7301 CHESTNUT AVE, ELKINS PARK, PA 19027
ELKINS PARK · MONTGOMERY County
Key Facts
Description
Fully 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 tenant occupied receiving $1500/month, 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.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Style
Traditional
Year Built
1873
Living Area
4,355 sq ft
Lot Size
0.27 acres
Lot Dimensions
120.00 x 0.00
Garage Spaces
2
Parking Spaces
2
Zoning
RESIDENTIAL
Days on Market
278
MLS® Listing#
PAMC2158056
Property Features
Appliances
Cooling
Heating
Basement
Pool
Parking
Patio
Construction
Sewer
Water Source
Schools
- District:
- CHELTENHAM
Financial Details
Annual Taxes
$9,847
Tax year 2025
Assessed Value
$145,000
Parcel Number
31-00-06049-004
Directions
Between Chestnut Ave and Oak Ave
Affordability Calculator
$130,000
Estimated monthly payment
$3,460/mo
Principal $520,000 · Est. interest $725,446 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in ELKINS PARK, PA
- $375,000
- Median Listing Price
- 35
- Median Days on Market
- 1,764
- Median Sq Ft
- $205
- Median Price / Sq Ft
- 231
- Active Listings
- This home’s price is 73% above the area median.
- Its price per sq ft is 27% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in ELKINS PARK, PA.
Location
Points of Interest in ELKINS PARK, PA
Showing the ELKINS PARK area map.
Nearby Schools
Myers Elementary School
Elementary · 0.6 mi away
Ellwood School
Elementary · 0.6 mi away
Lovie Lee's Stars of Tomorrow
School · 0.7 mi away
Hope Full Gospel Family Church
School · 0.7 mi away
Jewish Community High School
Secondary · 0.7 mi away
Albert Career School
School · 0.7 mi away
Cardinal Dougherty High School
Secondary · 0.8 mi away
Aspira Bilingual Cyber Charter School
School · 0.8 mi away
Eugenio Maria de Hostos Charter School
Elementary · 0.8 mi away
Foreman Middle School
School · 0.8 mi away
Perelman Jewish Day School
School · 0.8 mi away
Wyncote Academy
School · 0.8 mi away
St Helena School
School · 0.9 mi away
Cheltenham Elementary School
Elementary · 1.0 mi away
Finletter School
Elementary · 1.0 mi away
Elkins Park School
Secondary · 1.1 mi away
William Rowen Elementary School
Elementary · 1.1 mi away
Fruitage of the Belly
School · 1.1 mi away
Wagner Middle School
School · 1.2 mi away
James R Lowell School
Elementary · 1.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2518 Bethel Church Rd, Bethel Park, PA | $459,000 | 6 | 3 | 3,338 |
| 1135 N Saint Clair, Highland Park, PA | $499,000 | 6 | 3 | 2,548 |
| 731 Mellon St, Highland Park, PA | $568,000 | 6 | 3 | 2,696 |
| 1443 Stoltz Rd, Bethel Park, PA | $680,000 | 6 | 4 | 5,002 |
| 1006 Farragut St, Highland Park, PA | $699,900 | 7 | 2 | 2,688 |
| 1 LATHAM PARK, ELKINS PARK, PA | $829,900 | 6 | 6 | 4,335 |
Moving Cost Estimate
EXIT Agents in ELKINS PARK
Listing Courtesy: EXP Realty, LLC - 8883977352