2038 Grant Ave - Residential Income FOR SALE


Philadelphia, PA 19115- Northeast Philadelphia
$599,000 USD
215-888-8080
2038 Grant Ave, Philadelphia, PA for Sale
$599,000 USD
Residential Income - FOR SALE
1/274
null | 5% Cap Rate

2038 Grant Ave
Philadelphia, PA 19115
Northeast Philadelphia


HIGHLIGHTS

  • Low Taxes about $2,400 yr.

OVERVIEW

?? Prime Commercial + Residential Opportunity in Bustleton Business District ?? Nearby Sale Comp 2040 Grant Ave (RSA-3 zoning) Sold for $699,000 in 2025 ?? Property Highlights Zoning: RSA-3 (Residential & Commercial) Lot Size: 33 ft x 150 ft (4,138 sq ft total) Interior Space: 1,250 sq ft + 800 sq ft finished basement = 2,050 sq ft Additional Structure: 400 sq ft second building with electric Parking: Private driveway fits 10+ vehicles Expansion Potential: Large backyard suitable for additions or a pool ??? Recent Upgrades & Features New hot water heater (Dec 2022) New HVAC gas heater system (Dec 2015) No carpets—real wood floors and ceilings throughout Red marble kitchen flooring, soapstone backsplash, slate countertops One-piece bathtub surround (no caulk = no mold) Colonial trim, 6" baseboards, crown molding, chair rail, and beaded wood paneling Second building features 4x4 structural beams, high-gloss finishes, and outdoor storage ??? Neighborhood Benefits Located in one of Philadelphia’s safest zip codes Top-rated schools and low property taxes Walking distance to Roosevelt Blvd, shopping malls, and public transit No row homes in this zip code—mostly single-family homes ?? Business Potential High visibility: ~25,000 cars/day (per DVRPC & PennDOT traffic reports) Eligible for business signage Ideal for low-traffic professional services (law, insurance, accounting, real estate) Residential mortgage rates apply—significantly lower than commercial lease rates ?? Value Proposition Priced $250K–$500K below comparable commercial properties on Castor & Bustleton Aves Example financing: 3.25% rate with 10% down = ~$1,400/month Much larger than typical retail spaces on Grant Ave

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$479 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

RSA3

APN/PARCEL ID

562312400

ASK ABOUT THIS PROPERTY

Mat FalconMat FalconMore Info
215-888-8080

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Mat FalconMat FalconMore Info
215-888-8080

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.