8,100 SqFt
8,100 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 8,100 sqft
Price per Sqft $154
Subdivision Elliger Park
MLS Listing ID PAMC2132792
Style Colonial,Converted Dwelling
Abv Grd Liv Area 8,100
Originating Board BRIGHT
Year Built 1850
Available Date 2025-04-01
Annual Tax Amount $18,898
Tax Year 2025
Lot Size 0.979 Acres
Acres 0.98
Lot Dimensions 56.00 x 0.00
Property Sub-Type Detached
Property Description
A rare opportunity awaits in the heart of Elkins Park, where history meets modern-day convenience. This stunning six-unit multi-family property, dating back to 1850, is a testament to timeless craftsmanship and mindful investing. Generating $110,000 per year in rental income, this well-maintained property offers high tenant retention, spacious units, and a prime location just two blocks from the Elkins Park train station—an ideal setup for long-term financial success.
Elkins Park is one of the most desirable suburbs of Philadelphia, known for its tree-lined streets, vibrant community, and historic architecture. Tenants love the walkability of the neighborhood, with charming cafés, local shops, and top-rated restaurants all within a short distance. Meyers Elementary School, Wall Park, and Curtis Arboretum offer green space and recreation, while the train station provides a quick 20-minute ride to Center City Philadelphia, making it ideal for commuters.
Property Features:
1) Six Oversized Units – Spacious layouts, some units nearly 2,000 sq. ft.
2) Consistent Rental Income – Generates $110K annually, with long-term tenants who renew leases
3) Historic Charm & Modern Updates – Hardwood flooring, large windows, and well-maintained interiors
4) Outdoor Amenities – Tenant gardens, a firepit area, and extra storage lockers
5) Convenience – Off-street parking and on-site laundry facilities
6) Commuter's Dream – Less than 2 blocks from Elkins Park train station with easy access to Philadelphia
7) Strong Community Appeal – Walkable neighborhood with grocery stores, restaurants, and parks nearby
A Sound Investment in a Thriving Location
Elkins Park continues to grow in demand due to its historic charm, accessibility, and quality of life. This property has rewarded past owners with consistent returns, and with strong rental demand and high lease renewal rates, it is positioned as an excellent long-term investment.
Don't miss out on this exceptional income-producing property in one of Montgomery County's most sought-after neighborhoods! Contact us today for more details or to schedule a private showing.
Location
State PA
County Montgomery
Area Cheltenham Twp (10631)
Zoning MIXED-USE APARTMENT
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Flooring Wood
Inclusions Coin-op Washer/Dryer, all appliances provided to tenants in the units - All in as-is condition with no monetary value
Fireplace N
Heat Source Natural Gas
Exterior
Parking Features Other
Garage Spaces 13.0
Water Access N
Accessibility None
Total Parking Spaces 13
Garage Y
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Colonial, Converted Dwelling
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Myers
Middle Schools Elkins Park School
School District Cheltenham
Others
Tax ID 31-00-13666-505
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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