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The Bollack Team

bollackteam@gmail.com +1(443) 299-7994

Listed by Jay Driscoll • EXP Realty, LLC

$ 650,000

Est. payment -/mo

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Price Dropped by $30K

7301 CHESTNUT AVE Elkins Park, PA 19027

4,355 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,355 sqft

Price per Sqft $149

Subdivision Elkins Park

MLS Listing ID PAMC2158056

Style Traditional

Abv Grd Liv Area 4,355

Year Built 1873

Annual Tax Amount $9,847

Tax Year 2025

Lot Size 0.273 Acres

Acres 0.27

Lot Dimensions 120.00 x 0.00

Property Sub-Type Triplex

Source BRIGHT

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 property's 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, cafés, and regional rail. A well-maintained, income-producing triplex ready for its next chapter. Schedule your showing and see why this property stands out.

Location

State PA

County Montgomery

Area Cheltenham Twp (10631)

Zoning RESIDENTIAL

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Window Unit(s)

Fireplaces Number 1

Inclusions Washer, Dryer, Refrigerator, Stove, Dishwasher and Microwave - All In "As-Is" Condition And At No Monetary Value

Fireplace Y

Heat Source Solar

Exterior

Exterior Feature Patio(s), Porch(es)

Parking Features Garage - Rear Entry, Inside Access, Covered Parking

Garage Spaces 2.0

Water Access N

Accessibility None

Porch Patio(s), Porch(es)

Total Parking Spaces 2

Garage Y

Private Pool No

Building

Above Ground Finished SqFt 4355

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Cheltenham

Others

Tax ID 31-00-06049-004

Ownership Fee Simple

SqFt Source 4355

Acceptable Financing Cash, Conventional, FHA 203(k)

Listing Terms Cash, Conventional, FHA 203(k)

Financing Cash,Conventional,FHA 203(k)

Special Listing Condition Standard

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7301 CHESTNUT AVE Elkins Park, PA 19027

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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7301 CHESTNUT AVE