Three-Unit Multifamily with Detached
For Sale
Under Contract
$1,250,000
115 MONTGOMERY Avenue, Bala Cynwyd, PA 19004
Multi-Family, BALA CYNWYD, PA
Property Size4,082 SF
Lot Size0.34 Acres
Price / SF$306.22
Days on Market134
Property Features for 115 MONTGOMERY Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
11
Parking features
Driveway, Garage - Detached
Elementary school district
LOWER MERION
Middle school district
LOWER MERION
High school district
LOWER MERION
Standard status
Active Under Contract
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
Amenities
in-unit laundry
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: Oct 14
Last Checked: Oct 14 at 10:06AM
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 4,082-square-foot Colonial multifamily property in Bala Cynwyd contains three leased apartments and a separately rented detached garage. The 1925 frame building has forced-air heat, central air conditioning, and a basement. Apartment features include in-unit laundry in all three units, plus a private deck for one residence. The unit mix comprises one 3-bedroom apartment, one with 2–3 bedrooms, and one 5-bedroom apartment; each has one bathroom.
The property occupies 0.34 acres and has a driveway with parking for 10+ vehicles. Gas and electric service are paid by the apartment tenants. The property is in the Lower Merion School District.
The property occupies 0.34 acres and has a driveway with parking for 10+ vehicles. Gas and electric service are paid by the apartment tenants. The property is in the Lower Merion School District.
Key Highlights
- Three occupied residential units, plus a separately rented detached garage
- 4,082‑square‑foot building on a 0.34‑acre lot
- Unit mix includes 3‑bedroom, 2–3‑bedroom, and 5‑bedroom apartments; each has 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,311
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,220
$1.2M
Cap Rate 7%
$847,300
$847.3K
Cap Rate 9%
$659,011
$659.0K
Market Conditions
NOI Build-Up for 4,082 SF
Gross rent
$90.6K $22.20/SF
− Vacancy
−$5.9K −$1.44/SF
EGI
$84.7K $20.76/SF
− OpEx
−$25.4K −$6.23/SF
NOI
$59.3K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,220
Cap Rate 7%
$847,300
Cap Rate 9%
$659,011
Alternative Uses
Best Use
Multifamily LT 5
$847.3K
$741.4K – $988.5K
NOI $59,311 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$787.8K
$689.4K – $919.2K
NOI $55,149 @ 7.0% cap · market cap 4.41%
Theoretical Best
Specialty Retail
$2.35M
$2.05M – $2.74M
NOI $164,361 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,235
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Each apartment has in-unit laundry, and residents pay their own gas and electric 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 $1,250,000.
What are key features of this property?
This property features: Three occupied residential units, plus a separately rented detached garage; 4,082‑square‑foot building on a 0.34‑acre lot; Unit mix includes 3‑bedroom, 2–3‑bedroom, and 5‑bedroom apartments; each has 1 bathroom
