Duplex With New Heating
For Sale
$409,900
39 BLAKE AVENUE, Jenkintown, PA 19046
A duplex with functional layouts, new heating systems, water heaters, and usable yard space.
Property Size2,016 SF
Days on Market55
Property Features for 39 BLAKE AVENUE
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,980
Building Details
Building Size
2,016 SF
Year Built
1900
Listing Agency:
RE/MAX 2000
(215) 698-2000
Listed By:
John J Bianchimano · License #RS301128
(215) 698-2000
Source:
Lizclarkrealestate
Added: Jun 12
Changed: Aug 3
Last Checked: Aug 4 at 9:16AM
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 RE/MAX 2000
Investment Insights
Based on property information with market context.
This duplex, built in 1900, offers a 2+1 unit configuration with functional residential layouts. The property includes new heating systems and water heaters, providing updated core building equipment for both units. Usable yard space adds an outdoor component to the property, while the duplex format supports multifamily ownership or an owner-occupant arrangement.
Key Highlights
- 2+1 duplex configuration
- New heating systems
- New water heaters
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 | $44.8k | $22.20 |
| − Vacancy | −$2.9k | −$1.44 |
| EGI | $41.8k | $20.76 |
| − OpEx | −$12.6k | −$6.23 |
| NOI | $29.3k | $14.53 |
2,016 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$418.5K
$366.2K – $488.2K
NOI $29,292 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$389.1K
$340.5K – $454.0K
NOI $27,237 @ 7.0% cap · market cap 6.64%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,174 @ 7.0% cap · market cap 19.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
748
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A duplex with functional layouts, new heating systems, water heaters, and usable yard space.
Where is this duplex located?
The property is located at 39 BLAKE AVENUE Jenkintown, PA.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: 2+1 duplex configuration; New heating systems; New water heaters
