Craftsman Detached Duplex With Bonus
New
For Sale
$314,000
7768 MONTGOMERY Avenue, Elkins Park, PA 19027
MULTI_FAMILY - Craftsman - ELKINS PARK, PA
Property Size1,837 SF
Lot Size0.04 Acres
Price / SF$170.93
Days on Market2
Property Features for 7768 MONTGOMERY Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Driveway, On Street
Elementary school district
CHELTENHAM
Middle school district
CHELTENHAM
High school district
CHELTENHAM
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 · RE/MAX International
(215) 343-8200
Listed By:
Robert Wipplinger · License #RS298064
(215) 669-5555
Added: Jul 31
Last Checked: Aug 1 at 11:06AM
MLS# PAMC2189624
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.
Craftsman-style detached duplex built in 1900 set on a 0.0413-acre lot with 1,837 SF total building area. Each unit features a spacious bedroom, a full bathroom, a comfortable living room, and a kitchen. The first-floor unit includes a separate dining room and convenient access to the backyard and a storage shed. The second-floor unit has an updated kitchen with modern cabinetry, laminate flooring, and in-unit washer and dryer, plus a bonus room off the bedroom for flexible use.
Mechanical and exterior updates include a heating system described as 2 years old, with a new heater added in 2024, and a roof that was replaced 3 months ago. The full basement provides storage and includes separate spaces. Cooling is provided by window unit(s), and heating includes hot water, baseboard, and other heating sources. Parking is available via a driveway for off-street parking, as well as on-street parking.
The property is located minutes from the Elkins Park Regional Rail station, with nearby access to Arcadia University and La Salle University, shopping, restaurants, parks, and everyday conveniences.
Mechanical and exterior updates include a heating system described as 2 years old, with a new heater added in 2024, and a roof that was replaced 3 months ago. The full basement provides storage and includes separate spaces. Cooling is provided by window unit(s), and heating includes hot water, baseboard, and other heating sources. Parking is available via a driveway for off-street parking, as well as on-street parking.
The property is located minutes from the Elkins Park Regional Rail station, with nearby access to Arcadia University and La Salle University, shopping, restaurants, parks, and everyday conveniences.
Key Highlights
- 1,837 SF craftsman detached duplex built in 1900 on a 0.0413‑acre lot
- Each unit offers a bedroom, full bathroom, living room, and kitchen
- Second‑floor unit includes updated kitchen plus in‑unit washer and dryer
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
Property Profile
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
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Frequently Asked Questions
What type of property is this?
Duplex - Craftsman detached duplex with off-street parking and an in-unit washer and dryer on the upper level.
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: 1,837 SF craftsman detached duplex built in 1900 on a 0.0413‑acre lot; Each unit offers a bedroom, full bathroom, living room, and kitchen; Second‑floor unit includes updated kitchen plus in‑unit washer and dryer
