$ 575,000
-
$575,000
Price -
4
Bed -
3
Bath -
2,308
SqFt
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About the Listing SPRNGRGP - 3126752
Excellent investment opportunity in the heart of the Borough of Jenkintown. 123 Cedar Street is a well-maintained 3-unit multifamily property featuring one spacious 2-bedroom unit and two 1-bedroom units, plus a detached 2-car garage providing additional rental income. This fully-rented property currently generates over $55,000 in annual gross rent, with a mix of stable lease terms and month-to-month flexibility. Major improvements include a full roof and gutter replacement in 2020, new central HVAC for the first floor installed in 2023, new paved driveway in 2022, repointed front stone wall, and upgraded electric service with 150-amp panels for each unit and basement and a 200-amp upgrade for the whole house, including new wiring throughout. Recent unit updates include newer flooring, paint, toilets, appliances, hot water heaters, updated laundry appliances, and separate electric/gas utilities. Located in desirable Jenkintown Borough, this property offers convenient access to shops, restaurants, public transportation, regional rail, and major commuter routes. A strong option for investors, owner-occupants, or buyers looking for a well-located income-producing property. Electric and gas is separately metered.
Listing Highlights
Status
Active With Contingency
Days on Site
4
Property Type
Multi-Family
MLS ®
PAMC2185760
Year Built
1900
Total Square Footage
2,308
Lot/Acreage
0.21
County
Montgomery
School District
Jenkintown
Middle School
Jenkintown Middle School
High School
Jenkintown
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central A/C,Window Unit(s)
- Heating: Forced Air,Baseboard - Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2308
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Walkout Level
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: 2 car
- Parking Spaces: 6
- Zoning: RESIDENTIAL
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Garage - Front Entry,Detached Garage,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $9,229
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
123 Cedar St Jenkintown, PA 19046
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