7868 Spring Ave, Elkins Park, PA 19027
Local realty services provided by:CENTURY 21 A Better Way
7868 Spring Ave,Elkins Park, PA 19027
$425,000
- 6 Beds
- - Baths
- 3,657 sq. ft.
- Multi-family
- Active
Listed by: joseph m. loonstyn jr.
Office: loonstyn brothers realty llc.
MLS#:PAMC2199500
Source:BRIGHTMLS
Price summary
- Price:$425,000
- Price per sq. ft.:$116.22
About this home
Excellent investment opportunity in the heart of Elkins Park! This spacious three-story Colonial offers three residential units, a detached two-car garage, and significant potential for additional rental income. Currently configured as a triplex, the property features a generously sized first-floor apartment that may offer the opportunity for conversion into two separate one-bedroom units, creating a potential four-unit investment property, subject to township approvals. With existing rents below market levels, this property presents an attractive opportunity for investors looking to increase income or owner-occupants seeking to offset their living expenses.
Each of the three apartments offers two bedrooms and its own distinct layout. The expansive first-floor residence features a bright living room with a bay window, original hardwood flooring, beautiful wood trim, pocket doors, and a spacious dining room. The kitchen includes white cabinetry, neutral countertops, and a comfortable dining area. This unit also offers a full bathroom and in-unit laundry. The second-floor apartment includes a large living area, two bedrooms, a full bathroom, and an oversized eat-in kitchen with hardwood floors, white cabinetry, a dedicated laundry room, and pantry storage. The third-floor apartment provides two bedrooms, a living room, kitchen, full bathroom, and an additional room suitable for a home office.
Current monthly rents are $1,100 for the first floor, $1,150 for the second floor, and $900 for the third floor, representing $3,150 in potential monthly residential rental income based on the stated rents. The first-floor unit is currently owner-occupied, with the owner willing to remain on a month-to-month basis while searching for a new home. Additional income potential exists through the detached two-car garage. Separate electric service, original architectural details, refinished hardwood floors in select areas, fresh interior paint, and a history of consistent rental income further enhance the property's appeal. Notable improvements include heating equipment installed in 2005 and roof work completed in 2014 and 2017.
Location is another major advantage, with the property situated directly across from Elkins Park Station, providing convenient rail access to Center City Philadelphia, surrounding suburbs, and connections to Philadelphia International Airport. The surrounding neighborhood offers tree-lined streets, nearby restaurants, shopping, and everyday conveniences, with Trader Joe's and Whole Foods approximately five minutes away. Residents also enjoy access to Cheltenham Township's parks, walking trails, libraries, recreational facilities, dog parks, and community attractions, including summer concerts at Curtis Park.
Whether you're seeking an income-producing multifamily investment with value-add potential or a spacious owner-occupied property with supplemental rental income, this Elkins Park triplex offers flexibility, character, and an exceptionally convenient location....
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Home facts
- Year built:1870
- Listing ID #:PAMC2199500
- Added:1 day(s) ago
- Updated:November 04, 2026 at 03:50 PM
Rooms and interior
- Bedrooms:6
- Flooring:Carpet, Ceramic Tile, Hardwood
- Basement:Yes
- Basement Description:Partial
- Living area:3,657 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Natural Gas, Radiator
Structure and exterior
- Roof:Asphalt
- Year built:1870
- Building area:3,657 sq. ft.
- Lot area:0.18 Acres
- Lot Features:Front Yard, Landscaping, Not In Development
- Architectural Style:Colonial
- Construction Materials:Stone
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$425,000
- Price per sq. ft.:$116.22
- Tax amount:$9,552 (2026)
Features and amenities
- Amenities:Cable TV, Electric Available, Natural Gas Available, Phone
Parking
- Parking description:Detached Garage, Garage - Front Entry, Garage Door Opener, On Street, Paved Driveway
- Garage:Yes
- Garage spaces:2
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