105 Garfield Ave · Norwood, PA 19074

$267,500

5 bd · 2.5 ba · 2,100 sqft · SingleFamily public records · 58 Days on market

Built 1952 3,920 sqft lot $127/sqft · 21% below area Est $339k · 21% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +7.9/30.0
• 1% rule +5.8/10.0
• Livability +4.4/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all investors—here is your next project opportunity! This two-story detached home offers incredible investment potential with your choice to create a multi-unit property or a single-family home! Currently configured with 5 bedrooms and 3 bathrooms, this home is ready for your vision. This property has been used as a multi-unit in the past with an existing separate entrance to the top floor and two electric meters. Some demo work has already been completed, giving you a head start on renovations. Original hardwood floors run throughout the home and have the potential to be beautifully restored. The first floor living room features an open layout with a charming stone fireplace as its focal point. The kitchen has been stripped and opens nicely to the living and dining areas, allowing for a seamless redesign. The home also includes a primary bedroom with en-suite bath, along with two additional full bathrooms. The property is equipped with natural gas heating and hot water heater, adding efficiency and long-term value. With strong bones and plenty of upside, this property is for an investor looking to renovate and add value. Being sold as-is, cash sale only. As always, buyer plans for use/occupancy and renovation would be subject to local borough approval. Don’t miss the opportunity to bring this project to life!

Key facts

• Natural gas heating
• Strong bones
• Open layout

Tags

• ORIGINAL HARDWOOD FLOORS
• OPEN LAYOUT
• CHARMING STONE FIREPLACE
• NATURAL GAS HEATING
• NATURAL GAS HOT WATER HEATER
• STRONG BONES

Property features AI

Exterior

• Parking: Driveway
• Utilities: 100 amp electric service; Natural gas heating and hot water; Public water; Public sewer
• Home design: Detached property; Major rehab needed
• Construction: Vinyl and aluminum siding; Block foundation; Above grade and below grade structures; Built year recorded by assessor
• Exterior features: Lot dimensions approximately 50 x 85

Interior

• Bedrooms: Five bedrooms on the first upper level
• Bathrooms: Three full bathrooms total (two full baths on upper level, one full bath on main level)
• Heating & cooling: Forced air heating; Natural gas hot water
• Interior features: Stone fireplace (1)

What this means for you Summary

Snapshot

• This is a 5-bed/2.5-bath single-family listed at $268k.

Deal economics

• At list price, monthly cash flow is $-288 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $254k (5.2% below list).
• Meets the 1% rule at list price ($3k rent vs $268k).
• Recommended offer: $254k (5.2% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 87/100 on livability (#52 in PA, #309 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: amenities F.
• Interboro SD (suburban): math 25% / reading 50% proficiency, ranked #369 of 539 in PA (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Norwood Sch (math 23% / reading 50%, grade F, #1,036 of 1,518 statewide, top 68%, 548 students, 61% FRL); Interboro Shs (math 82% / reading 24%, grade C-, #104 of 437 statewide, top 24%, 1,028 students, 55% FRL) — zoned schools average 58% FRL vs 38% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 11 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 299 units permitted in Delaware County in 2024 (5 in 5+ unit buildings).
• This rent runs 36% of the median local income ($96k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($259k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $18k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $200k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 4.7% of price; built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $253,578 (5.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 5% concession, seller financing, or rate buy-down credit?
3. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.08% ✓
• Cap rate: 5.00%
• Cash-on-cash: -4.62%
• DSCR: 0.79
• GRM: 7.7

