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    Property profile & analytics

    240 Montgomery Ave Ardmore, PA 19003-3322

    • Apartment buildings
    • 24,202 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimation
    $705,000
    Location Intelligence
    Property ID
    US73-0978543
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Main Line Village / Apartment Building
    • Steven R. Lewis & Associates, LLC / Business Management Consultant

    Property Details for 240 Montgomery Ave

    Year built
    1969
    Lot size
    0.60 lot acres
    Property size
    24,202 SF
    Zone code
    R7
    Property type
    Apartment buildings
    APN
    40-00-38360-00-3
    APU
    400038360003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $680,000

    • CAP approach

      CAP return
      Estimation
      6%
      $910,000
      6.5%
      $815,000
      7%
      $820,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $755,000
      Geo Method
      $965,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $730,000
      Retail
      $775,000
      Mixed-Use
      $675,000
      Hospitality
      $735,000
      Educational
      $700,000
      Residential Income
      $925,000
      Energy
      $795,000
      Income-Based Land
      $935,000
      Food Service
      $865,000

    Location Insight

    • Map
    • Local Demand
    City
    Ardmore
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2818
    Latitude
    40.0084
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $33,197
    $198,250
    $596,620
    $794,870
    -
    $198,250
    $596,620
    $794,870

    Comparable in this City

    • Value Estimation by Request
      93,388 SF

      113 Cricket Ave

      APARTMENT HOUSE (5+ UNITS) • 93,388 SF
      113 Cricket Ave, Ardmore, PA 19003-2145
      View Details
    • Value Estimation
      $6,645,000
      49,254 SF

      34 Montgomery Ave

      APARTMENT HOUSE (5+ UNITS) • 49,254 SF
      34 Montgomery Ave, Ardmore, PA 19003-1411
      View Details
    • Value Estimation
      $650,000
      31,248 SF

      20 Montgomery Ave

      APARTMENT HOUSE (5+ UNITS) • 31,248 SF
      20 Montgomery Ave, Ardmore, PA 19003-1435
      View Details
    • Value Estimation
      $725,000
      21,168 SF

      45 Athens Ave

      APARTMENT HOUSE (5+ UNITS) • 21,168 SF
      45 Athens Ave, Ardmore, PA 19003-1307
      View Details
    • Value Estimation by Request
      14,400 SF

      53 Llanfair Rd

      APARTMENT HOUSE (5+ UNITS) • 14,400 SF
      53 Llanfair Rd, Ardmore, PA 19003-3344
      View Details
    • Value Estimation by Request
      30,054 SF

      18 Montgomery Ave

      APARTMENT HOUSE (5+ UNITS) • 30,054 SF
      18 Montgomery Ave, Ardmore, PA 19003
      View Details

    Similar Nearby for Sale

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      High-yield, multi-income Ardmore property.
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      Mixed-use properties • 0.02 Acres
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    • $1,250,000
      4,632 SF

      with the PLCB \""R\"" License included

      the total asking price is $1
      98 Cricket Ave, Ardmore, PA 19003
      View Details
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      1,228 SF

      Prime Ardmore Location Opportunity

      Investment opportunity in a walkable, amenity-rich Ardmore neighborhood.
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      Ardmore Retail Space: Prime Location

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    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

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      Prime Ardmore retail/office space, 2,000-4,000 SF.
      6 Lancaster Ave, Ardmore, PA 19003
      View Details
    • Contact for pricing
      5,100 SF

      Retail Space in Ardmore Center

      Retail space available in affluent Main Line market.
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      View Details
    • $40 SF/Yr
      37,026 SF

      Office Space in Ardmore, PA

      Office property for lease in Ardmore, Pennsylvania.
      233 E Lancaster Ave, Ardmore, PA 19003
      View Details
    • Contact for pricing
      5,264 SF

      Retail Space in Suburban Square

      Lifestyle center retail space for lease in Ardmore, PA.
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      View Details
    • New
      $1,500 /Mo
      4,792 SF

      Office Space in Downtown Ardmore

      Boutique office building with suites available for lease.
      16 E Lancaster Ave, Ardmore, PA 19003
      View Details
    • Contact for pricing
      403,874 SF

      Ardmore Retail Center Investment

      Main Line Retail Space Available
      0 Montgomery Ave. & Anderson Ave, Ardmore, PA 19003
      View Details
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    Ardmore, PA 19003-3322
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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