Turnkey 4-Unit Quad plus large Garage 402 Cottman St 5 Unit Apartment Building $795,000 ($159,000/Unit) Jenkintown, PA 19046

Turnkey, 5-unit apartment (4 apartments and a 2-car garage) in a prime location of Jenkintown Borough with upside potential, where you could live in one unit while collecting rent from the other 3 units and garage! Except for water, all units have separate heat and separate utilities. Also has coin operated laundry in the basement for extra income. This property has been well maintained over the years, and just recently had a new hot water heater, new front section of the roof, 10-year-old main roof, new powder room in one of the first-floor apartments, and all newer windows throughout. All hardwood floors throughout and original wood trim throughout. The first-floor apartments are 1-bedroom apartments, and the 2nd floor apartments are 2-bedroom apartments on two floors, and the detached garage is a large 2-bay garage. Also, off-street parking for tenants. All long-term tenants that would like to stay are paying well under market rents. Upside potential to bring rents up to current market. Located in downtown Jenkintown Borough and is walking distance to many restaurants and stores. Also, close to routes 611, 73, the PA turnpike, The Maintenance man would be willing to continue maintaining the building.

Situated in downtown Jenkintown Borough, this property benefits from one of Montgomery County’s most desirable and walkable rental locations. Tenants enjoy immediate access to restaurants, shops, and daily conveniences, along with excellent regional connectivity via Routes 611 and 73, the Pennsylvania Turnpike, and nearby public transportation into Philadelphia. Jenkintown’s strong community appeal, limited multifamily inventory, and consistent demand from professionals, families, and long-term renters make this an exceptionally stable rental market. The prime downtown setting supports strong occupancy and long-term upside for a landlord acquiring a well-positioned multifamily asset.