Two-Unit Duplex with Rear
For Sale
$399,000
2266 JENKINTOWN ROAD, Glenside, PA 19038
Two apartments offer separate heating and electric, along with off-street parking and a wraparound porch.
Property Size1,632 SF
Days on Market36
Property Features for 2266 JENKINTOWN ROAD
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,302
Amenities
wrap around porch
off street parking
rear yard
stack washer dryer
basement
floored attic
Building Details
Building Size
1,632 SF
Year Built
1926
Listing Agency:
McDermott Real Estate
(215) 884-8403
Listed By:
Mary Beth S McDermott · License #RM-050322-A
(215) 884-8403
Source:
Lizclarkrealestate
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 22 at 6:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McDermott Real Estate
Investment Insights
Based on property information with market context.
This 1,632-square-foot duplex, built in 1926, contains a two-bedroom first-floor apartment and a one-bedroom second-floor apartment. The lower unit includes a living room, eat-in kitchen, stackable washer and dryer, basement access, and a connection to the rear yard. Upstairs, the layout provides a bedroom, living room, kitchen, and a closed staircase leading to a floored attic that can serve as storage or a second bedroom. The property also features a wraparound porch, off-street parking, separate heat and electric, and a rear yard.
Located on Jenkintown Rd in Glenside, the duplex is within walking distance of Keswick Village, Keswick Theatre, O'Neil's Food Market, Keswick Diner, and several food and beverage businesses. Water service is paid by the owner.
Located on Jenkintown Rd in Glenside, the duplex is within walking distance of Keswick Village, Keswick Theatre, O'Neil's Food Market, Keswick Diner, and several food and beverage businesses. Water service is paid by the owner.
Key Highlights
- 1,632 SF duplex with two‑bedroom and one‑bedroom apartments
- Built in 1926 with a wraparound porch and rear yard
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,713
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$474,260
$474.3K
Cap Rate 7%
$338,757
$338.8K
Cap Rate 9%
$263,478
$263.5K
Market Conditions
NOI Build-Up for 1,632 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.2K $22.20/SF
− Vacancy
−$2.4K −$1.44/SF
EGI
$33.9K $20.76/SF
− OpEx
−$10.2K −$6.23/SF
NOI
$23.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$474,260
Cap Rate 7%
$338,757
Cap Rate 9%
$263,478
Alternative Uses
Best Use
Multifamily LT 5
$338.8K
$296.4K – $395.2K
NOI $23,713 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$315.0K
$275.6K – $367.5K
NOI $22,049 @ 7.0% cap · market cap 5.53%
Theoretical Best
Specialty Retail
$938.7K
$821.4K – $1.10M
NOI $65,712 @ 7.0% cap · market cap 16.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 19038, PA
32,490
Population
11,889
Households
2.7
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
8.2 sq mi
ZIP Area
3,962
Density / Sq Mi
$113,464
Median Household Income
$56,934
Median Earnings
$1,407
Median Rent
$387,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer separate heating and electric, along with off-street parking and a wraparound porch.
Where is this duplex located?
The property is located at 2266 JENKINTOWN ROAD Glenside, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,632 SF duplex with two‑bedroom and one‑bedroom apartments; Built in 1926 with a wraparound porch and rear yard; Off‑street parking
