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Listed by GIL BARZESKI • White Acre Realty
$ 2,550,000
Est. payment | /mo
21,816 SqFt
$ 2,550,000
Est. payment | /mo
21,816 SqFt
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 21,816 sqft
Price per Sqft $116
MLS Listing ID PAMC2153832
Year Built 1920
Annual Tax Amount $23,603
Tax Year 2025
Lot Size 0.501 Acres
Acres 0.5
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Turnkey Investment Opportunity: 7845 Montgomery Ave, Elkins Park, PA
(2 buildings, 12 units total — Main Building: 10 units | Cottage House: 2 units)
This exceptional commercial multifamily property, originally built in 1920, blends historic charm with income-producing potential. Situated in a prime Elkins Park location, it offers 12 total units across two buildings: a 10-unit main structure and a 2-unit cottage.
With solid early-20th century construction and a half-acre parcel, this asset is well-positioned for long-term appreciation and strong rental demand. Investors will appreciate the absence of association fees, translating into stronger profit margins and cash flow.
Highlights
12 Units Total (10 + 2 configuration)
Year Built: 1920 — enduring quality and craftsmanship
Lot Size: ±0.50 acres
Prime Location: Walkable to Elkins Park train station, shops, and High School Park
Value-Add Potential: Modernize interiors and common spaces to maximize NOI
Rare Market Opportunity: No immediate comparable competition nearby
Why Invest Here?
Versatility: Strategic positioning supports a variety of investment models — stable rental income, redevelopment, or portfolio diversification.
Cash Flow + Appreciation: Historic bones with room for modernization, poised to increase value.
Tenant Demand: Proximity to transit and community amenities ensures consistent leasing potential.
Seize this rare chance to acquire a turnkey 12-unit multifamily with a bonus cottage, offering both historic significance and future growth potential in one of Montgomery County's most desirable markets.
(2 buildings, 12 units total — Main Building: 10 units | Cottage House: 2 units)
This exceptional commercial multifamily property, originally built in 1920, blends historic charm with income-producing potential. Situated in a prime Elkins Park location, it offers 12 total units across two buildings: a 10-unit main structure and a 2-unit cottage.
With solid early-20th century construction and a half-acre parcel, this asset is well-positioned for long-term appreciation and strong rental demand. Investors will appreciate the absence of association fees, translating into stronger profit margins and cash flow.
Highlights
12 Units Total (10 + 2 configuration)
Year Built: 1920 — enduring quality and craftsmanship
Lot Size: ±0.50 acres
Prime Location: Walkable to Elkins Park train station, shops, and High School Park
Value-Add Potential: Modernize interiors and common spaces to maximize NOI
Rare Market Opportunity: No immediate comparable competition nearby
Why Invest Here?
Versatility: Strategic positioning supports a variety of investment models — stable rental income, redevelopment, or portfolio diversification.
Cash Flow + Appreciation: Historic bones with room for modernization, poised to increase value.
Tenant Demand: Proximity to transit and community amenities ensures consistent leasing potential.
Seize this rare chance to acquire a turnkey 12-unit multifamily with a bonus cottage, offering both historic significance and future growth potential in one of Montgomery County's most desirable markets.
Location
State PA
County Montgomery
Area Cheltenham Twp (10631)
Zoning MU2
Interior
Hot Water 60+ Gallon Tank
Heating None
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cheltenham
Others
Tax ID 31-00-19240-007
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Rhonda Campbell
REALTOR® | Lic# 0225203339