Triplex With Oversized
7301 Chestnut Avenue Elkins Park, PA 19027
7301 Chestnut Avenue, Elkins Park, PA, 19027
$725,000
For Sale
$725,000
Well-maintained triplex on an oversized lot with multiple garages, fenced yard, and solar panels.
Property Size4,355 SF
Price / SF$166.48
Days on Market321
Property Features for 7301 Chestnut Avenue
General Information
- Standard status
- Active
- Size
- 4,355 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1873
Listing agency
KW Philly
(267) 838-8537
Listed by
Jason Drew Driscoll · License #RS360272
(267) 838-8537
Source
Compass
Added: Sep 6, 2025 Updated: Jul 23 at 3:36AM Checked: Jul 23 at 3:36AM
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 KW Philly
Investment Insights
Based on property information with market context.
This well-maintained triplex offers three separate units with individual kitchens and full baths, arranged across three levels of living space. The first-floor unit includes three bedrooms, two full baths, and a spacious kitchen that opens to the rear yard. The second-floor unit features three bedrooms, one full bath, in-unit laundry, and additional living space. The third-floor unit offers one bedroom and one bath with natural light throughout. A basement with shared laundry facilities and additional storage supports the home’s overall functionality.
The property sits on an oversized lot and includes a large driveway, a two-car garage, and a second detached garage with space for one car or additional storage. Outdoor space includes a fenced front yard with a covered porch and garden, along with a semi-private backyard with a patio and mature landscaping.
Located in Cheltenham Township (MLS Area 10631) within the Cheltenham School District, the home is positioned between Center City and the suburbs, with access to restaurants, cafés, and regional rail nearby.
The property sits on an oversized lot and includes a large driveway, a two-car garage, and a second detached garage with space for one car or additional storage. Outdoor space includes a fenced front yard with a covered porch and garden, along with a semi-private backyard with a patio and mature landscaping.
Located in Cheltenham Township (MLS Area 10631) within the Cheltenham School District, the home is positioned between Center City and the suburbs, with access to restaurants, cafés, and regional rail nearby.
Key Highlights
- Well‑maintained triplex built in 1873 with three levels and three separate units
- Each unit includes its own kitchen and full bath
- Second‑floor unit offers more than 1,200 SF with 3 bedrooms and a full bath plus in‑unit laundry
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 | $96.7k | $22.20 |
| − Vacancy | −$6.3k | −$1.44 |
| EGI | $90.4k | $20.76 |
| − OpEx | −$27.1k | −$6.23 |
| NOI | $63.3k | $14.53 |
4,355 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$904.0K
$791.0K – $1.05M
NOI $63,278 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$840.5K
$735.5K – $980.6K
NOI $58,837 @ 7.0% cap · market cap 8.12%
Theoretical Best
Specialty Retail
$2.51M
$2.19M – $2.92M
NOI $175,353 @ 7.0% cap · market cap 24.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Well-maintained triplex on an oversized lot with multiple garages, fenced yard, and solar panels.
Where is this triplex located?
The property is located at 7301 Chestnut Avenue Elkins Park, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Well‑maintained triplex built in 1873 with three levels and three separate units; Each unit includes its own kitchen and full bath; Second‑floor unit offers more than 1,200 SF with 3 bedrooms and a full bath plus in‑unit laundry
