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7301 Chestnut Ave

ELKINS PARK, PA 19027
  • $650,000
  • STATUS: Active
  • ON SITE: 302 Days
  • ID#: PAMC2158056
UPDATED: 23 min ago
$650,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,355
    SQFT
  • $149
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1873
County:

School Ratings & Info

School District:

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.

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©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Peak Asset Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-08-08T20:53:06.147.
www.zimmermanteam.com/homes/168719065
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7301 Chestnut Ave ELKINS PARK, PA 19027

  • Price: $650,000
  • Status: Active
  • On Site: 302 Days
  • Updated: 23 min ago
  • ID#: PAMC2158056
0
Beds
0
Baths
0
½ Baths
0.27
Acres
4,355
SQFT
$149
$/SQFT
1873
Built
Neighborhood:
Elkins Park
County:
Montgomery
Area:
Cheltenham Twp (10631)
School District:
Cheltenham
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.
Exterior Features

Architectural Style Traditional Construction Materials Stone Garage Spaces 2.00 Garage Type Garage - Rear EntryInside AccessCovered Parking Garage YN Yes Parking Types Detached GarageDriveway Patio And Porch Features Patio(s)Porch(es) Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 4355 Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Fireplace YN Yes Fireplaces Total 1 Heating Hot Water Heating YN Yes Inclusions WasherDryerRefrigeratorStoveDishwasher and Microwave - All In "As-Is" Condition And At No Monetary Value Single Room Units 1 Three Bedroom Units 2 Two Bedroom Units 0

Property Features

Acceptable Financing CashConventionalFHA 203(k) Accessibility Features None Central Air YN No Cooling Fuel Electric Existing Lease Type Yearly Heating Fuel Solar Hot Water Natural Gas Municipality CHELTENHAM TWP Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 3 Number Of Units Vacant 1 Original MLSNumber 804229606926 Ownership Interest Fee Simple Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 9847.00 Tax Lot 001 Vacation Rental YN No Water Source Public Zoning RESIDENTIAL

Listing courtesy of EXP Realty, LLC: .


©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Peak Asset Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-08-08T20:53:06.147.
 
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