32 S Macdade Blvd Glenolden, PA 19036
Estimated payment $2,124/month
About This Home
(Cross Posted -- this is a Commercial Sale) 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 Agent
(267) 206-2505 laurenquinnrealtor@gmail.com Prime Realty Partners License #RS355790 Listed on: 10/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,453
Year Built
- Built in 1920
Lot Details
- Lot Dimensions are 20.00 x 102.00
Home Design
- 4,052 Sq Ft Home
- Wood Foundation
- Frame Construction
Utilities
- Radiator
- Natural Gas Water Heater
Community Details
- 1 Vacant Unit
- Operating Expense $17,000
- Gross Income $48,000
- Net Operating Income $31,000
Listing and Financial Details
- Tax Lot 133-000
- Assessor Parcel Number 21-00-01369-00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,247 | $118,440 | $51,080 | $67,360 |
| 2024 | $4,247 | $118,440 | $51,080 | $67,360 |
| 2023 | $6,997 | $199,440 | $51,080 | $148,360 |
| 2022 | $6,882 | $199,440 | $51,080 | $148,360 |
| 2021 | $9,710 | $199,440 | $51,080 | $148,360 |
| 2020 | $5,216 | $100,230 | $28,360 | $71,870 |
| 2019 | $5,158 | $100,230 | $28,360 | $71,870 |
| 2018 | $5,065 | $100,230 | $0 | $0 |
| 2017 | $4,953 | $100,230 | $0 | $0 |
| 2016 | $550 | $100,230 | $0 | $0 |
| 2015 | $561 | $100,230 | $0 | $0 |
| 2014 | $561 | $100,230 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/30/2025 10/30/25 | For Sale | $335,000 | -- | $83 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $125,000 | None Listed On Document | |
| Deed | $52,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,000 | New Conventional |
Source: Bright MLS
MLS Number: PADE2103120
APN: 21-00-01369-00
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