7208 CHESTNUT Avenue, Elkins Park, PA 19027
MULTI_FAMILY - Other - ELKINS PARK, PA
- Added:
- Apr 30, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 15 at 12:06 pm
Property Features for 7208 CHESTNUT Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- 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 agent Mary Jo Potts License #RS178972L (215) 242-4050
Listing office Elfant Wissahickon-Mt Airy 8039 Germantown Avenue, Philadelphia, PA (215) 247-3600
Listing date Apr 30, 2026
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.
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.
- Full Unfinished Basement: Provides ample storage space.
- On‑Street Parking: Offers convenient parking.
- Stone Construction: Durable and aesthetically appealing exterior.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elkins Park
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.12849
- Latitude
- 40.05733