CMA / ARV

• ARV (median comp): $339,382
• List price: $267,500
• Delta: -21.18%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
240 Garfield Ave	0.23mi	5/1.5	2,144 (+2%)	8mo	$292,000	$136	75
609 S Elmwood Ave	0.48mi	4/2.5 (-1)	2,100 (0%)	8mo	$325,000	$155	66
201 E Cleveland Ave	0.38mi	4/1.0 (-1)	2,078 (-1%)	7mo	$330,000	$159	64
416 Trites Ave	0.29mi	4/1.5 (-1)	1,970 (-6%)	9mo	$365,000	$185	60
504 S Elmwood Ave	0.52mi	5/2.0	1,968 (-6%)	8mo	$375,000	$191	57
813 14th Ave	0.71mi	5/2.0	2,142 (+2%)	6mo	$405,000	$189	56
40 E Knowles Ave	0.63mi	5/2.5	2,252 (+7%)	7mo	$335,000	$149	53
107 W Glenolden Ave	0.54mi	4/2.0 (-1)	2,248 (+7%)	7mo	$407,500	$181	50
815 Summit Ave	0.56mi	4/2.5 (-1)	1,848 (-12%)	5mo	$410,000	$222	45
1019 Lafayette Ave	0.71mi	4/2.5 (-1)	1,978 (-6%)	10mo	$280,000	$142	44
1009 Pennsylvania Ave	0.53mi	4/2.5 (-1)	2,388 (+14%)	8mo	$395,000	$165	40
640 Mohawk Ave	0.62mi	4/1.5 (-1)	1,830 (-13%)	12mo	$360,000	$197	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -23.9%
• Equity multiple: 0.18×
• Total profit: $-61,214
• Equity at exit: $39,885

10-year hold

• IRR: -18.3%
• Equity multiple: -0.00×
• Total profit: $-74,959
• Equity at exit: $23,129

Cash invested: $74,900 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 19074

• Home prices YoY: -30.2%
• Active inventory: 11
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,889 medium
• Mortgage (P&I): −$1,403
• Tax from tax record: −$1,057 /mo · $12,679/yr
• Insurance: −$111
• HOA: −$0
• Vacancy / Maint / Mgmt: −$607
• Net cashflow: $-288

Break-even live

Break-even rent $3,254

Max offer price $253,578

Occupancy floor —

Sensitivity live

Price	-10% $619	-5% $-212	+0% $-288	+5% $-364	+10% $-440
Rent	-10% $-516	-5% $-402	+0% $-288	+5% $-174	+10% $-60
Rate	-1.0pp $-153	-0.5pp $-220	base $-288	+0.5pp $-358	+1.0pp $-428

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $66,875
• Closing costs: $8,025
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
777 Bennington Rd Folcroft, PA	4.0	1.5	1488	$2,800	$1.88	45d	1	0.90mi
426 E Hinckley Ave Ridley Park, PA	4.0	2.5	1620	$2,800	$1.73	45d	1	1.12mi
1072 Tremont Dr Glenolden, PA	4.0	2.0	1652	$2,500	$1.51	7d	1	1.18mi

Listing history 22 events

1. 2026-06-21
   days on market $267,500 Active 58 DOM
2. 2026-06-18
   days on market $267,500 Active 55 DOM
3. 2026-06-17
   days on market $267,500 Active 54 DOM
4. 2026-06-16
   days on market $267,500 Active 53 DOM
5. 2026-06-15
   price $267,500 Active 52 DOM

   Show marketing remark (1351 chars)

   Calling all investors—here is your next project opportunity! This two-story detached home offers incredible investment potential with your choice to create a multi-unit property or a single-family home! Currently configured with 5 bedrooms and 3 bathrooms, this home is ready for your vision. This property has been used as a multi-unit in the past with an existing separate entrance to the top floor and two electric meters. Some demo work has already been completed, giving you a head start on renovations. Original hardwood floors run throughout the home and have the potential to be beautifully restored. The first floor living room features an open layout with a charming stone fireplace as its focal point. The kitchen has been stripped and opens nicely to the living and dining areas, allowing for a seamless redesign. The home also includes a primary bedroom with en-suite bath, along with two additional full bathrooms. The property is equipped with natural gas heating and hot water heater, adding efficiency and long-term value. With strong bones and plenty of upside, this property is for an investor looking to renovate and add value. Being sold as-is, cash sale only. As always, buyer plans for use/occupancy and renovation would be subject to local borough approval. Don’t miss the opportunity to bring this project to life!

