Duplex Residential Income
For Sale
$409,900
39 BLAKE Avenue, Jenkintown, PA 19046
MULTI_FAMILY - Other - JENKINTOWN, PA
Property Size2,016 SF
Lot Size0.08 Acres
Price / SF$203.32
Days on Market80
Property Features for 39 BLAKE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Appliances
Washer/Dryer Stacked
Subdivision
ROCKLEDGE
Elementary school district
ABINGTON
Middle school district
ABINGTON
High school district
ABINGTON
Standard status
Active
Size
2,016 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
5980
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1900
Number of units
2
Building materials
Stucco
Architectural style
Other
Listing Agency:
RE/MAX 2000 · RE/MAX International
(215) 698-2000
Listed By:
John J Bianchimano · License #RS301128
(215) 698-2000
Added: Jun 12
Changed: Jul 27
Last Checked: Aug 30 at 5:06PM
MLS# PAMC2182052
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex includes 2+1 functional layouts and is supported by brand-new heating systems and water heaters. The property also offers usable yard space for outdoor utility.
The home is located at 39 Blake Avenue in Jenkintown, Pennsylvania, in Rockledge Borough, within the Abington School District.
With a lot size of 0.0849 acres and a property size of 2,016 square feet, this residential income property presents a straightforward ownership option for buyers seeking a duplex configuration.
The home is located at 39 Blake Avenue in Jenkintown, Pennsylvania, in Rockledge Borough, within the Abington School District.
With a lot size of 0.0849 acres and a property size of 2,016 square feet, this residential income property presents a straightforward ownership option for buyers seeking a duplex configuration.
Key Highlights
- Duplex with a 2+1 unit setup
- Located in Abington School District
- Year built 1900
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,292
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$585,840
$585.8K
Cap Rate 7%
$418,457
$418.5K
Cap Rate 9%
$325,467
$325.5K
Market Conditions
NOI Build-Up for 2,016 SF
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.
Gross rent
$44.8K $22.20/SF
− Vacancy
−$2.9K −$1.44/SF
EGI
$41.8K $20.76/SF
− OpEx
−$12.6K −$6.23/SF
NOI
$29.3K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$585,840
Cap Rate 7%
$418,457
Cap Rate 9%
$325,467
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
Property Profile
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 - Duplex featuring 2+1 functional layouts with new heating systems and water heaters.
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: Duplex with a 2+1 unit setup; Located in Abington School District; Year built 1900
