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7801 Montgomery Avenue

ELKINS PARK, PA 19027

– beds
– baths
5,664 sqft
9,756 sqft lot
$114 per sqft
1870 build

Mixed-use space at a 6.1% cap rate with an expansive commercial unit on the 1st floor and two fully-occupied apartments on the 2nd floor. The commercial space was once home to a renowned hair salon but is now ready for its new owners and endless possibilities. With the building located steps away from the Elkins Park train station and the abundance of street parking, your business will allow customers and employees to come and go with ease. The first floor is currently one large open floor plan with a single wall to create a separation, 4 smaller rooms, a utility area, laundry room, and 2.5 bathrooms. Floor plans are available. You can also access the basement from 2 different points. And with its 9’8ft ceilings and three magnificent floor to ceiling windows, this is anything but an average commercial space. The zoning on this property allows for it to be used as a Bank or Financial Institution, Bed and Breakfast, Personal Care Business, Professional Service Business, Restaurant, Retail Shop, Studios for Dance, Art, Music, Photography, Yoga, or similar, Medical Office. For convenience there is a separate entrance to the apartments on the 2nd floor. Upstairs is a 1 bedroom 1 bathroom apartment ($950/mo) and a 3 bedroom 1 bathroom apartment ($2,000/mo). Tenants pay for gas/electric. Owner pays water. And both tenants are currently on a month to month lease but would like to stay and are happy to sign a one-year lease with the new owners. Both apartments are equipped with new forced air heating (gas) and cooling (2023). The 3 Bedroom unit was renovated in 2023 with new flooring, new kitchen, and a new back deck. All new HVAC ductwork in the commercial space (2024). Roof was re-done in 2022. There are 4 parking spots in the rear of the building. The commercial unit has 2 parking spots and each apartment comes with 1 parking spot.

Listing courtesy of BRIGHT / Compass Pennsylvania, LLC

Last checked: Checking… • Last updated Apr 12, 2024 •

MLS# PAMC2100180 —

The Building

Year Built:

1870
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Masonry
Structure Type:

Detached
Architectural Style:

Other
Building Units Total:

2
Accessibility Features:

None
Foundation Details:

Block
Total SqFt Source:

Estimated
Total Below Grade SqFt Source:

Assessor

Interior

Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

5664
Living Area SqFt:

5,664 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Immediate

Location

Directions:

use gps
Latitude:

40.06855000
Longitude:

-75.12605000

The Property

Property Type:

Multi-Family
Property Sub Type:

Triplex
Lot Size Units:

Square Feet
Lot Size Acres:

0.22
Lot Size Source:

Assessor
Lot Size Dimensions:

53.00 x 0.00
Lot Dimensions Source:

Assessor
Lot SqFt:

9,756 Sqft
Inclusions:

Appliances
Zoning:

COMMERCIAL MIXED USE
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

1160
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

31-00-19207-004
Tax Year:

2022
Tax Lot:

59
Tax Annual Amount:

$11,913
Tax Assessed Value:

$179,870
Year Assessed:

2023
School Tax:

9360.0
County Tax:

762.00
City/Town Tax:

1721.00
Total Taxes Pymnt Freq:

Annually

The Listing

Buyer's Brokerage Compensation:

2.5%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Forced Air
Heating Fuel:

Natural Gas

Utilities

Sewer Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

Cheltenham
School District Source:

Listing Agent

The Community

Pool:

No Pool

Parking

Total Garage and Parking Spaces:

4
Garage:

No
Type of Parking:

Parking Lot
Parking Lot - # of Spaces:

4

Extra Units

Vacation Rental:

No
One Bedroom Units:

1
Three Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/5/24 Apr 5, 2024	Listed / Active	BRIGHT	$650,000

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This multifamily located in Elkins Park, PA 19027 is currently for sale for $650,000. 7801 Montgomery Avenue is a 5,664 square foot multifamily with – beds and – baths. 7801 Montgomery Avenue is in the Elkins Park neighborhood of ELKINS PARK and has a WalkScore® of 60, making it somewhat walkable. This multifamily is in the attendance area of Myers Elementary School, Elkins Park School, Cedarbrook Middle School, and Cheltenham High School.

Listing Courtesy of: BRIGHT and Compass Pennsylvania, LLC.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.