Detached Duplex with Updated
For Sale
$314,000
7768 MONTGOMERY AVENUE, Elkins Park, PA 19027
Separate living spaces, storage, and off-street parking support flexible occupancy.
Property Size1,837 SF
Days on Market29
Property Features for 7768 MONTGOMERY AVENUE
General Information
Standard status
Active
Size
1,837 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,499
Building Details
Building Size
1,837 SF
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Centre Realtors
(215) 669-5555
Listed By:
Robert Wipplinger · License #RS298064
(215) 669-5555
Source:
Lizclarkrealestate
Added: Jul 7
Changed: Aug 2
Last Checked: Aug 4 at 8:46AM
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 RE/MAX Centre Realtors
Investment Insights
Based on property information with market context.
This detached duplex, built in 1900, contains two residential units with a bedroom, full bathroom, living room, and kitchen in each. The first-floor residence adds a dining room, backyard access, and a storage shed. Upstairs, the updated kitchen includes modern cabinetry, laminate flooring, and an in-unit washer and dryer, while a bonus room provides additional flexible space. A full basement offers storage and houses the new heater installed in 2024.
The property includes a driveway for off-street parking and is located minutes from the Elkins Park Regional Rail station. Arcadia University, La Salle University, shopping, restaurants, parks, and everyday services are also nearby.
The property includes a driveway for off-street parking and is located minutes from the Elkins Park Regional Rail station. Arcadia University, La Salle University, shopping, restaurants, parks, and everyday services are also nearby.
Key Highlights
- Detached duplex with two residential units
- New heater installed in 2024
- Roof replaced 3 months ago
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 | $40.8k | $22.20 |
| − Vacancy | −$2.7k | −$1.44 |
| EGI | $38.1k | $20.76 |
| − OpEx | −$11.4k | −$6.23 |
| NOI | $26.7k | $14.53 |
1,837 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.3K
$333.6K – $444.9K
NOI $26,691 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$354.5K
$310.2K – $413.6K
NOI $24,818 @ 7.0% cap · market cap 7.90%
Theoretical Best
Specialty Retail
$1.06M
$924.6K – $1.23M
NOI $73,966 @ 7.0% cap · market cap 23.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
737
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate living spaces, storage, and off-street parking support flexible occupancy.
Where is this duplex located?
The property is located at 7768 MONTGOMERY AVENUE Elkins Park, PA.
What is the asking price?
The asking price for this property is $314,000.
What are key features of this property?
This property features: Detached duplex with two residential units; New heater installed in 2024; Roof replaced 3 months ago
