Duplex with Two Car
309 Highland Avenue Jenkintown, PA 19046
309 Highland Avenue, Jenkintown, PA, 19046
$599,000
For Sale
$599,000
Three-story duplex with two electric meters, two gas heaters, and a detached two-car garage on a private driveway.
Property Size3,543 SF
Price / SF$169.07
Days on Market72
Property Features for 309 Highland Avenue
General Information
- Standard status
- Active
- Size
- 3,543 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agency
BHHS Fox & Roach-Jenkintown
(215) 882-2001
Listed by
Lynn Mundy Coggin · License #RS210932L
(215) 882-2001
Source
Compass
Added: May 12 Updated: Jul 21 at 10:04PM Checked: Jul 21 at 10:04PM
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
Investment Insights
Based on property information with market context.
Built in 1920, this three-story duplex has been converted from an earlier single-family layout and is currently configured with two separate units within the home. The first floor includes an eat-in kitchen, three bedrooms, a full bath, and a spacious family room with a brick fireplace with gas logs. The second and third floors each provide additional kitchen space, multiple bedrooms, and two full baths, supported by a wide interior hallway and original-style architectural details throughout.
The property is in Jenkintown Borough and is described as being directly across from the Jenkintown football field, with the commuter rail station located less than 1 mile away and a bus stop also less than 1 mile away. A large wraparound front porch leads into a vestibule with original double doors and a center hallway.
Outside, the home features a large backyard, a deck with an awning, and a handicap-accessible ramp. Parking is provided via an expansive private driveway with space for approximately ten vehicles, plus a detached two-car garage. The listing notes no current tenant leases in place, and the duplex setup includes two electric meters and two separate gas heaters. The home is in need of updating and cosmetic improvements, and may be suitable for buyers looking to reimagine the configuration.
The property is in Jenkintown Borough and is described as being directly across from the Jenkintown football field, with the commuter rail station located less than 1 mile away and a bus stop also less than 1 mile away. A large wraparound front porch leads into a vestibule with original double doors and a center hallway.
Outside, the home features a large backyard, a deck with an awning, and a handicap-accessible ramp. Parking is provided via an expansive private driveway with space for approximately ten vehicles, plus a detached two-car garage. The listing notes no current tenant leases in place, and the duplex setup includes two electric meters and two separate gas heaters. The home is in need of updating and cosmetic improvements, and may be suitable for buyers looking to reimagine the configuration.
Key Highlights
- Built in 1920, three‑story stone and brick home currently configured as a duplex with two electric meters
- First floor features eat‑in kitchen, 3 bedrooms, full bath, and spacious family room with brick fireplace and gas logs
- Second and third floors include an additional kitchen, multiple bedrooms, and two full baths
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.7k | $22.20 |
| − Vacancy | −$5.1k | −$1.44 |
| EGI | $73.5k | $20.76 |
| − OpEx | −$22.1k | −$6.23 |
| NOI | $51.5k | $14.53 |
3,543 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$735.4K
$643.5K – $858.0K
NOI $51,479 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$683.8K
$598.3K – $797.8K
NOI $47,867 @ 7.0% cap · market cap 7.99%
Theoretical Best
Specialty Retail
$2.04M
$1.78M – $2.38M
NOI $142,658 @ 7.0% cap · market cap 23.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Three-story duplex with two electric meters, two gas heaters, and a detached two-car garage on a private driveway.
Where is this duplex located?
The property is located at 309 Highland Avenue Jenkintown, PA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Built in 1920, three‑story stone and brick home currently configured as a duplex with two electric meters; First floor features eat‑in kitchen, 3 bedrooms, full bath, and spacious family room with brick fireplace and gas logs; Second and third floors include an additional kitchen, multiple bedrooms, and two full baths
