431-433 Old York Rd - Apartments FOR SALE


Jenkintown, PA 19046
$1,200,000 USD
215-692-3107
431-433 Old York Rd, Jenkintown, PA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

NEW


431-433 Old York Rd
Jenkintown, PA 19046


HIGHLIGHTS

  • Fully leased mixed-use property featuring retail storefronts, residential units, and an office suite.
  • Positioned on a highly visible stretch of Old York Road in Jenkintown’s central business district.
  • Located just minutes from Jenkintown SEPTA Regional Rail Station, ensuring excellent regional access.
  • Surrounded by a vibrant mix of dining, retail businesses, and cultural anchors in a walkable neighborhood.

OVERVIEW

MPN Realty, Inc. Is please to present the exclusive sale of 433 Old York Road (a.k.a. 431-33 Old York Road & 424 Johnson Street) - a mixed-use investment opportunity in the heart of Jenkintown’s active commercial corridor. The property consists of seven total units,fully occupied, including four apartments, two ground-floor storefronts, and one office suite, along with three-car on-site surface parking. Jenkintown’s central business district is anchored along Old York Road (Rt. 611), serving as the borough’s primary commercial spine. Current ownership has completed significant capital improvements and select cosmetic upgrades, addressing major deferred maintenance and enhancing overall asset quality.However, rents have not been fully optimized, leaving much of the near-term upside for a new owner. Additionally, the rear portion of the building on Johnson Street is only one story in height, while zoning permits up to 50 feet (subject to zoning review), which may offer additional value-add potential to develop and add square footage (buyer to conduct due diligence on zoning and development standards). Positioned along a high-visibility stretch of Old York Road with strong vehicle traffic and just minutes from the Jenkintown SEPTA Regional Rail station, the property benefits from both suburban accessibility and consistent tenant demand.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$212 USD /SF

# OF UNITS

-

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

431-33 Old York Rd & 424 Johnson St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

3

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

NCR

APN/PARCEL ID

10-00-05496-002

ASK ABOUT THIS PROPERTY

Samantha MillerMPN RealtyMore Info
215-692-3107

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Samantha MillerMPN RealtyMore Info
215-692-3107

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.