240-42 W Glenwood Avenue, Philadelphia, PA 19140-5746 $375,000

# of Units: 3
Interior Sq. Ft: 3,167
Acreage: 0.03
Age:110 years
Taxes: $5,835
MLS#: PAPH2488654
Design/Type:
End of Row/Townhouse

Description

A well-maintained triplex offering exceptional rental income potential. Each of the three spacious units features 2 bedrooms, a full bath, and a kitchen, making this a desirable choice for tenants seeking comfortable living in a convenient location. The property includes a detached 2-car garage, providing off-street parking and additional rental income. A major bonus is the finished basement with a full bath and a separate entrance, offering the flexibility to be used as a fourth rental unit, in-law suite, or communal tenant space, a rare feature for these kinds of properties. Currently the 2nd and 3rd floor are empty, 1st floor is tenant occupied on a month to month lease. Previous leases were $1000/month for 3rd floor, $1100/month for 2nd floor, current tenant pays $1150/month for first floor. Garage is rented out for $400/month. Adding in the freshly renovated basement and the numbers only get better. Whether you're expanding your portfolio or looking for a smart house-hack opportunity, this triplex could become one of your best investments.

Taxes: $5,835
Home Assoc: No
Condo Assoc: No
Garage: Y
Basement: Y
Pool: No Pool
School Dist: Philadelphia City

Features

Utilities
Wall Unit Heating, Electric, Window Unit(s) Cooling, Electric, Hot Water - Electric, Public Water, Public Sewer, Electric Available, Sewer Available, Water Available

Garage/Parking
Detached Garage, Off Street, On Street, Covered Parking, Detached Garage Spaces #: 2;

Interior
Fully Finished Basement, Accessibility - 2+ Access Exits

Exterior
Slab Foundation, Masonry

Contact Information

Listing Courtesy of: HomeSmart Realty Advisors , (215) 604-1191, gztsvn@gmail.com

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Listing data as of 7/20/2025.