Well-Maintained Detached
7768 MONTGOMERY Avenue Elkins Park, PA 19027
For Sale
$329,000
MULTI_FAMILY - Craftsman - ELKINS PARK, PA
Property Size1,837 SF
Lot Size0.04 Acres
Price / SF$179.10
Days on Market19
Property Features for 7768 MONTGOMERY Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking
- 2
- Parking features
- On Street, Driveway
- Standard status
- Active
- Size
- 1,837 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5499
Utilities
- Heating system
- Other (Heating), Hot Water(Heating), Baseboard
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Asbestos
- Architectural style
- Craftsman
Listing Agency:
RE/MAX Centre Realtors
(215) 343-8200
Listed By:
Robert Wipplinger · License #RS298064
(215) 669-5555
Added: Jul 7
Changed: Jul 23
Last Checked: Jul 25 at 1:06PM
MLS# PAMC2186904
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.
Detached duplex at 7768 Montgomery Avenue in Elkins Park, offering two separately laid out residential units. Each unit includes a spacious bedroom, a full bathroom, a living room, and a kitchen. The first-floor unit also features a separate dining room and convenient access to the backyard and storage shed. The second-floor unit includes an updated kitchen with modern cabinetry and laminate flooring, plus an in-unit washer and dryer, along with a bonus room off the bedroom for additional flexible space.
The property includes a full basement for storage, and it is noted to house a newly installed heater (2024) and separate spaces. A driveway provides off-street parking, supporting day-to-day convenience.
Recent building improvements are highlighted with a roof reported as new within the last three months and the heating system described as about two years old, adding to the overall move-in readiness.
The property includes a full basement for storage, and it is noted to house a newly installed heater (2024) and separate spaces. A driveway provides off-street parking, supporting day-to-day convenience.
Recent building improvements are highlighted with a roof reported as new within the last three months and the heating system described as about two years old, adding to the overall move-in readiness.
Key Highlights
- Detached duplex in a Craftsman‑style building (built 1900) with asbestos construction materials and window unit cooling.
- New heater installed in 2024 and a roof replacement completed about 3 months ago.
- Both units feature 1 spacious bedroom, a full bathroom, a living room, and a kitchen.
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 8.11%
Second Best
Apartment 5plus
$354.5K
$310.2K – $413.6K
NOI $24,818 @ 7.0% cap · market cap 7.54%
Theoretical Best
Specialty Retail
$1.06M
$924.6K – $1.23M
NOI $73,966 @ 7.0% cap · market cap 22.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Detached duplex with two residential units, a full basement, and a driveway for off-street parking.
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 $329,000.
What are key features of this property?
This property features: Detached duplex in a Craftsman‑style building (built 1900) with asbestos construction materials and window unit cooling.; New heater installed in 2024 and a roof replacement completed about 3 months ago.; Both units feature 1 spacious bedroom, a full bathroom, a living room, and a kitchen.
