123 CEDAR Street, Jenkintown, PA 19046
MULTI_FAMILY - Colonial - JENKINTOWN, PA
- Added:
- Jun 27, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 123 CEDAR Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 6
- Parking features
- Driveway, Garage - Detached
- Standard status
- Active
- Size
- 2,308 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9229
Utilities
- Heating system
- Baseboard, Forced Air, Electric (Heating)
- Cooling system
- Window Unit(s), Central Air
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Aluminum Siding
- Architectural style
- Colonial
Listing agent Jeffrey W. Bryant License #RS274540 (610) 505-6210
Listing office Springer Realty Group 760 Constitution Drive unit: 106, Exton, PA (484) 498-4000
Listing date Jun 27, 2026
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.
HighLights
- 3‑unit multifamily at 123 Cedar Street: 1 two‑bedroom unit and two one‑bedroom units
- Detached 2‑car garage plus driveway parking
- Over $55,000 in annual gross rent with a mix of stable lease terms and month‑to‑month flexibility
- Updates include full roof and gutter replacement (2020), paved driveway (2022), and new central HVAC for the first floor (2023)
- Separate electric and gas utilities; electrical includes 150‑amp panels for each unit and basement, and a 200‑amp upgrade with new wiring throughout
- Unit improvements include newer flooring, paint, toilets, appliances, hot water heaters, and updated laundry appliances
Overview
The property is located in the Borough of Jenkintown, with convenient access to local shops, restaurants, and public transportation, including regional rail and major commuter routes.
The tenant mix and separately metered electric and gas utilities can support a practical operating setup for owner-occupants or investors seeking a managed income property. With reported roof, driveway, HVAC, and electrical improvements, the building may offer a solid foundation for continued residential income under the current rent structure.
Local 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 | $51.2k | $22.20 |
| − Vacancy | −$3.3k | −$1.44 |
| EGI | $47.9k | $20.76 |
| − OpEx | −$14.4k | −$6.23 |
| NOI | $33.5k | $14.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jenkintown
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.12704
- Latitude
- 40.09261
