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3-Unit Triplex with Detached Garage
New
For Sale
$425,000

7868 SPRING AVENUE, Elkins Park, PA 19027

Three two-bedroom apartments offer distinct layouts, separate electric service, and access to nearby rail transit.

Property Size3,657 SF
Days on Market3

Property Features for 7868 SPRING AVENUE

General Information

Standard status Active
Size 3,657 SF
Total Parking Spaces 2
Property subtype Triplex

Units

Unit Mix 3 x 2BR
Multifamily Units 3
Individually Metered Utilities electricity

Additional Details

Public Transit Yes
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $9,552

Building Details

Building Size 3,657 SF
Year Built 1870
Stories 3
Construction Colonial
Listing Agency: Loonstyn Brothers Realty LLC
Listed By: Joseph M. Loonstyn Jr. · License #RM426384
Source: Lizclarkrealestate
Added: Nov 3 Changed: Nov 4 Last Checked: Nov 4 at 3:15PM

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 Loonstyn Brothers Realty LLC

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Investment Insights

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Built in 1870, this three-story triplex contains three apartments, each with two bedrooms and a distinct floor plan. The first-floor residence includes a living room, dining room, kitchen, full bath, and in-unit laundry. The second-floor unit has an eat-in kitchen, pantry, and dedicated laundry room; the third-floor apartment includes a separate room suited to office use. A detached two-car garage serves the property, and electric service is separate. Select hardwood floors have been refinished, and the interior has been freshly painted.

Elkins Park Station is directly across from the property, with rail service connecting to Center City Philadelphia and surrounding suburbs. Trader Joe’s and Whole Foods are approximately five minutes away. Nearby community amenities include parks, trails, libraries, recreational facilities, and dog parks.

The first-floor unit may be reconfigured into two one-bedroom apartments, subject to township approvals. Heating equipment was installed in 2005, and roof work was completed in 2014 and 2017.

Key Highlights

  • Three apartments, each with two bedrooms
  • Detached two‑car garage
  • Three‑story building constructed in 1870

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

833
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three two-bedroom apartments offer distinct layouts, separate electric service, and access to nearby rail transit.
Where is this triplex located?
The property is located at 7868 SPRING AVENUE Elkins Park, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three apartments, each with two bedrooms; Detached two‑car garage; Three‑story building constructed in 1870
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