Occupied Triplex with Solar
For Sale
$650,000
7301 CHESTNUT AVE, Elkins Park, PA 19027
MULTI_FAMILY - Other - ELKINS PARK, PA
Property Size4,355 SF
Lot Size0.27 Acres
Price / SF$149.25
Days on Market297
Property Features for 7301 CHESTNUT AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
Driveway, Garage - Detached
Fireplace
1
Subdivision
ELKINS PARK
Elementary school district
CHELTENHAM
Middle school district
CHELTENHAM
High school district
CHELTENHAM
Standard status
Active
Size
4,355 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Annual Amount
9847
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1873
Number of units
3
Building materials
Stone
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Jason Drew Driscoll · License #RS360272
(267) 838-8537
Added: Oct 9, 2025
Changed: Jul 13
Last Checked: Aug 1 at 12:06PM
MLS# PAMC2158056
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 fully occupied triplex offers three separate units arranged across multiple levels, with each unit featuring its own kitchen and full bath. Unit 1 is tenant occupied and includes three bedrooms and two full baths, with a spacious kitchen that opens to the rear yard. Unit 2 is tenant occupied with three bedrooms, a full bath, in-unit laundry, and access to more than 1,200 square feet of living space. Unit 3 is tenant occupied with one bedroom and one bath. The basement provides shared laundry facilities and additional storage. Exterior amenities include a fenced front yard with a covered porch and garden, along with a semi-private backyard with a patio and mature landscaping. Solar panels, a large driveway, and both an attached two-car garage plus a second detached garage support flexible parking or storage.
The property is positioned between Center City and the suburbs, with access to restaurants, cafes, and regional rail described as nearby.
Current income includes $2,500/month for Unit 1, $2,000/month for Unit 2, and $1,500/month for Unit 3, along with $500/month from one rented garage space.
The property is positioned between Center City and the suburbs, with access to restaurants, cafes, and regional rail described as nearby.
Current income includes $2,500/month for Unit 1, $2,000/month for Unit 2, and $1,500/month for Unit 3, along with $500/month from one rented garage space.
Key Highlights
- Fully occupied 3‑unit triplex with separate kitchens and full baths across three levels
- Income: Unit 1 $2,500/mo, Unit 2 $2,000/mo, Unit 3 $1,500/mo; one detached garage space rents for $500/mo
- Situated on 0.27 acres with solar panels, fenced front yard with covered porch, and semi‑private backyard with patio and mature landscaping
Financial Insights For Apartment 5plus
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 | $113.9k | $26.16 |
| − Vacancy | −$6.9k | −$1.60 |
| EGI | $107.0k | $24.56 |
| − OpEx | −$48.1k | −$11.05 |
| NOI | $58.8k | $13.51 |
4,355 SF · lease $26.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$904.0K
$791.0K – $1.05M
NOI $63,278 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$840.5K
$735.5K – $980.6K
NOI $58,837 @ 7.0% cap · market cap 9.05%
Theoretical Best
Specialty Retail
$2.51M
$2.19M – $2.92M
NOI $175,353 @ 7.0% cap · market cap 26.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
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?
Triplex - Three fully leased units each with kitchens and full baths, plus solar panels and multiple garages for parking or storage.
Where is this triplex located?
The property is located at 7301 CHESTNUT AVE Elkins Park, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Fully occupied 3‑unit triplex with separate kitchens and full baths across three levels; Income: Unit 1 $2,500/mo, Unit 2 $2,000/mo, Unit 3 $1,500/mo; one detached garage space rents for $500/mo; Situated on 0.27 acres with solar panels, fenced front yard with covered porch, and semi‑private backyard with patio and mature landscaping
