Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Triplex with Detached Garage Title is generated by Realmo AI

    115 MONTGOMERY Avenue, Bala Cynwyd, PA 19004

    View on Map
    Claim this Listing
    New
    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:
    4
    Last Refresh:
    Jun 6 at 9:06 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 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
    • Tenants pay electric and gas; Unit 2 pays a $100 flat water amount each month
    • Large driveway with parking for 10+ vehicles; detached garage and driveway parking included
    • Constructed in 1925 with forced‑air heat and central air; Colonial style frame construction

    Overview

    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.
    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

    Nearby Similar for Sale

    • $350,000

      Dental Suite in Bala Cynwyd

      Professional dental suite in a sought-after medical corridor.
      191 PRESIDENTIAL Boulevard, BALA CYNWYD, PA 19004
      View Details
    • $1,200,000
      4,200 SF

      Multi-Use Property Near I-76

      Vacant 4,200 SF multi-use property with flexible zoning.
      168 Belmont Ave, Bala Cynwyd, PA
      View Details
    • $1,500,000
      4,082 SF

      Leased Triplex with Detached Garage

      Fully occupied triplex with three apartments plus a rented garage and tenant-paid utilities.
      115 Montgomery Avenue, Bala Cynwyd, PA 19004
      View Details
    • $750,000

      Mixed-Use Property in Bala Cynwyd

      Mixed-use property in Bala Cynwyd's Main Line area.
      124 BALA AVENUE, BALA CYNWYD, PA 19004
      View Details
    • $1,250,000

      Mixed-Use Property in Bala Cynwyd

      Mixed-use property with commercial and residential spaces in Bala Cynwyd.
      128 BALA AVENUE, BALA CYNWYD, PA 19004
      View Details

    FAQs

    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
    (267) 838-8537
    We can help!
    Listing Contact
    Jason Drew Driscoll
    Jason Drew Driscoll
    Real Estate License ID: RS360272
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    115 MONTGOMERY Avenue, BALA CYNWYD, PA 19004
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!