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.
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
115 MONTGOMERY AVENUE Monthly Cost
115 MONTGOMERY AVENUE Market Data
Based on the last 30 days in this zip code
115 MONTGOMERY AVENUE History
| Date | Value | Agent |
|---|---|---|
| 6/3/2026Source: BRIGHT MLS | June 03, 2026 |
|
| 12/3/2024Source: BRIGHT MLS | PENDING |
|
| 12/3/2024Source: BRIGHT MLS | CLOSED |
|
| 12/3/2024Source: BRIGHT MLS | March 19, 2024 |
Contact Information: [email protected] - 8883977352