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47 W Winona Ave 5 Unit Apartment Building $625,000 ($125,000/Unit) Norwood, PA 19074
Investment Highlights
- First-floor office featuring a private entrance.
- Walkable access to Norwood’s local amenities and rail services via SEPTA.
- Opportunity to modernize or reposition the building for value creation.
- The property consists of five total units, including one commercial space and four residential units.
- Located in a mature and stable market with nearby residential and retail synergy.
Executive Summary
This commercial property at 47 W Winona Avenue provides an exceptional opportunity for investors or owner-users seeking a well-located asset in Delaware County. The building spans over 3340 square feet and sits within Norwood Borough, a well-connected suburban hub offering convenient access to major regional thoroughfares. Located just minutes from Interstate 95, the property allows for seamless commuting to Center City Philadelphia, Philadelphia International Airport, and neighboring markets throughout the Delaware Valley.
The property’s vintage construction adds character while providing ample possibilities for modernization or adaptive reuse to fit various business models, from office to light retail or mixed-use concepts. Its proximity to local amenities, residential neighborhoods, and nearby commercial corridors ensures steady demand and consistent traffic. This asset is suited for those looking to capitalize on Norwood’s central position in the Philadelphia metro area, with easy access to SEPTA Regional Rail stations and critical arterial highways serving both Pennsylvania and southern New Jersey.
The property’s vintage construction adds character while providing ample possibilities for modernization or adaptive reuse to fit various business models, from office to light retail or mixed-use concepts. Its proximity to local amenities, residential neighborhoods, and nearby commercial corridors ensures steady demand and consistent traffic. This asset is suited for those looking to capitalize on Norwood’s central position in the Philadelphia metro area, with easy access to SEPTA Regional Rail stations and critical arterial highways serving both Pennsylvania and southern New Jersey.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 3+2 | 1 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Good public transit
60/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 31-00-01849-00 | Improvements Assessment | $191,570 |
| Land Assessment | $83,870 | Total Assessment | $275,440 |
Property Taxes
Parcel Number
31-00-01849-00
Land Assessment
$83,870
Improvements Assessment
$191,570
Total Assessment
$275,440
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47 W Winona Ave