7301 Chestnut Ave, Elkins Park, PA 19027

Property Description

Fully Occupied Triplex in Melrose Park! This grand triplex sits on .27 acres with solar panels, a large driveway, a two-car garage, and a second detached garage, ideal for additional parking or storage, offering both stability and upside for owner-occupiers or investors. Unit 1 is tenant occupied, receiving $2500/month, Unit 2 is tenant occupied receiving $2000/month, Unit 3 is tenant occupied receiving $1500/month, and one of the garage spaces rented for $500/month. Great to add value or continue renting out! A ton of potential with this property, whether you're looking to owner occupy or use as strictly investment. Each of the three units has its own kitchen, full baths, and unique character across three levels of living space. The first-floor unit features three bedrooms, two full baths, and a spacious kitchen that opens to the rear yard. Upstairs, the second-floor unit offers another three bedrooms and a full bath across more than 1,200 square feet, complete with in-unit laundry. The third-floor unit includes one bedroom and one bath with natural light throughout. The property’s outdoor areas are a standout: a fenced front yard with a covered porch and garden, plus a semi-private backyard with a patio and mature landscaping, perfect for quiet mornings or casual get-togethers. The basement includes shared laundry facilities and additional storage. Positioned between Center City and the suburbs, this location combines convenience with a relaxed residential feel, minutes from restaurants, cafés, and regional rail. A well-maintained, income-producing triplex ready for its next chapter. Schedule your showing and see why this property stands out.

Property Features

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