Address
7301 Chestnut Ave, Elkins Park, PA
Price
$ 650,000
Property Attributes
- MLS#PAMC2158056
- TypeMulti-Family
- Listing Status ACTIVE
- CountyMONTGOMERY
- CityElkins Park
- AreaCheltenham Twp
- NeighborhoodElkins Park
- Zip19027
- StyleTraditional
- Year Built1873
- Taxes$ 9847
- Price$ 650,000
- Bedrooms7
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.27 Acres
Data Source:
Bright MLS
Property Description
Tenant Occupied Triplex in Melrose Park! This grand triplex sits on .27 acres with solar panels, a large driveway, a two-car garage, and a second detached garage, ideal for additional parking or storage, offering both stability and upside for owner-occupiers or investors. Unit 1 is tenant occupied, receiving $2500/month, Unit 2 is tenant occupied receiving $2000/month, Unit 3 is now vacant (great for owner-occupied), and one of the garage spaces rented for $500/month. Great to add value or continue renting out! A ton of potential with this property, whether you're looking to owner occupy or use as strictly investment. Each of the three units has its own kitchen, full baths, and unique character across three levels of living space. The first-floor unit features three bedrooms, two full baths, and a spacious kitchen that opens to the rear yard. Upstairs, the second-floor unit offers another three bedrooms and a full bath across more than 1,200 square feet, complete with in-unit laundry. The third-floor unit includes one bedroom and one bath with natural light throughout. The propertys outdoor areas are a standout: a fenced front yard with a covered porch and garden, plus a semi-private backyard with a patio and mature landscaping, perfect for quiet mornings or casual get-togethers. The basement includes shared laundry facilities and additional storage. Positioned between Center City and the suburbs, this location combines convenience with a relaxed residential feel, minutes from restaurants, cafs, and regional rail. A well-maintained, income-producing triplex ready for its next chapter. Schedule your showing and see why this property stands out.
| Price History | |
|---|---|
| 10/9/2025 | Listed $750,000 |
| 12/4/2025 | 4$725,000 |
| 2/24/2026 | 4$699,000 |
| 4/20/2026 | 3$680,000 |
| 7/13/2026 | 5$650,000 |
General Features
| Living Area | 4355 |
|---|---|
| Sewer | Public Sewer |
| Heating | Hot Water |
| Cooling | Window Unit(s) |
| Possession | Settlement |
| Zoning | RESIDENTIAL |
| Garage Spaces | 2.00 |
| Patio/Porch Features | Patio(s),Porch(es) |
| Architectural Style | Traditional |
| Construction Materials | Stone |
| School District | CHELTENHAM |
| Year Built | 1873 |
| Property Subtype | Triplex |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | MONTGOMERY |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | ELKINS PARK |
| Garage Y/N | Yes |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | Between Chestnut Ave and Oak Ave |
| City | ELKINS PARK |
| Number Of Units Total | 3 |
| MLS Area | Cheltenham Twp (10631) |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 11900.00 |
| Tax Assessed Value | 145000.0 |
| Number of Units Leased | 2 |
| Tax Annual Amount | 9847.0 |
| Structure Type | Other |
| Single Room Units Count | 1 |
| One Bedroom Units Count | 1 |
| NumberOfUnitsVacant | 1 |
| Other Units | Unit 1,Unit 1,Unit 1,Unit 1 |
| Price Per Sq Ft Total AG | 149.25 |
| Acceptable Financing | Cash,Conventional,FHA 203(k) |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 4355 |
| Lease Type | Yearly |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 001 |
Interior Features
| Heating Fuel | Solar |
|---|---|
| Basement | Unfinished |
| Total Fireplaces | 1 |
| Hot Water | Natural Gas |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Central Air Y/N | No |
| LivingAreaSource | Assessor |
| Three Bedroom Units Count | 2 |
Exterior Features
| Pool | No Pool |
|---|---|
| Water Source | Public |
| Inclusions | Washer,Dryer,Refrigerator,Stove,Dishwasher and Microwave - All In As-Is Condition And At No Monetary Value |
| Total Parking Spaces | 2 |
| Garage Features | Garage - Rear Entry,Inside Access,Covered Parking |
| Type of Parking | Detached Garage,Driveway |
| Land Use Code | 1134 |
| Water View Y/N | No |
| Lot Dimensions | 120.00 x 0.00 |
| Lot Size Acres | 0.27 |
| Lot Size Source | Assessor |
| Waterfront Y/N | No |
| Land Assessed Value | 0.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| # of Detached Garage Spaces | 2 |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19027
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