For Sale

Listed by Joseph Loonstyn

Source: Bright MLS #PAMC2199500

7868 Spring Ave, Elkins Park, PA, 19027

$425,000

6
2
3657 sq. ft.
7923 sq. ft.

Duplex

•

What's around 7868 Spring Ave

About this property

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.

Looking for more information on 7868 Spring Ave?

Explore comparables, sales history and growth for this property.
Learn more

Other properties for sale by Loonstyn Brothers Realty LLC

For Sale
$279,000
2929 Harper Street
Philadelphia PA 19130
2
1
Townhouse
Listing courtesy of Loonstyn Brothers Realty LLC
For Sale
$210,000
35 N Edgewood St
Philadelphia PA 19139
3
2
Townhouse
Listing courtesy of Loonstyn Brothers Realty LLC
For Sale
$635,000
B7/633 East Main Street
Moorestown-Lenola NJ 08057
2
3
2
Condo
Listing courtesy of Loonstyn Brothers Realty LLC

Browse properties sold in nearby areas

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Loonstyn Brothers Realty LLC participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent