Residential Income Property with
For Sale
$252,000
309 FLORENCE AVENUE Unit 205-N, Jenkintown, PA 19046
The three-bedroom home includes an updated kitchen, private balcony, and access to building amenities.
Property Size1,321 SF
Price / SF$190.76
Days on Market150
Property Features for 309 FLORENCE AVENUE Unit 205-N
General Information
Standard status
Active
Size
1,321 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,164
Amenities
private balcony
central air
in-unit storage closet
private storage unit on lower level
doorman-attended lobby
beautifully maintained grounds
outdoor swimming pool
community room
laundry facilities on every floor
guest suites
Building Details
Building Size
1,321 SF
Year Built
1965
Listing Agency:
BHHS Fox & Roach-Jenkintown
Listed By:
Lynn Mundy Coggin · License #RS210932L
(215) 882-2001
Source:
Desantis-realestate
Added: Jun 2
Changed: Oct 27
Last Checked: Oct 27 at 3:25AM
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 BHHS Fox & Roach-Jenkintown
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,321-square-foot condominium at Beaver Hill North has three bedrooms and two bathrooms. The updated eat-in kitchen includes gas cooking, a dishwasher, cabinetry, and a pantry. Parquet hardwood flooring runs through the light-filled living spaces, and sliding doors connect the living and dining rooms to a private balcony. The primary suite has a walk-in closet and private bath; two additional bedrooms provide flexible room options. Central air and storage within the unit and on the lower level are also included.
Building amenities include a doorman-attended lobby, elevators, an outdoor pool, a community room, laundry facilities on every floor, and six guest suites. Garage parking is available in the building. The condominium fee covers utilities including heat, electricity, gas, water, and air conditioning, along with building and grounds maintenance and professional management.
The property is at 309 Florence Avenue in Jenkintown Borough, near the Jenkintown Train Station, shops, restaurants, the library, and the Hiway Theater. The building dates to 1965.
Building amenities include a doorman-attended lobby, elevators, an outdoor pool, a community room, laundry facilities on every floor, and six guest suites. Garage parking is available in the building. The condominium fee covers utilities including heat, electricity, gas, water, and air conditioning, along with building and grounds maintenance and professional management.
The property is at 309 Florence Avenue in Jenkintown Borough, near the Jenkintown Train Station, shops, restaurants, the library, and the Hiway Theater. The building dates to 1965.
Key Highlights
- Three‑bedroom, two‑bath condominium with 1,321 square feet
- Private balcony with views toward Legacy Park at Jenkintown Elementary School
- Updated kitchen includes gas cooking, dishwasher, cabinetry, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,847
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,940
$356.9K
Cap Rate 7%
$254,957
$255.0K
Cap Rate 9%
$198,300
$198.3K
Market Conditions
NOI Build-Up for 1,321 SF
Gross rent
$34.6K $26.16/SF
− Vacancy
−$2.1K −$1.60/SF
EGI
$32.4K $24.56/SF
− OpEx
−$14.6K −$11.05/SF
NOI
$17.8K $13.51/SF
Area
Montgomery County, PA
Vacancy
6.10%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,940
Cap Rate 7%
$254,957
Cap Rate 9%
$198,300
Alternative Uses
Best Use
Apartment 5plus
$255.0K
$223.1K – $297.5K
NOI $17,847 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$759.9K
$664.9K – $886.5K
NOI $53,190 @ 7.0% cap · market cap 21.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,279
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - The three-bedroom home includes an updated kitchen, private balcony, and access to building amenities.
Where is this residential income property located?
The property is located at 309 FLORENCE AVENUE Unit 205-N Jenkintown, PA.
What is the asking price?
The asking price for this property is $252,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath condominium with 1,321 square feet; Private balcony with views toward Legacy Park at Jenkintown Elementary School; Updated kitchen includes gas cooking, dishwasher, cabinetry, and pantry
