Triplex with Detached
For Sale
$1,500,000
115 MONTGOMERY Avenue, Bala Cynwyd, PA 19004
MULTI_FAMILY - Colonial - BALA CYNWYD, PA
Property Size4,082 SF
Lot Size0.34 Acres
Price / SF$367.47
Days on Market60
Property Features for 115 MONTGOMERY Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
11
Parking features
Garage - Detached, Driveway
Elementary school district
LOWER MERION
Middle school district
LOWER MERION
High school district
LOWER MERION
Standard status
Active
Size
4,082 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
12063
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1925
Number of units
3
Building materials
Frame
Architectural style
Colonial
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Jason Drew Driscoll · License #RS360272
(267) 838-8537
Added: Jun 3
Changed: Jul 13
Last Checked: Aug 1 at 2:06PM
MLS# PAMC2182228
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale triplex includes three residential units and a detached garage, all currently leased. Unit 1 is a 3-bedroom, 1-bath apartment with a private deck and in-unit laundry. Unit 2 features 2–3 bedrooms, 1 bathroom, and in-unit laundry. Unit 3 is a 5-bedroom, 1-bath apartment with in-unit laundry. In addition to the residential units, the detached garage is separately rented.
Located at 115 Montgomery Avenue in Bala Cynwyd, Pennsylvania, the property is within the Lower Merion School District. The listing notes tenant-paid electric and gas utilities, and that Unit 2 pays a $100 monthly flat water charge. There is also a large driveway with parking for 10+ vehicles.
For buyers seeking an income-producing multifamily asset, the current configuration provides multiple leased income streams through the three apartments and the separately rented garage. The property’s tenant-paid utility setup may help simplify operating expenses relative to arrangements where the owner pays utilities directly. With the units already occupied, the building is presented as a turn-key, fully leased triplex offering an immediately cash-flowing rental profile at the time of sale.
Located at 115 Montgomery Avenue in Bala Cynwyd, Pennsylvania, the property is within the Lower Merion School District. The listing notes tenant-paid electric and gas utilities, and that Unit 2 pays a $100 monthly flat water charge. There is also a large driveway with parking for 10+ vehicles.
For buyers seeking an income-producing multifamily asset, the current configuration provides multiple leased income streams through the three apartments and the separately rented garage. The property’s tenant-paid utility setup may help simplify operating expenses relative to arrangements where the owner pays utilities directly. With the units already occupied, the building is presented as a turn-key, fully leased triplex offering an immediately cash-flowing rental profile at the time of sale.
Key Highlights
- Fully occupied triplex plus separately rented detached garage generating $9,370/month ($112,440/year) gross rental income
- 3 residential units: Unit 1 (3 bed/1 bath) $3,070/month; Unit 2 (2–3 bed/1 bath) $2,750/month; Unit 3 (5 bed/1 bath) $3,070/month
- Detached garage rented for $480/month for an additional income stream
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.6k | $22.20 |
| − Vacancy | −$5.9k | −$1.44 |
| EGI | $84.7k | $20.76 |
| − OpEx | −$25.4k | −$6.23 |
| NOI | $59.3k | $14.53 |
4,082 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$847.3K
$741.4K – $988.5K
NOI $59,311 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$787.8K
$689.4K – $919.2K
NOI $55,149 @ 7.0% cap · market cap 3.68%
Theoretical Best
Specialty Retail
$2.35M
$2.05M – $2.74M
NOI $164,361 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,420
Businesses Nearby
Explore this area
Business Placement
Demographics for 19004, PA
10,668
Population
4,453
Households
2.4
Avg Household Size
41
Median Age
73%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
3,951
Density / Sq Mi
$143,781
Median Household Income
$81,909
Median Earnings
$1,791
Median Rent
$616,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied triplex with three leased units and a separately rented garage plus tenant-paid utilities.
Where is this triplex located?
The property is located at 115 MONTGOMERY Avenue Bala Cynwyd, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Fully occupied triplex plus separately rented detached garage generating $9,370/month ($112,440/year) gross rental income; 3 residential units: Unit 1 (3 bed/1 bath) $3,070/month; Unit 2 (2–3 bed/1 bath) $2,750/month; Unit 3 (5 bed/1 bath) $3,070/month; Detached garage rented for $480/month for an additional income stream
