Twin Duplex with Unfinished
For Sale
$365,000
7208 CHESTNUT Avenue, Elkins Park, PA 19027
MULTI_FAMILY - Other - ELKINS PARK, PA
Property Size1,808 SF
Lot Size0.08 Acres
Price / SF$201.88
Days on Market92
Property Features for 7208 CHESTNUT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Elementary school district
CHELTENHAM
Middle school district
CHELTENHAM
High school district
CHELTENHAM
Special listing conditions
In Foreclosure
Standard status
Active
Size
1,808 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
7919
Utilities
Heating system
Radiant
Building Details
Year built
1900
Number of units
2
Building materials
Stone
Architectural style
Other
Listing Agency:
Elfant Wissahickon-Mt Airy
(215) 247-3600
Listed By:
Mary Jo Potts · License #RS178972L
(215) 242-4050
Added: Apr 30
Changed: Jul 9
Last Checked: Jul 30 at 6:06PM
MLS# PAMC2177758
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This twin 2+2 duplex offers two separate residential units, each featuring a spacious living room, kitchen, full 3-piece bath, and two bedrooms. The property also includes a full unfinished basement, which can provide practical storage and may offer room for additional uses depending on how you plan to develop the space.
Located in the Elkins Park section of Montgomery County, the property is set up for convenient day-to-day living with on-street parking available. It is described as being close to local shopping, public transit, and major roadways, supporting easy commuting to surrounding areas.
The layout and configuration make this duplex well suited for investors seeking a straightforward rental setup, as well as owner-occupants looking to live in one unit while renting the other. With each unit already organized around common living areas and bedrooms, and with basement space available for storage or future improvements, the property offers a practical foundation for long-term occupancy or ownership.
Located in the Elkins Park section of Montgomery County, the property is set up for convenient day-to-day living with on-street parking available. It is described as being close to local shopping, public transit, and major roadways, supporting easy commuting to surrounding areas.
The layout and configuration make this duplex well suited for investors seeking a straightforward rental setup, as well as owner-occupants looking to live in one unit while renting the other. With each unit already organized around common living areas and bedrooms, and with basement space available for storage or future improvements, the property offers a practical foundation for long-term occupancy or ownership.
Key Highlights
- Twin Duplex in Desirable Elkins Park: Great for rental income or owner‑occupancy.
- Two Separate Units: Each featuring 2 bedrooms, living room, kitchen, and full bath.
- Convenient Location: Close to shopping, public transit, and major roadways.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.1k | $22.20 |
| − Vacancy | −$2.6k | −$1.44 |
| EGI | $37.5k | $20.76 |
| − OpEx | −$11.3k | −$6.23 |
| NOI | $26.3k | $14.53 |
1,808 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$375.3K
$328.4K – $437.8K
NOI $26,270 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$349.0K
$305.3K – $407.1K
NOI $24,427 @ 7.0% cap · market cap 6.69%
Theoretical Best
Specialty Retail
$1.04M
$910.0K – $1.21M
NOI $72,799 @ 7.0% cap · market cap 19.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom duplex units with full unfinished basements and on-street parking in Elkins Park.
Where is this duplex located?
The property is located at 7208 CHESTNUT Avenue Elkins Park, PA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Twin Duplex in Desirable Elkins Park: Great for rental income or owner‑occupancy.; Two Separate Units: Each featuring 2 bedrooms, living room, kitchen, and full bath.; Convenient Location: Close to shopping, public transit, and major roadways.
