You found the purpose build 4 unit building that you have been looking! Welcome to this well-maintained and fully rented 4-unit apartment building, ideally located across the street from a beautiful public park featuring basketball courts, a playground, and open green space—perfect for tenants seeking both convenience and community. Each of the four units has been meticulously updated and renovated to reflect modern tenant desires and ease of maintenance for landlords. The building offers 4 spacious 2-bedroom, 1-bathroom apartments with great natural light and open, functional floor plans. To make things even better the building features separate utilities (gas, electric and water are paid by tenants on their own bills), private laundry hookups, and individual storage rooms for each unit. There are also 4 garages that can be rented to tenants or to others. Each of these features is a great way to maximize earnings and limit the headache the inevitably comes with less ideal setups. Ideal for 1031 exchange or portfolio addition The building is fully occupied and ready to provide strong cash flow from day one while also having significant long-term upside! This is a rare chance to own a quality multifamily asset in a highly rentable location. Looking for a 1031 exchange, this is the one! Don’t miss it and schedule your showing today!
Multi-familyProperty Type
1960Year Built
6,380 sq ftLot Size
$239Est. Price/Sq.Ft.
4 garage spacesParking
Listed by Stephen Stout• Keller Williams Real Estate - Media
What a great property for any investor! Back on the market due to buyer default. Are you looking for an investment property? Each unit has 2 bedrooms and one bath. Tons of closet space with separate laundry in the basement and garages for each unit. Each unit also has a private storage area in the basement for individual tenant use. Close to shopping and a beautiful park across the street with a playground and basketball courts. Due to this being an estate sale, there is limited information. Buyer to be responsible for repairs as required by township Use & Occupancy.
Public Records
Jul 16, 2014
Sold
$570,000
$154/sq ft
Public Records
Aug 3, 1990
Sold
$235,000
$64/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$10,935 (+4.5%)
2025
$10,463 (+4.8%)
2024
$9,979 (+3.6%)
2023
$9,632 (+3.0%)
2022
$9,356 (+2.7%)
2021
$9,111 (+2.4%)
2020
$8,898 (+1.6%)
2019
$8,762 (+2.2%)
2018
$8,572 (+2.5%)
2017
$8,363 (+5.7%)
2015
$7,915 (+3.2%)
2014
$7,669
2013
$7,669 (+4.0%)
2011
$7,375 (+1.2%)
2010
$7,291 (+3.3%)
2009
$7,060
Tax history for 120 Clement Rd
Year
Property tax
Land + Additions
Assessment*
2026
$10,935 (+4.5%)
2025
$10,463 (+4.8%)
2024
$9,979 (+3.6%)
2023
$9,632 (+3.0%)
2022
$9,356 (+2.7%)
2021
$9,111 (+2.4%)
2020
$8,898 (+1.6%)
2019
$8,762 (+2.2%)
2018
$8,572 (+2.5%)
2017
$8,363 (+5.7%)
2015
$7,915 (+3.2%)
2014
$7,669
2013
$7,669 (+4.0%)
2011
$7,375 (+1.2%)
2010
$7,291 (+3.3%)
2009
$7,060
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
8
Baths
4
Stories
2
Lot width
58 ft.
Lot depth
—
Lot size
6,380 Sq. Ft.
Year renovated
—
Sq. Ft.
3,690
Year built
1960
Style
Multi-Family (2-4 Unit)
County
Montgomery County
APN
520004069001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 5, 2026.
Property details
Parking
Parking Information
# of Attached Garage Spaces: 4
Garage Features: Basement Garage
# of Total Garage and Parking Spaces: 8
Has Garage
# of Garage Spaces: 4
Off Street - # of Spaces: 4
Asphalt Driveway, Private
Attached Garage, On Street, Off Street
Interior
Interior Information
Appliances: Built-In Microwave, Dishwasher, Microwave, Water Heater, Stove, Stainless Steel Appliances, Refrigerator, Oven/Range - Gas
Living Area Sq.Ft. Source: Assessor
Basement Information
Basement: Yes
Full
Multi Unit Information
# of Two Bedroom Units: 4
# of Units Leased: 4
Exterior
Property Information
Total Below Grade Sq. Ft.: 0
Ownership Interest: Fee Simple
Property Condition: Excellent, Very Good, Good
Year Built Source: Assessor
Building Information
# of Units (Total): 4
Construction Materials: Stucco, Brick
Foundation Details: Block
Other Structures: Above Grade, Below Grade
Roof: Hip, Pitched, Unknown
Structure Type: Detached
Lot Information
Lot Size Dimensions: 58.00 x 0.00
Lot Dimensions Source: Assessor
Tidal Water: No
Above Grade Information
Finished Sq.Ft.: 3,690
Finished Sq.Ft. Source: Assessor
Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor
Financial
Tax Information
City/Town Tax: $985
County Tax: $1,112
School Tax: $8,282
Tax Assessed Value: $211,860
Tax Year: 2024
Tax Annual Amount: $10,462
Assessments Information
Year Assessed: 2025
Lease Information
Existing Lease Type: Yearly
Rental Information
Rent Control: No
Utilities
Utilities Information
Central Air
Cooling Type: Central A/C
Cooling Fuel: Electric
Circuit Breakers
90% Forced Air
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Location
School Information
School District Name: SPRINGFIELD TOWNSHIP
School District Source: Listing Agent
Location Information
Cross Street: Bruce Road
Directions: Turn left onto Pennsylvania Ave and turn right onto Bridge St, then, turn left onto Bruce Rd, lastly, turn right onto Clement Rd. Destination will be on the right.
Municipality: SPRINGFIELD TWP
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 3,690
Stories: 2.0
Lot Size: 6,380 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1960
Year Renovated: —
County: Montgomery County
APN: 520004069001
Home facts updated by county records on Aug 5, 2026
Around this home
Schools
Springfield Twp El School-Erdenhm
Public 3-5 • Assigned • 1.1mi
8/10
Springfield Twp Middle School
Public 6-8 • Assigned • 1.0mi
9/10
Springfield Twp High School
Public 9-12 • Assigned • 1.2mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 101° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Oreland, PA • 19075
Average low and high temperatures (°F)
36
21
40
25
58
37
67
45
74
54
85
64
89
70
82
61
78
59
68
46
55
38
41
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
8.9 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$839,000 – $1.02M
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