Two-Unit Duplex with
For Sale
$325,000
7208 Chestnut Ave, Elkins Park, PA 19027
Twin duplex with two-bedroom units, unfinished basement space, and access to shopping, transit, and major roadways.
Property Size1,808 SF
Price / SF$179.76
Days on Market217
Property Features for 7208 Chestnut Ave
General Information
Standard status
Active
Size
1,808 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Elfant Wissahickon-Mt Airy
Listed By:
Mary Jo Potts · License #1861716
(215) 242-4050
Source:
Kathywolfgang
Added: Mar 13
Changed: Oct 6
Last Checked: Oct 7 at 2:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elfant Wissahickon-Mt Airy
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,808 square feet and was built in 1900. Each residence features two bedrooms, a living room, a kitchen, and a full three-piece bathroom. The property also includes a full unfinished basement, offering below-grade storage or additional unfinished space. On-street parking is available, and the property is zoned RES.
The duplex is located at 7208 Chestnut Avenue in Elkins Park, within Montgomery County’s Cheltenham Township. Local shopping, public transit, and major roadways are nearby, providing access to everyday services and commuting routes. The property is served by the Cheltenham School District.
The duplex is located at 7208 Chestnut Avenue in Elkins Park, within Montgomery County’s Cheltenham Township. Local shopping, public transit, and major roadways are nearby, providing access to everyday services and commuting routes. The property is served by the Cheltenham School District.
Key Highlights
- Two‑unit duplex with 1,808 square feet
- Each unit includes 2 bedrooms and a full 3‑piece bathroom
- Full unfinished basement provides below‑grade space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,270
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,400
$525.4K
Cap Rate 7%
$375,286
$375.3K
Cap Rate 9%
$291,889
$291.9K
Market Conditions
NOI Build-Up for 1,808 SF
Gross rent
$40.1K $22.20/SF
− Vacancy
−$2.6K −$1.44/SF
EGI
$37.5K $20.76/SF
− OpEx
−$11.3K −$6.23/SF
NOI
$26.3K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,400
Cap Rate 7%
$375,286
Cap Rate 9%
$291,889
Alternative Uses
Best Use
Multifamily LT 5
$375.3K
$328.4K – $437.8K
NOI $26,270 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$349.0K
$305.3K – $407.1K
NOI $24,427 @ 7.0% cap · market cap 7.52%
Theoretical Best
Specialty Retail
$1.04M
$910.0K – $1.21M
NOI $72,799 @ 7.0% cap · market cap 22.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 19027, PA
19,170
Population
8,550
Households
2.2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
4,915
Density / Sq Mi
$105,190
Median Household Income
$52,970
Median Earnings
$1,439
Median Rent
$348,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Twin duplex with two-bedroom units, unfinished basement space, and access to shopping, transit, and major roadways.
Where is this duplex located?
The property is located at 7208 Chestnut Ave Elkins Park, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,808 square feet; Each unit includes 2 bedrooms and a full 3‑piece bathroom; Full unfinished basement provides below‑grade space
