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$575,000
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Property Description
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.
Full Property Details
Full Property Details for 123 Cedar St
General
- Sold For: $575,000
- Taxes: $9,229 (2026)
- Status: Closed
- Type: Single Family
- Source: BrightMLSPhilly
- MLS ID: PAMC2185760
- Added to Site: 61 day(s) ago
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 6
- Parking Type: Detached Garage, Driveway
- Garage Description: Garage - Front Entry
Location
- Area: Jenkintown Boro (10610)
- Municipality: JENKINTOWN BORO
- County: MONTGOMERY
- Driving Directions: GPS
School Information
- School District: Jenkintown
- Middle School: Jenkintown Middle School
- High School: Jenkintown
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Forced Air, Baseboard - Electric
- Heating Fuel: Natural Gas, Electric
- Water Heater: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Colonial
- Structure Type: Detached
- Construction: Aluminum Siding
- Basement: Yes
- Basement Desc.: Unfinished, Walkout Level
- Foundation: Stone
- Square Feet: 2,308
- Sq. Ft. Source: Estimated
- Living Area: 2,308 Sq. Ft.
- Finished Above Grnd: 2,308 Sq. Ft.
- Year Built: 1900
- Year Built Source: Estimated
Unit Information
- Other Units: Unit 1, Unit 1, Unit 1
Additional Structures
- Other Structures: Garage(s)
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,148
- Lot Size Source: Estimated
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $249.13
- School Tax: $6,665
- County Tax: $721
- County Tax Freq: Annually
- Tax w/Assessment: $132,060
- Tax Amount: $9,229
- Tax Year: 2026
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 2154
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 16
Listed by Springer Realty Group, Jeffrey W. Bryant
Sold by Prime Real Estate Team, David C Cary
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Schools
Schools serving 123 Cedar St
School District:Jenkintown School District
| Name | Grades | Distance |
|---|---|---|
Jenkintown El School Highland Avenue, Jenkintown, PA 19046 | K-6 | 0.3 mi |
Jenkintown Middle/High School West and Highlands Avenues, Jenkintown, PA 19046 | 7-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 123 Cedar St
Date
Details
Price
Change
Source
8/03/2026
Sold
$575,000
—
MLS
6/27/2026
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
123 Cedar Street, Jenkintown, PA 19046 (MLS# PAMC2185760) is a Single Family property that was sold at $575,000 on August 03, 2026. Want to learn more about 123 Cedar Street? Do you have questions about finding other Single Family real estate for sale in Jenkintown? You can browse all Jenkintown real estate or contact a Coldwell Banker agent to request more information.

