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.
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
7301 CHESTNUT AVE Monthly Cost
7301 CHESTNUT AVE Market Data
Based on the last 30 days in this zip code
7301 CHESTNUT AVE History
| Date | Value | Agent |
|---|---|---|
| 4/20/2026Source: BRIGHT MLS | $680,000 -2.7% |
|
| 2/24/2026Source: BRIGHT MLS | $699,000 -3.6% |
|
| 12/4/2025Source: BRIGHT MLS | $725,000 -3.3% |
|
| 10/9/2025Source: BRIGHT MLS | October 09, 2025 |
Contact Information: [email protected] - 8883977352

