115 MONTGOMERY AVENUEBALA CYNWYD, PA 19004

Multi-Family · 4,082 Sq. ft. | 0.34 Acres
$1,500,000 ACTIVE

115 MONTGOMERY AVENUE Overview

Time on Site:
26 days
Visits:
3

Exceptional investment opportunity in the highly desirable Bala Cynwyd area, located within the award-winning Lower Merion School District! This fully occupied triplex plus separately rented garage offers immediate and substantial cash flow, generating an impressive $9,370 per month ($112,440 annually) in gross rental income. The property consists of three residential units and a detached garage, all currently leased. Unit 1 is a spacious 3-bedroom, 1-bathroom apartment featuring a private deck and in-unit laundry, rented for $3,070/month. Unit 2 offers 2-3 bedrooms, 1 bathroom, and in-unit laundry, rented for $2,750/month. Unit 3 is a large 5-bedroom, 1-bathroom apartment with in-unit laundry, rented for $3,070/month. The detached garage provides an additional income stream, currently rented for $480/month. Adding to the property's strong investment profile, tenants are responsible for their own electric and gas utilities, unit 2 pays $100 flat water each month. The property also features a large driveway with parking for 10+ vehicles, a highly sought-after amenity for tenants and guests alike. Whether you're looking to expand your portfolio with a high-performing asset or complete a 1031 exchange, this turnkey, income-producing property checks all the boxes. Opportunities to acquire a fully leased multifamily property with strong rents, multiple income streams, tenant-paid utilities, and a premier Lower Merion location are rare. Schedule your showing today and add this exceptional investment to your portfolio.

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115 MONTGOMERY AVENUE Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,082
  • Price/Sq.ft. $367
  • Lot 0.34 Acres

Details

General

Income/Expenses

  • Existing Lease Type: Yearly

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 4082
  • Year Built: 1925

Location/Region

  • Country: US
  • County: MONTGOMERY
  • County Or Parish: MONTGOMERY
  • MLS Area Major: Lower Merion Twp (10640)

Parking Information

  • Total Parking Spaces: 11
  • Type of Parking: Driveway,Detached Garage

Tax Information

  • County Tax: 1431.00
  • County Tax Payment Frequency: Annually
  • School Tax: 9241.00
  • Tax Annual Amount: $12,063.00
  • Tax Assessed Value: 262030.00
  • Tax Year: 2026

General Information

  • Property Sub Type: Triplex
  • Property Type: Multi-Family
  • School District Name: LOWER MERION
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2026
  • Zoning: R7

Unit Information

  • Other Units: Unit 1,Unit 1,Unit 1,Unit 1

Interior

Building Information

  • Cooling Fuel: Natural Gas
  • Heating Fuel: Natural Gas

Parking Information

  • Garage Features: Additional Storage Area,Garage - Front Entry
  • Garage Spaces: 1.00
  • Garage: Yes

Building Exterior/Construction

  • Structure Type: Detached

Building Interior

  • Above Grade Finished Area: 4082
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Central Air: Yes
  • Hot Water: Electric,Natural Gas

General Information

  • Accessibility Features: None
  • Cooling: Central A/C
  • Fireplace: No
  • Foundation Details: Stone
  • Living Area: 4082
  • Living Area Source: Assessor

Unit Information

  • One Bedroom Units Count: 0
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 3
  • Two Bedroom Units Count: 0

Exterior

Lot Information

  • Lot Size Acres: 0.34
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 14810.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Colonial
  • Construction Materials: Frame

General Information

  • Number Of Units Leased: 3
  • Number Of Units Mo Mo: 0
  • Number Of Units Total: 3
  • Number Of Units Vacant: 0
  • Other Structures: Above Grade,Below Grade
  • Sewer: Public Sewer
  • Water Access: No

Unit Information

Unit 2 Details

  • Unit Type: Unit 1
  • Total Rent: 2750.00
  • Beds Total: 3

Unit 3 Details

  • Unit Type: Unit 1
  • Total Rent: 3070.00
  • Beds Total: 5

Unit 1 Details

  • Unit Type: Unit 1
  • Total Rent: 3070.00
  • Beds Total: 3

Unit 4 Details

  • Unit Type: Unit 1
  • Total Rent: 480.00
  • Beds Total: 0
  • Description: GARAGE RENTED

115 MONTGOMERY AVENUE Neighborhood

Community

19004 (BALA CYNWYD) Demographics

44
Median Age
3,337
Population Density (per sq. mile)
75%
College Educated
$122,950
Estimated Median Income
3,148
Estimated Total Home Owners
721
Estimated Total Renters
81% / 19%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

115 MONTGOMERY AVENUE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

115 MONTGOMERY AVENUE Market Data

Based on the last 30 days in this zip code

$735,198
Average List Price
$305
Average Price per Square Foot
11
Properties Sold
82
Average Days on Market
57
Properties for Sale
Calculations provided by Reliance Network

115 MONTGOMERY AVENUE History

Date Event Value Agent
6/3/2026Source: BRIGHT MLS Added to Database
June 03, 2026
12/3/2024Source: BRIGHT MLS Status Change
PENDING
12/3/2024Source: BRIGHT MLS Status Change
CLOSED
12/3/2024Source: BRIGHT MLS Added to Database
March 19, 2024
Listing provided courtesy of EXP Realty, LLC- MLS# PAMC2182228MLS ProviderContact Information: [email protected] - 8883977352