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The Lane 501 Washington Ln 26 Unit Apartment Building $9,737,638 CAD ($374,525 CAD/Unit) Jenkintown, PA 19046
Executive Summary
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.
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.
Property Facts
| Price | $9,737,638 CAD | Building Class | B |
| Price Per Unit | $374,525 CAD | Lot Size | 0.51 AC |
| Sale Type | Investment | Building Size | 25,560 SF |
| No. Units | 26 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2025 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.5/1,000 SF |
| Zoning | A, R2 - A, R2 | ||
| Price | $9,737,638 CAD |
| Price Per Unit | $374,525 CAD |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.51 AC |
| Building Size | 25,560 SF |
| Average Occupancy | 97% |
| No. Stories | 4 |
| Year Built | 2025 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | A, R2 - A, R2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 16 | - | - |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 10-00-05384-006 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $406,470 CAD |
Property Taxes
Parcel Number
10-00-05384-006
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$406,470 CAD
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The Lane | 501 Washington Ln
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