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1331 Ashbourne Road

Elkins Park, PA 19027

– beds
– baths
2,500 sqft
10,600 sqft lot
$97 per sqft
1900 build

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Elkins Park large multi family building consisting of three rental units. The building contains 3 separate rental units, however only 2 are legally zoned for rental purposes. The building needs updating and is being sold in "as is" condition. Electric for each apartment is separate. Owner pays domestic hot water and heating fuel (oil). Owner also pays cold water. Off street parking is available for one of the units. Large double lot with plenty of yard space and privacy. Building could be converted back to single family as well. Yearly expenses as follows: $17,712 Water and sewer $2800, Oil/heat $3078, PECO common areas $1764, Building Insurance $1344, Real estate taxes $8726. Yearly rental Income: $31,860 Yearly expenses : $17,712 net operating income-$14,148.00 Apt B - lower level apartment $735 (not legally zoned) Floor 1 - 1st floor rear $895 Floor 2 - 2nd floor $1,025 call for appointments-24 hour notice.

Listing courtesy of BRIGHT / Elfant Wissahickon-Chestnut Hill

Last checked: Checking… • Last updated Jan 7, 2025 •

MLS# PAMC2079664 —

The Building

Year Built:

1900
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stone
Building Units Total:

3
Structure Type:

Twin/Semi-Detached
Architectural Style:

Traditional
Accessibility Features:

None
Foundation Details:

Stone
Total SqFt Source:

Estimated
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

1961

Interior

Flooring Type:

Hardwood
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

2500
Living Area SqFt:

2,500 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Buyer Financing:

Cash
Possession:

Negotiable

Location

Directions:

1331 Ashbourne Read
Latitude:

40.06860000
Longitude:

-75.12525000

The Property

Property Type:

Multi-Family
Property Subtype:

Triplex
Lot Size Units:

Square Feet
Lot Size Acres:

0.24
Lot Size Source:

Assessor
Lot Size Dimensions:

50.00 x 0.00
Lot Dimensions Source:

Assessor
Lot SqFt:

10,600 Sqft
Zoning Description:

multi family
Zoning:

MULTI
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:

1132
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

31-00-00742-001
Tax Year:

2024
Tax Lot:

5
Tax Annual Amount:

$8,935
Tax Assessed Value:

$132,140
Year Assessed:

2024
School Tax:

7025.0
County Tax:

632.00
City/Town Tax:

1277.00
Total Taxes Payment Frequency:

Annually

The Listing

Close Sale Type:

Standard Sale

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Hot Water
Heating Fuel:

Oil

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
Cap Rate:

5.50

Parking

Total Garage and Parking Spaces:

4
Garage:

No
Type of Parking:

Driveway, Off Street
Driveway - # of Spaces:

2
Off Street - # of Spaces:

2

Extra Units

Vacation Rental:

No
Single Room Units:

1
One Bedroom Units:

2
Two Bedroom Units:

1

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Sale history

Date	Event	Source	Price	% Change
12/31/24 Dec 31, 2024	Sold	BRIGHT	$242,500	-6.7%
11/3/24 Nov 3, 2024	Pending	BRIGHT	$260,000
10/21/24 Oct 21, 2024	Price Changed	BRIGHT	$260,000	-17.5%

Multifamily Sold on 12/31/2024

$242,500

Listing provided by broker:

John P O'Connell

Elfant Wissahickon-Chestnut Hill

(215) 247-3600

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Listing Courtesy of: BRIGHT and Elfant Wissahickon-Chestnut Hill.

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.

1331 Ashbourne Road

Elkins Park, PA 19027