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    Triplex with Detached Garage Title is generated by Realmo AI

    115 MONTGOMERY Avenue, Bala Cynwyd, PA 19004

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    For Sale
    $1,500,000

    MULTI_FAMILY - Colonial - BALA CYNWYD, PA

    Property size:
    4,082 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $367/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 7:06 am

    Property Features for 115 MONTGOMERY Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking
    11
    Parking features
    Driveway, Garage - Detached
    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

    We can help!

    Listing Contact
    Jason Drew Driscoll
    Jason Drew Driscoll

    Listing agent Jason Drew Driscoll License #RS360272

    Listing office EXP Realty, LLC 630 Freedom Business Ctr Drive unit: 300, Philadelphia, PA

    Listing date Jun 3, 2026

    MLS# PAMC2182228 Listing URL

    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

    • Fully occupied triplex plus separately rented detached garage (all leased).
    • Total gross rental income: $9,370/month ($112,440/year). Unit rents: $3,070, $2,750, $3,070.
    • Detached garage rented for $480/month, creating an additional income stream.
    • Tenant‑paid utilities: each unit pays its own electric and gas; each unit also pays a $100/month water fee.
    • Each unit includes in‑unit laundry; Unit 1 has a private deck; Unit mix includes 3BD/2‑3BD/5BD layouts.
    • Large driveway parking for 10+ vehicles; detached garage; frame Colonial home built in 1925 with forced‑air heat and central air.

    Overview

    This for-sale multi-family property is a fully occupied triplex with three residential units plus a detached garage that is separately rented. Each unit includes in-unit laundry, and the building is configured with three separate apartments: Unit 1 is a 3-bedroom, 1-bath layout with a private deck; Unit 2 offers 2–3 bedrooms, 1 bathroom; and Unit 3 is a 5-bedroom, 1-bath apartment. The detached garage provides an additional, independent revenue stream.

    The property is located in Bala Cynwyd, within the Lower Merion School District. A large driveway supports parking for 10+ vehicles, creating convenient access and off-street parking for residents and guests.

    The current lease setup is turnkey for an owner looking for an income-producing residential asset. Tenants are responsible for their own electric and gas utilities, and each unit pays a $100 monthly water fee. The garage is currently rented separately as well. All residential units and the garage are leased, providing an immediate source of collected rent while you plan next steps.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bala Cynwyd
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.23763
    Latitude
    40.00591

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    FAQs

    What type of property is this?
    Triplex - Fully leased triplex with in-unit laundry and a separately rented detached garage for additional income.
    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 (all leased).; Total gross rental income: $9,370/month ($112,440/year). Unit rents: $3,070, $2,750, $3,070.; Detached garage rented for $480/month, creating an additional income stream.
    (267) 838-8537
    We can help!
    Listing Contact
    Jason Drew Driscoll
    Jason Drew Driscoll
    Real Estate License ID: RS360272
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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