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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.
| DAYS ON MARKET | 2 | LAST UPDATED | 9/4/2025 |
|---|---|---|---|
| YEAR BUILT | 1920 | COMMUNITY | Cheltenham Twp (10631) |
| COUNTY | MONTGOMERY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | CHELTENHAM |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | Cheltenham Twp (10631) |
| BASEMENT | Yes |
| CONSTRUCTION | Block, Brick, Cement Siding, Concrete |
| HEAT | Natural Gas, None |
| LOT | 0.5 acre(s) |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 23603 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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