Patterson-Schwartz Real Estate317 Harrison, Elkins Park, PA 19027 $1,250,000
Interior Sq. Ft: 8,100
Acreage: 0.98
Age:175 years
Taxes: $18,898
Subdivision: Elliger Park
Design/Type:
Detached
Description
Own a Piece of History While Earning a Steady Return! A rare opportunity awaits in the heart of Elkins Park, where history meets modern-day convenience. This stunning six-unit multi-family property, dating back to 1850, is a testament to timeless craftsmanship and mindful investing. Generating $110,000 per year in rental income, this well-maintained property offers high tenant retention, spacious units, and a prime location just two blocks from the Elkins Park train station—an ideal setup for long-term financial success. Elkins Park is one of the most desirable suburbs of Philadelphia, known for its tree-lined streets, vibrant community, and historic architecture. Tenants love the walkability of the neighborhood, with charming cafés, local shops, and top-rated restaurants all within a short distance. Meyers Elementary School, Wall Park, and Curtis Arboretum offer green space and recreation, while the train station provides a quick 20-minute ride to Center City Philadelphia, making it ideal for commuters. Property Features: 1) Six Oversized Units – Spacious layouts, some units nearly 2,000 sq. ft. 2) Consistent Rental Income – Generates $110K annually, with long-term tenants who renew leases 3) Historic Charm & Modern Updates – Hardwood flooring, large windows, and well-maintained interiors 4) Outdoor Amenities – Tenant gardens, a firepit area, and extra storage lockers 5) Convenience – Off-street parking and on-site laundry facilities 6) Commuter’s Dream – Less than 2 blocks from Elkins Park train station with easy access to Philadelphia 7) Strong Community Appeal – Walkable neighborhood with grocery stores, restaurants, and parks nearby A Sound Investment in a Thriving Location Elkins Park continues to grow in demand due to its historic charm, accessibility, and quality of life. This property has rewarded past owners with consistent returns, and with strong rental demand and high lease renewal rates, it is positioned as an excellent long-term investment. Don’t miss out on this exceptional income-producing property in one of Montgomery County’s most sought-after neighborhoods! Contact us today for more details or to schedule a private showing.
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Elem. School: Myers Mid. School: Elkins Park School
Features
Utilities
Hot Water Heating, Natural Gas, Central A/C, Electric, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
Detached Garage, Driveway, Off Street, Parking Lot, Other, Detached Garage Spaces #: 3;
Interior
Full Basement, Wood Flooring
Exterior
Stone Foundation, Stone Exterior
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (95 schools)
Public Middle (23 schools)
Public High (31 schools)
Private (96 schools)
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This report is a detailed community overview for Elkins Park (19027), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 31
- Average salary of people in this community: $63,821
Community Summary
- Population Density (ppl / mile): 5,075
- Household Size (ppl): 2.33
- Households w/ Children: 48%
Housing Inventory
- Owned: 5,020 (55.8%)
- Rented: 3,483 (38.7%)
- Vacant: 490 (5.4%)
- Total: 8,993
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 0.9%
- Some High School: 1.8%
- High School Graduate: 17.3%
- Some College: 14.7%
- Associate Degree: 8.4%
- Bachelor's Degree: 27.9%
- Graduate Degree: 28.9%
Income by dollar range
Median Income: $81,098
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $988
- One Bedroom: $979
- Two Bedroom: $1,194
- Three Bedroom: $1,984
- Four Bedroom: $2,032
© 2025 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-234-5195
Listing Courtesy of: Keller Williams Real Estate Tri-County , (215) 464-8800
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 Patterson-Schwartz Real Estate 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.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 3/31/2025.