6. 2026-06-15
   days on market $275,000 Active 52 DOM

   Show marketing remark (1351 chars)

   Calling all investors—here is your next project opportunity! This two-story detached home offers incredible investment potential with your choice to create a multi-unit property or a single-family home! Currently configured with 5 bedrooms and 3 bathrooms, this home is ready for your vision. This property has been used as a multi-unit in the past with an existing separate entrance to the top floor and two electric meters. Some demo work has already been completed, giving you a head start on renovations. Original hardwood floors run throughout the home and have the potential to be beautifully restored. The first floor living room features an open layout with a charming stone fireplace as its focal point. The kitchen has been stripped and opens nicely to the living and dining areas, allowing for a seamless redesign. The home also includes a primary bedroom with en-suite bath, along with two additional full bathrooms. The property is equipped with natural gas heating and hot water heater, adding efficiency and long-term value. With strong bones and plenty of upside, this property is for an investor looking to renovate and add value. Being sold as-is, cash sale only. As always, buyer plans for use/occupancy and renovation would be subject to local borough approval. Don’t miss the opportunity to bring this project to life!

7. 2026-06-13
   days on market $275,000 Active 50 DOM
8. 2026-06-13
   days on market $275,000 Active 49 DOM
9. 2026-06-09
   days on market $275,000 Active 46 DOM
10. 2026-06-08
    days on market $275,000 Active 45 DOM
11. 2026-06-07
    days on market $275,000 Active 44 DOM
12. 2026-06-04
    pricedays on market $275,000 Active 41 DOM
13. 2026-06-03
    days on market $280,000 Active 40 DOM

    Show marketing remark (1351 chars)

    Calling all investors—here is your next project opportunity! This two-story detached home offers incredible investment potential with your choice to create a multi-unit property or a single-family home! Currently configured with 5 bedrooms and 3 bathrooms, this home is ready for your vision. This property has been used as a multi-unit in the past with an existing separate entrance to the top floor and two electric meters. Some demo work has already been completed, giving you a head start on renovations. Original hardwood floors run throughout the home and have the potential to be beautifully restored. The first floor living room features an open layout with a charming stone fireplace as its focal point. The kitchen has been stripped and opens nicely to the living and dining areas, allowing for a seamless redesign. The home also includes a primary bedroom with en-suite bath, along with two additional full bathrooms. The property is equipped with natural gas heating and hot water heater, adding efficiency and long-term value. With strong bones and plenty of upside, this property is for an investor looking to renovate and add value. Being sold as-is, cash sale only. As always, buyer plans for use/occupancy and renovation would be subject to local borough approval. Don’t miss the opportunity to bring this project to life!

14. 2026-06-02
    days on market $280,000 Active 39 DOM
15. 2026-06-01
    days on market $280,000 Active 38 DOM
16. 2026-05-31
    days on market $280,000 Active 37 DOM
17. 2026-05-11
    listed $285,000 Active 1351-char remark

    Show marketing remark (1351 chars)

    Calling all investors—here is your next project opportunity! This two-story detached home offers incredible investment potential with your choice to create a multi-unit property or a single-family home! Currently configured with 5 bedrooms and 3 bathrooms, this home is ready for your vision. This property has been used as a multi-unit in the past with an existing separate entrance to the top floor and two electric meters. Some demo work has already been completed, giving you a head start on renovations. Original hardwood floors run throughout the home and have the potential to be beautifully restored. The first floor living room features an open layout with a charming stone fireplace as its focal point. The kitchen has been stripped and opens nicely to the living and dining areas, allowing for a seamless redesign. The home also includes a primary bedroom with en-suite bath, along with two additional full bathrooms. The property is equipped with natural gas heating and hot water heater, adding efficiency and long-term value. With strong bones and plenty of upside, this property is for an investor looking to renovate and add value. Being sold as-is, cash sale only. As always, buyer plans for use/occupancy and renovation would be subject to local borough approval. Don’t miss the opportunity to bring this project to life!

