Two-Unit
New
For Sale
$489,900
115 SUMMIT Avenue, Willow Grove, PA 19090
Multi-Family, WILLOW GROVE, PA
Property Size2,202 SF
Lot Size0.17 Acres
Price / SF$222.48
Days on Market2
Property Features for 115 SUMMIT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
4
Parking features
Driveway, Garage - Detached
Subdivision
WILLOW MANOR
Elementary school district
UPPER MORELAND
Middle school district
UPPER MORELAND
High school district
UPPER MORELAND
Standard status
Active
Size
2,202 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
5137
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Amenities
covered front porch
full basement
detached garage
driveway
Building Details
Year built
1922
Number of units
2
Building materials
Vinyl Siding
Architectural style
Cape Cod, Bungalow
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Thomas C Smeland Jr. · License #AB066226
(215) 262-2497
Added: Oct 20
Last Checked: Oct 21 at 2:06AM
MLS# PAMC2198136
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,202-square-foot duplex contains two apartments: a first-floor unit with two bedrooms and two bathrooms, and an upper-level apartment with one bedroom and one bathroom. The upper unit has its own entrance. Updated bathrooms, a full basement, and a covered porch are among the property’s features. Heating is provided by hot water, and the home has central air conditioning.
The 0.1722-acre property includes a detached garage and driveway. A bus stop and commuter rail station are each less than a mile away. Built in 1922, the property is clad in vinyl siding.
The 0.1722-acre property includes a detached garage and driveway. A bus stop and commuter rail station are each less than a mile away. Built in 1922, the property is clad in vinyl siding.
Key Highlights
- Two apartments: first‑floor unit has 2 bedrooms and 2 bathrooms; upper unit has 1 bedroom and 1 bathroom
- Upper apartment has a separate entrance
- 2,202 square feet on a 0.1722‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,995
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,900
$639.9K
Cap Rate 7%
$457,071
$457.1K
Cap Rate 9%
$355,500
$355.5K
Market Conditions
NOI Build-Up for 2,202 SF
Gross rent
$48.9K $22.20/SF
− Vacancy
−$3.2K −$1.44/SF
EGI
$45.7K $20.76/SF
− OpEx
−$13.7K −$6.23/SF
NOI
$32.0K $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%
$639,900
Cap Rate 7%
$457,071
Cap Rate 9%
$355,500
Alternative Uses
Best Use
Multifamily LT 5
$457.1K
$399.9K – $533.3K
NOI $31,995 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$425.0K
$371.9K – $495.8K
NOI $29,750 @ 7.0% cap · market cap 6.07%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,663 @ 7.0% cap · market cap 18.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,337
Businesses Nearby
Explore this area
Business Placement
Demographics for 19090, PA
20,180
Population
8,141
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,387
Density / Sq Mi
$97,341
Median Household Income
$55,254
Median Earnings
$1,606
Median Rent
$338,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate access to the upper apartment supports a distinct second living space within the property.
Where is this duplex located?
The property is located at 115 SUMMIT Avenue Willow Grove, PA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Two apartments: first‑floor unit has 2 bedrooms and 2 bathrooms; upper unit has 1 bedroom and 1 bathroom; Upper apartment has a separate entrance; 2,202 square feet on a 0.1722‑acre lot
