Duplex With New Heating
For Sale
Contact for pricing
39 Blake Ave, Jenkintown, PA 19046
A duplex with functional layouts, new heating systems, water heaters, and usable yard space.
Property Size2,016 SF
Price / SF$0.25
Days on Market95
Property Features for 39 Blake Ave
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
RE/MAX 2000
Listed By:
John J Bianchimano · License #RS301128
(215) 778-8610
Source:
Kathywolfgang
Added: Aug 2
Changed: Oct 25
Last Checked: Oct 7 at 5:29PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$27,237
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,740
$544.7K
Cap Rate 7%
$389,100
$389.1K
Cap Rate 9%
$302,633
$302.6K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$52.7K $26.16/SF
− Vacancy
−$3.2K −$1.60/SF
EGI
$49.5K $24.56/SF
− OpEx
−$22.3K −$11.05/SF
NOI
$27.2K $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%
$544,740
Cap Rate 7%
$389,100
Cap Rate 9%
$302,633
Alternative Uses
Best Use
Multifamily LT 5
$418.5K
$366.2K – $488.2K
NOI $29,292 @ 7.0% cap · market cap 5,858.40%
Second Best
Apartment 5plus
$389.1K
$340.5K – $454.0K
NOI $27,237 @ 7.0% cap · market cap 5,447.40%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,174 @ 7.0% cap · market cap 16,234.80%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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 Ave Jenkintown, PA.
What are key features of this property?
This property features: 2+1 duplex configuration; New heating systems; New water heaters
