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431-33 Old York Rd & 424 Johnson St 431-433 Old York Rd 4 Unit Apartment Building $1,200,000 ($300,000/Unit) Jenkintown, PA 19046



Investment Highlights
- Fully leased mixed-use property featuring retail storefronts, residential units, and an office suite.
- Located just minutes from Jenkintown SEPTA Regional Rail Station, ensuring excellent regional access.
- Positioned on a highly visible stretch of Old York Road in Jenkintown’s central business district.
- Surrounded by a vibrant mix of dining, retail businesses, and cultural anchors in a walkable neighborhood.
Executive Summary
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.
Property Facts
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Very walkable
80/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 10-00-05496-002 | Improvements Assessment | $208,410 |
| Land Assessment | $111,400 | Total Assessment | $319,810 |
Property Taxes
Parcel Number
10-00-05496-002
Land Assessment
$111,400
Improvements Assessment
$208,410
Total Assessment
$319,810
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431-33 Old York Rd & 424 Johnson St | 431-433 Old York Rd
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