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Property profile & analytics
OFF-MARKET Estimated value $1,140,000
Investment properties

114 York Rd Jenkintown, PA 19046-3285

8,282 SF 0.29 ac lot Built 1908
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US73-0633756
Property summary
AI-generated overview

This exceptional seven-unit multi-family property at 114 York Road, Jenkintown, Pennsylvania, presents a compelling investment opportunity. Situated on a 0.29-acre lot, this turnkey building boasts six residential units and an additional office space, all currently leased, ensuring immediate cash flow. The residential units comprise two spacious two-bedroom apartments and four one-bedroom apartments. Each unit features modern updates including hardwood floors, stainless steel appliances, and PEX plumbing. Convenient in-unit laundry facilities are also provided. One parking space is allocated per residential unit. Further income potential exists through the possibility of renting the existing garage for an estimated $300 per month. The property's prime location in Jenkintown Borough offers unparalleled convenience. Residents enjoy walkability to the vibrant Jenkintown Town Square, a movie theater, a variety of boutique shops, and numerous restaurants. Major retailers such as Starbucks, Trader Joe's, and Whole Foods are also within easy reach. Commuters benefit from proximity to two train stations and convenient access to Route 309, the Turnpike, and nearby universities and hospitals. The property is located within the highly-regarded Jenkintown School District. This fully-leased, income-generating property offers significant long-term potential for investors seeking a stable and profitable addition to their portfolio or a strong entry point into the Jenkintown real estate market. The asking price is $1,785,000.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1908
Total area 8,282 SF
Lot 0.29 ac (12,549 SF)
Zoning code D
APN 10-00-05260-00-4
UPID US73-0633756
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.32M
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$1.14M
Owner & transaction history
Midgard Properties LP · 9 yrs held
Midgard Properties LP
since 2016
7 recorded transactions
2021
Price N/A
2017
Price N/A
2016
$464,930
2004
$729,000
2004
Price N/A
2002
Price N/A
1969
Price N/A
Zoning & alternative use
D · Jenkintown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.4M +54.0%
Medical building $1.3M +48.3%
Restaurant $1.2M +32.1%
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