Property

Elkins Park, PA 19027 7323 School Lane

7323 School Lane Elkins Park, PA - Image 17323 School Lane Elkins Park, PA - Image 27323 School Lane Elkins Park, PA - Image 3
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Presented By: Bally Gwynedd Realty
  • MLS# PAMC2160232
  • 10/30/2025
  • Request Tour
  • Request Info
  • Beds • 7
  • Garage • 2

Home Details

Colonial turnkey duplex in Elkins Park, fully leased. The first-floor apartment has 2 bedrooms and 1 bath, renting for $1,200, while the second-floor unit offers 3 bedrooms and 1 bath for $1,300. Both are in excellent condition with modern kitchens and bathrooms. The property features a shared, well-sized green backyard and ample free off-street parking. An oversized two-car garage, which can rent for about $450, provides extra storage. The driveway fits two vehicles. Both units are tenant-occupied, generating a total of $2900 monthly. Tenants pay all utilities except water, which the landlord manages and equally splits, invoicing each tenant. Gas heating and very low taxes add to the property's appeal. This traditional gem has been meticulously maintained, showcasing excellent condition and timeless appeal that will attract a wide range of tenants.The potential for appreciation in value, coupled with the steady demand for rental properties in this charming neighborhood, positions this home as a smart investment for the future. Don't miss your chance to own a piece Elkins Park that not only feels like home but also offers a pathway to financial growth. This property is more than just a house; it's an opportunity waiting to be seized. Conveniently located Greenleaf at Cheltenham Mall in Wyncote features La Fitness, Chilis, Target, Home Depot, and Wawa (9 mins). Arcadia University (15 mins). Septa Trains States: Elkins Park Train Station (6 mins), Melrose Park Train Station (4 mins) Jenkintown Train Station (10 mins) served by four lines and just 25 minutes to Center City. Highways: Rt 309 is (15 mins) and Rt 276 (25 mins) for fast, easy access to Rt 95. Cheltenham townships feature many picturesquely designed architectures, boutique stores, parks, and several pools within a 5 to 10-minute drive from the property. Yummy Dunkin Donuts within a short walk
Presented By: Bally Gwynedd Realty

Interior Features for 7323 School Lane

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceEstimated
BasementFull
Basement (Y/N)Yes
Central Air Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 7323 School Lane

Acceptable FinancingCash, Conventional, FHA
AccessibilityNone
Architectural StyleColonial, Traditional
CityELKINS PARK
Construction MaterialsVinyl Siding
Cool FuelNone
CoolingNone
CountyMONTGOMERY
DirectionsSee GPS
DisclosuresHistoric Property
ExclusionsTenants Personal Possessions
Garage Spaces2.00
Garage Y/NYes
HeatingCentral, Forced Air
Lease TypeMonth to Month
Living Area1674
Lot Size Square Feet10454.00
Lot Size UnitsSquare Feet
MLS AreaCheltenham Twp (10631)
MunicipalityCHELTENHAM TWP
New ConstructionNo
Number Of Units Total2
Number of Units Leased2
One Bedroom Units Count
Other StructuresAbove Grade
Other UnitsUnit 1, Unit 2
OwnershipFee Simple
PossessionSubject to Existing Lease
Price Per Sq Ft Total AG215.05
Property ConditionExcellent
Property SubtypeDuplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictCHELTENHAM
SewerPublic Sewer
Single Room Units Count5
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Structure TypeDetached
Subdivision NameLAMOTT
Tax Annual Amount4753.0
Tax Assessed Value70000.0
Tax Lot010
Tax Year2025
Total Actual Rent34800.00
Total Rooms7
Total SQFT1674
Two Bedroom2
UtilitiesNatural Gas Available
Vacation Rental Y/NNo
ViewGarden/Lawn
Water Access Y/NNo
Year Built1920
Year Built SourceEstimated
Zoning1132 RES: DUPLEX

Exterior for 7323 School Lane

# of Detached Garage Spaces2
Exterior AmenitiesAwning(s), Exterior Lighting, Play Area, Sidewalks, Street Lights
Foundation DetailsStone
Garage FeaturesAdditional Storage Area, Covered Parking, Garage - Front Entry
Land Assessed Value0.00
Land Use Code1132 Res: Duplex
Lot Dimensions57.00 x 0.00
Lot FeaturesLandscaping, Private, Rear Yard, SideYard(s)
Lot Size Acres0.24
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Parking FeaturesFree, Gravel Driveway, Private, Public
PoolNo Pool
Road ResponsibilityPublic
Total Parking Spaces6
Type of ParkingDetached Garage, Driveway
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Tina Torres

Broker/Owner
Price $360,000
MLS#PAMC2160232
List Date 10/30/2025
Property Type Contingent
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