Residential Income Property with Private
For Sale
$177,500
Pending
309 FLORENCE AVENUE Unit 303-N, Jenkintown, PA 19046
A one-bedroom residence with a separate den, updated interiors, and access to community fitness and pool amenities.
Property Size911 SF
Days on Market114
Property Features for 309 FLORENCE AVENUE Unit 303-N
General Information
Standard status
Pending
Size
911 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,679
Amenities
doorman
community pool
fitness center
on-site laundry facilities
storage units
optional garage parking
hair salon
little libraries
Building Details
Building Size
911 SF
Year Built
1965
Listing Agency:
BHHS Fox & Roach-Jenkintown
Listed By:
Cari Guerin-Boyle · License #RS225007L
(267) 626-6818
Source:
Wagnerrealestate
Added: Jul 13
Changed: Nov 2
Last Checked: Nov 3 at 9:01AM
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 911-square-foot residence in Beaver Hill’s North Building has one bedroom, a separate den, and a private patio. The kitchen opens to the dining and living areas and includes maple cabinetry, gas cooking, a breakfast bar, and pantry storage. The bedroom has a walk-in closet, while the bathroom features a walk-in shower. Replacement windows and sliding glass doors are among the updates. The property was built in 1965.
Beaver Hill offers a doorman, pool, fitness center, basement storage units, and optional garage parking. Jenkintown Train Station is steps away, with service to Center City, the northern suburbs, and the airport. Restaurants, cafes, boutiques, the Hiway Theater, Whole Foods, Trader Joe’s, and Target are nearby.
Beaver Hill offers a doorman, pool, fitness center, basement storage units, and optional garage parking. Jenkintown Train Station is steps away, with service to Center City, the northern suburbs, and the airport. Restaurants, cafes, boutiques, the Hiway Theater, Whole Foods, Trader Joe’s, and Target are nearby.
Key Highlights
- 911‑square‑foot residence with one bedroom, a den, and a private patio
- Located in Beaver Hill’s North Building
- Kitchen features maple cabinetry, gas cooking, a breakfast bar, and pantry storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,308
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,160
$246.2K
Cap Rate 7%
$175,829
$175.8K
Cap Rate 9%
$136,756
$136.8K
Market Conditions
NOI Build-Up for 911 SF
Gross rent
$23.8K $26.16/SF
− Vacancy
−$1.5K −$1.60/SF
EGI
$22.4K $24.56/SF
− OpEx
−$10.1K −$11.05/SF
NOI
$12.3K $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%
$246,160
Cap Rate 7%
$175,829
Cap Rate 9%
$136,756
Alternative Uses
Best Use
Apartment 5plus
$175.8K
$153.9K – $205.1K
NOI $12,308 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$524.0K
$458.5K – $611.4K
NOI $36,681 @ 7.0% cap · market cap 20.67%
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 - A one-bedroom residence with a separate den, updated interiors, and access to community fitness and pool amenities.
Where is this residential income property located?
The property is located at 309 FLORENCE AVENUE Unit 303-N Jenkintown, PA.
What is the asking price?
The asking price for this property is $177,500.
What are key features of this property?
This property features: 911‑square‑foot residence with one bedroom, a den, and a private patio; Located in Beaver Hill’s North Building; Kitchen features maple cabinetry, gas cooking, a breakfast bar, and pantry storage
