Duplex with Off-Street
238 PARK Avenue, Jenkintown, PA 19046
For Sale
New
$434,900
Multi-Family, JENKINTOWN, PA
Property Size2,200 SF
Lot Size0.22 Acres
Price / SF$197.68
Days on Market3
Property Features for 238 PARK Avenue
General Information
Property type
Property subtype
Rooms
Parking features
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Listing Agency:
Keller Williams Real Estate-Blue Bell · Keller Williams Realty
(215) 646-2900
Listed By:
Fausto Miguel Rey · License PA RS341400
(267) 294-6033
Added: Nov 12
Last Checked: Nov 14 at 1:06AM
MLS# PAMC2200240
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.
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Investment Insights
Based on property information with market context.
This 2,200-square-foot duplex contains two-bedroom units, with one unit vacant following updates and the other tenant-occupied. The vacant apartment has fresh paint and new flooring. The property includes a basement and vinyl siding, with central heating and central air conditioning.
Built in 1970, the building sits on a 0.222-acre lot and has off-street parking.
Built in 1970, the building sits on a 0.222-acre lot and has off-street parking.
Key Highlights
- Two‑bedroom units; one vacant and updated, one tenant‑occupied
- 2,200‑square‑foot building on a 0.222‑acre lot
- Built in 1970 with vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,966
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,320
$639.3K
Cap Rate 7%
$456,657
$456.7K
Cap Rate 9%
$355,178
$355.2K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$48.8K $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%
$639,320
Cap Rate 7%
$456,657
Cap Rate 9%
$355,178
Alternative Uses
Best Use
Multifamily LT 5
$456.7K
$399.6K – $532.8K
NOI $31,966 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$424.6K
$371.5K – $495.4K
NOI $29,723 @ 7.0% cap · market cap 6.83%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,582 @ 7.0% cap · market cap 20.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
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Business Placement
Demographics for 19046, PA
19,669
Population
8,418
Households
2.3
Avg Household Size
45
Median Age
63%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
2,936
Density / Sq Mi
$112,959
Median Household Income
$66,042
Median Earnings
$1,433
Median Rent
$446,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Montgomery County, PA
Properties on Market for Duplexes in Montgomery County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One apartment is vacant after updates, while the second remains occupied.
Where is this duplex located?
The property is located at 238 PARK Avenue Jenkintown, PA.
What is the asking price?
The asking price for this property is $434,900.
What are key features of this property?
This property features: Two‑bedroom units; one vacant and updated, one tenant‑occupied; 2,200‑square‑foot building on a 0.222‑acre lot; Built in 1970 with vinyl siding
