Stone Two-Unit
For Sale
$355,000
7208 CHESTNUT Avenue, Elkins Park, PA 19027
Multi-Family, ELKINS PARK, PA
Property Size1,808 SF
Lot Size0.08 Acres
Price / SF$196.35
Days on Market137
Property Features for 7208 CHESTNUT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
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: Aug 28
Last Checked: Sep 13 at 8:06PM
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 two-unit residential property contains 1,808 square feet and was built in 1900 with stone construction. Each unit includes a living room, kitchen, full three-piece bathroom, and two bedrooms. The building also has a full unfinished basement and radiant heating.
Located at 7208 Chestnut Avenue in Elkins Park, the property is near local shopping, public transit, and major roadways. On-street parking serves the property, and the 0.0832-acre lot is situated in Montgomery County, Pennsylvania.
Located at 7208 Chestnut Avenue in Elkins Park, the property is near local shopping, public transit, and major roadways. On-street parking serves the property, and the 0.0832-acre lot is situated in Montgomery County, Pennsylvania.
Key Highlights
- Two‑unit duplex with 1,808 square feet
- Each unit includes two bedrooms, a living room, kitchen, and full three‑piece bath
- Full unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,270
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.40%
Second Best
Apartment 5plus
$349.0K
$305.3K – $407.1K
NOI $24,427 @ 7.0% cap · market cap 6.88%
Theoretical Best
Specialty Retail
$1.04M
$910.0K – $1.21M
NOI $72,799 @ 7.0% cap · market cap 20.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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 - Two residential units feature matching layouts with living rooms, kitchens, full baths, and two bedrooms.
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 $355,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,808 square feet; Each unit includes two bedrooms, a living room, kitchen, and full three‑piece bath; Full unfinished basement
