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4,355 sqft

$650,000

7301 CHESTNUT AVE, ELKINS PARK PA, 19027

Price per sqft$149.25
Built in1873
Property size4,355 sqft
Property typeMulti-family

Overview

Active

Active-bright

Listed Oct 9, 2025

Updated 6 days ago

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.

$4,324/mo

Est. mortgage payment based on a $650,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PAMC2158056

Interior Features

Fireplace
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.27 Acres

Other Property Details

Taxes
$9,847
Tax Frequency
Annually
Garage
Yes
MLS provider logo

Listed by EXP Realty, LLC
Listing Contact: 2678388537 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/2/2026 at 12:04 AM UTC

 

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