7301 Chestnut Ave - Multi-Family FOR SALE


Melrose Park, PA 19027
$650,000 USD
267-838-8537
7301 Chestnut Ave, Melrose Park, PA for Sale
$650,000 USD
Multi-Family - FOR SALE
1/30
null | 7.38% Cap Rate

7301 Chestnut Ave
Melrose Park, PA 19027


OVERVIEW

Tenant 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 now vacant (great for owner-occupied), 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.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

3

PRICE/UNIT

$216,667

CAP RATE

7.38%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7301 Chestnut Ave, Melrose Park, Pa 19027

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1873

PARKING SPACES

5

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Residential

APN/PARCEL ID

31-00-06049-004

ASK ABOUT THIS PROPERTY

Jason DriscollExp Realty LLCMore Info
267-838-8537

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jason DriscollExp Realty LLCMore Info
267-838-8537

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.