 20.00 x 102.00
- Zoning: Neighborhood-scale retail/service + apartments above
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $4,453
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
32 S Macdade Boulevard Glenolden, PA 19036
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