501 Washington Ln - Apartments FOR SALE


Jenkintown, PA 19046
$6,999,000 USD
215-805-6677
501 Washington Ln, Jenkintown, PA for Sale
$6,999,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

501 Washington Ln
Jenkintown, PA 19046


OVERVIEW

97% leased, newly constructed mixed-use investment in the heart of Jenkintown, offering a stabilized income stream with minimal near-term capital requirements. The property features a well-balanced mix of residential and commercial tenants, providing durable cash flow and income diversification from day one. Situated in a highly walkable, high-visibility corridor, the asset benefits from strong local demand drivers and ongoing neighborhood revitalization. Its new construction ensures modern building systems, reduced maintenance exposure, and long-term operational efficiency. The investment is anchored by attractive in-place income with additional upside through mark-to-market rent growth and continued strengthening of the surrounding submarket. Combined with low operating costs and a high-quality tenant base, the property offers a compelling risk-adjusted return profile. A rare opportunity to acquire a turnkey, income-producing asset in a supply-constrained suburban Philadelphia market, well-suited for investors seeking stable yield with long-term appreciation potential.

FOR SALE DETAILS

PRICE

$6,999,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

26

PRICE/UNIT

$269,192

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Lane

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2025

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,118 SF

ZONING

A, R2

APN/PARCEL ID

10-00-05384-006

ASK ABOUT THIS PROPERTY

Marie HigginsRiverside Realty PartnersMore Info
215-805-6677

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Marie HigginsRiverside Realty PartnersMore Info
215-805-6677

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