Updated One-Bedroom
For Sale
$129,500
309 FLORENCE AVENUE Unit 411-N, Jenkintown, PA 19046
Renovated kitchen, private balcony, and building amenities support convenient condominium living.
Property Size784 SF
Price / SF$165.18
Days on Market11
Property Features for 309 FLORENCE AVENUE Unit 411-N
General Information
Standard status
Active
Size
784 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,277
Amenities
staffed lobby
maintained common areas
laundry on each floor
outdoor pool
Building Details
Building Size
784 SF
Year Built
1965
Listing Agency:
Keller Williams Main Line
Listed By:
Lindsay Baumstein · License #RS372942
(484) 437-1162
Source:
Lizclarkrealestate
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 16 at 2:57PM
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 Keller Williams Main Line
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Investment Insights
Based on property information with market context.
This 784-square-foot condominium has one bedroom and one bathroom, with separate living and dining areas. The renovated kitchen includes white cabinetry, stainless steel appliances, and a tile backsplash; new carpeting and fresh paint update the interior. Sliding glass doors open to a balcony with a greenery outlook, and a hallway walk-in closet provides additional storage. The building dates to 1965.
Residents have access to a staffed lobby, maintained common areas, and laundry facilities on each floor. An outdoor pool is available for an additional fee. Utilities are included in the monthly condominium fee, with cable paid separately. Pets are not permitted.
The property is within walking distance of the Jenkintown-Wyncote SEPTA Regional Rail Station and near shopping, dining, and downtown Jenkintown. Rail service provides access to Center City Philadelphia.
Residents have access to a staffed lobby, maintained common areas, and laundry facilities on each floor. An outdoor pool is available for an additional fee. Utilities are included in the monthly condominium fee, with cable paid separately. Pets are not permitted.
The property is within walking distance of the Jenkintown-Wyncote SEPTA Regional Rail Station and near shopping, dining, and downtown Jenkintown. Rail service provides access to Center City Philadelphia.
Key Highlights
- 784 square feet with one bedroom and one bathroom
- Renovated kitchen with white cabinetry, stainless steel appliances, and tile backsplash
- Private balcony with a greenery outlook; hallway walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,592
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,840
$211.8K
Cap Rate 7%
$151,314
$151.3K
Cap Rate 9%
$117,689
$117.7K
Market Conditions
NOI Build-Up for 784 SF
Gross rent
$20.5K $26.16/SF
− Vacancy
−$1.3K −$1.60/SF
EGI
$19.3K $24.56/SF
− OpEx
−$8.7K −$11.05/SF
NOI
$10.6K $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%
$211,840
Cap Rate 7%
$151,314
Cap Rate 9%
$117,689
Alternative Uses
Best Use
Apartment 5plus
$151.3K
$132.4K – $176.5K
NOI $10,592 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$451.0K
$394.6K – $526.1K
NOI $31,568 @ 7.0% cap · market cap 24.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 - Renovated kitchen, private balcony, and building amenities support convenient condominium living.
Where is this residential income property located?
The property is located at 309 FLORENCE AVENUE Unit 411-N Jenkintown, PA.
What is the asking price?
The asking price for this property is $129,500.
What are key features of this property?
This property features: 784 square feet with one bedroom and one bathroom; Renovated kitchen with white cabinetry, stainless steel appliances, and tile backsplash; Private balcony with a greenery outlook; hallway walk‑in closet
