7301 CHESTNUT AVEELKINS PARK, PA 19027

Multi-Family · 4,355 Sq. ft. | 0.27 Acres
$680,000 ACTIVE

7301 CHESTNUT AVE Overview

Time on Site:
264 days
Visits:
10

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.

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7301 CHESTNUT AVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,355
  • Price/Sq.ft. $156
  • Lot 0.27 Acres

Details

General

Income/Expenses

  • Existing Lease Type: Yearly

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 4355
  • Year Built: 1873

Location/Region

  • Country: US
  • County: MONTGOMERY
  • County Or Parish: MONTGOMERY
  • MLS Area Major: Cheltenham Twp (10631)
  • Subdivision Name: ELKINS PARK

Parking Information

  • Total Parking Spaces: 2
  • Type of Parking: Detached Garage,Driveway

Tax Information

  • City/Town Tax: 1443.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax: 761.00
  • County Tax Payment Frequency: Annually
  • School Tax: 7709.00
  • Tax Annual Amount: $9,847.00
  • Tax Assessed Value: 145000.00
  • Tax Year: 2025

General Information

  • Inclusions: Washer, Dryer, Refrigerator, Stove, Dishwasher and Microwave - All In As-Is Condition And At No Monetary Value
  • Property Sub Type: Triplex
  • Property Type: Multi-Family
  • Rent Control: No
  • School District Name: CHELTENHAM
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: RESIDENTIAL

Unit Information

  • Other Units: Unit 1,Unit 1,Unit 1,Unit 1

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Solar

Parking Information

  • Garage Features: Garage - Rear Entry,Inside Access,Covered Parking
  • Garage Spaces: 2.00
  • Garage: Yes

Building Exterior/Construction

  • Structure Type: Other

Building Interior

  • Above Grade Finished Area: 4355
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Central Air: No
  • Hot Water: Natural Gas

General Information

  • Accessibility Features: None
  • Cooling: Window Unit(s)
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Living Area: 4355
  • Living Area Source: Assessor

Unit Information

  • One Bedroom Units Count: 1
  • Single Room Units Count: 1
  • Three Bedroom Units Count: 2
  • Two Bedroom Units Count: 0

Exterior

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.27
  • Lot Size Dimensions: 120.00 x 0.00
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 11900.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Traditional
  • Construction Materials: Stone
  • Patio And Porch Features: Patio(s), Porch(es)

General Information

  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Of Units Vacant: 2
  • Other Structures: Above Grade,Below Grade
  • Sewer: Public Sewer
  • Water Access: No

Unit Information

Unit 3 Details

  • Unit Type: Unit 1
  • Total Rent: 1500.00
  • Beds Total: 1
  • Description: Unit 3, 3rd Floor.

Unit 2 Details

  • Unit Type: Unit 1
  • Total Rent: 2000.00
  • Beds Total: 3
  • Description: Unit 2, 2nd Floor.

Unit 1 Details

  • Unit Type: Unit 1
  • Total Rent: 2500.00
  • Beds Total: 3
  • Description: Unit 1, Floor 1 and Basement.

Unit 4 Details

  • Unit Type: Unit 1
  • Total Rent: 500.00
  • Beds Total: 0
  • Description: Garage

7301 CHESTNUT AVE Neighborhood

Community

19027 (ELKINS PARK) Demographics

40
Median Age
4,859
Population Density (per sq. mile)
63%
College Educated
$82,494
Estimated Median Income
4,816
Estimated Total Home Owners
3,225
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7301 CHESTNUT AVE Market Data

Based on the last 30 days in this zip code

$450,446
Average List Price
$198
Average Price per Square Foot
25
Properties Sold
49
Average Days on Market
58
Properties for Sale
Calculations provided by Reliance Network

7301 CHESTNUT AVE History

Date Event Value Agent
4/20/2026Source: BRIGHT MLS Price Reduction
$680,000 -2.7%
2/24/2026Source: BRIGHT MLS Price Reduction
$699,000 -3.6%
12/4/2025Source: BRIGHT MLS Price Reduction
$725,000 -3.3%
10/9/2025Source: BRIGHT MLS Added to Database
October 09, 2025
Listing provided courtesy of EXP Realty, LLC- MLS# PAMC2158056MLS ProviderContact Information: [email protected] - 8883977352