Price Reduction
Address
115 Montgomery Avenue, Bala Cynwyd, PA
Price
$ 1,250,000
Property Attributes
- MLS#PAMC2182228
- TypeMulti-Family
- Listing Status ACTIVE
- CountyMONTGOMERY
- CityBala Cynwyd
- AreaLower Merion Twp
- Zip19004
- StyleColonial
- Year Built1925
- Taxes$ 12063
- Price$ 1,250,000
- Bedrooms9
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.34 Acres
Data Source:
Bright MLS
Property Description
Huge Price Drop! Motivated Seller! 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.
| Price History | |
|---|---|
| 6/4/2026 | Listed $1,500,000 |
| 9/3/2026 | 17$1,250,000 |
General Features
| Living Area | 4082 |
|---|---|
| Sewer | Public Sewer |
| Heating | 90% Forced Air |
| Cooling | Central A/C |
| Possession | Immediate,Negotiable |
| Zoning | R7 |
| Garage Spaces | 1.00 |
| Architectural Style | Colonial |
| Construction Materials | Frame |
| School District | LOWER MERION |
| Year Built | 1925 |
| Property Subtype | Triplex |
| Tax Year | 2026 |
| Ownership | Fee Simple |
| Cool Fuel | Natural Gas |
| Accessibility | None |
| County | MONTGOMERY |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | Yes |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | Off Montgomery Ave. |
| City | BALA CYNWYD |
| Number Of Units Total | 3 |
| MLS Area | Lower Merion Twp (10640) |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 14810.00 |
| Tax Assessed Value | 262030.0 |
| Number of Units Leased | 3 |
| Tax Annual Amount | 12063.0 |
| Structure Type | Detached |
| Other Units | Unit 1,Unit 1,Unit 1,Unit 1 |
| Price Per Sq Ft Total AG | 306.22 |
| Acceptable Financing | Cash,Conventional,FHA,Other |
| Vacation Rental Y/N | No |
| Total SQFT | 4082 |
| Lease Type | Yearly |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 231 |
| Total Actual Rent | 112440.00 |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Unfinished |
| Hot Water | Electric,Natural Gas |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
| Three Bedroom Units Count | 3 |
Exterior Features
| Pool | No Pool |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 11 |
| Garage Features | Additional Storage Area,Garage - Front Entry |
| Type of Parking | Driveway,Detached Garage |
| Foundation Details | Stone |
| Water View Y/N | No |
| Lot Size Acres | 0.34 |
| Lot Size Source | Estimated |
| Waterfront Y/N | No |
| Land Assessed Value | 0.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| # of Detached Garage Spaces | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19004
Price
Taxes
Year Built
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