32 S MACDADE BLVD, Glenolden, PA 19036
- 4,052 sqft
other 
Built in 1920 
—— sqft lot 
—— car garage 
$83/sqft 
Listed 3 days ago
Property Description
(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 Status:
- Active
- Listing Office:
- Prime Realty Partners : 8562103000
- Listing Agent:
- Lauren Quinn : 2672062505
- MLS ID:
- PADE2103120
- General: Above Grade
- Style: Other
- General: FrameWood
- Originating MLS: BRIGHT_MAIN
- School District: INTERBORO
- County: DELAWARE-PA
- Zoning: B121-00-01369-00
- Water: Public
- Sewer: Public Sewer
- Source: BRIGHT_MAIN
This listing courtesy of Lauren Quinn, Prime Realty Partners
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Glenolden School
Macdade & Knowles, Glenolden, PA, 19036
Grades 1-8
0.16 miles away
Glenolden School
Macdade & Knowles, Glenolden, PA, 19036
Grades 1-8
0.16 miles away
Interboro High School
16th & Amosland Road, Prospect Park, PA, 19076
Grades 9-12
1.01 miles away