18. 2026-05-08
    price $285,000 977-char remark
19. 2026-04-24
    listed $289,900 Active 977-char remark
20. 2026-03-10
    soldstatus $200,000
21. 2025-12-11
    historical
22. 2025-11-13
    listed $265,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast PA · Partial reset (capped growth)

• Current annual tax: $12,679 · $1,057/mo
• Projected year-2 tax: $12,679 · $1,057/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,673
• − Mortgage interest: −$14,984
• − Property taxes: −$12,679
• − Insurance: −$1,338
• − Repairs & maintenance: −$2,774
• − Management: −$2,774
• − Depreciation: −$7,782
• Taxable loss: −$7,657
• Est. tax savings @ 24.0%: +$1,838
• After-tax cash flow: $-1,621/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Interboro SD
• NCES district ID: 4212170
• Math proficiency: 25% ▼ -17.00%
• Reading proficiency: 50% ▼ -16.00%
• Median HH income: $56,802
• Composite: 32.97/100
• National rank: #5587
• State rank: #369 of 539 in PA

Livability — Norwood

• Score: 87/100
• State rank: #52
• US rank: #309

Category grades

Amenities F Commute A+ Cost of living A+ Crime A+ Employment A+ Housing A+ Health & safety A- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Norwood, PA
• County: Delaware County · 399,863 people
• City population: 5,934
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 5,934
• Household income: $96,134
• Rent vs Own: 24.3% rent · 75.7% own
• Severe rent burden: 215.0

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 577,490 people
• By 2030: 581,243 · +0.6%
• By 2040: 584,700 · +1.2%
• By 2050: 586,581 · +1.6%
• By 2075: 598,706 · +3.7%
• By 2100: 590,823 · +2.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 5% Asian 5% Two or more races 2% Black 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3%
• Common ancestry: Romanian 4% Italian 2% Lithuanian 1%
• Foreign-born: 5% · Canada, Jamaica, South Korea
• Languages at home: 94% English-only · Spanish 1% Russian/Polish/Slavic 1% Other Asian/Pacific 1%

Political lean MEDSL · Delaware

• 2024 margin: Strong D (+23.7) · D 61.4% · R 37.6% · Other 1.0%
• 2008→2024 swing: +2.3pp toward D · 2008: 21.4pp · 2024: 23.7pp
• All cycles: 2024: D+23.7 2020: D+26.7 2016: D+22.0 2012: D+21.8 2008: D+21.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -112.94%
• Current HPI: 260.5441
• Rent YoY: —
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+0.9% since first listed

12 events — show timeline

• 2026-06-15 Price Changed $267,500 BRIGHT MLS
• 2026-06-15 Price Changed $267,500 BRIGHT MLS
• 2026-06-03 Price Changed $275,000 BRIGHT MLS
• 2026-06-03 Price Changed $275,000 BRIGHT MLS
• 2026-05-19 Price Changed $280,000 BRIGHT MLS
• 2026-05-19 Price Changed $280,000 BRIGHT MLS
• 2026-05-11 Listed $285,000 BRIGHT MLS
• 2026-05-08 Price Changed $285,000 BRIGHT MLS
• 2026-04-24 Listed $289,900 BRIGHT MLS
• 2026-03-10 Sold (Public Records) $200,000 Public Records
• 2025-12-11 Listing Removed — BRIGHT MLS
• 2025-11-13 Listed $265,000 BRIGHT MLS

Property tax history

+6.3%/yr

Latest (2026): $12,679 · +63.1% YoY. Source: county tax records.