“The Lane”, a 26-unit apartment building at 501 Washington Lane in Jenkintown, is on the market for $6,999,000 ($269,192/unit).

According to the listing, the building is 97% leased and includes residential and commercial tenants. Jenkintown Nail & Spa, Blendery Smoothie, and Limitless Strategies Inc. are listed as current commercial tenants.

From the description:

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.

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