429 Jefferson Ave Cheltenham, PA 19012
Elkins Park NeighborhoodEstimated payment $2,645/month
Highlights
- Hot Property
- Rambler Architecture
- Corner Lot
- Cheltenham High School Rated A-
- 1 Fireplace
- 2 Car Detached Garage
About This Home
Investors and house - hackers, this is the opportunity you've been waiting for!
This corner lot property features a long list of recent upgrades, 3 bedrooms, 2 full bathrooms, a fantastic yard AND a detached garage with a separately metered studio apartment - perfect for guests or to rent and offset your mortgage.
Upon entry, a covered front porch offers shade, privacy and a place to enjoy a breeze with coffee in the morning or a drink after work. Step inside to a bright living room with engineered hardwood floors, a versatile living area, dedicated dining space, and a newly renovated kitchen - featuring granite countertops, new stainless steel appliances, freshly painted cabinets, and tile backsplash. Two comfortable bedrooms and a full bath on the first floor make it ideal for anyone seeking single-floor living. Fresh paint throughout and new bedroom carpeting means you can move in without a to-do list. Almost everything has been upgraded in the past 2 years!
The semi-finished basement is clean, dry and includes a third bedroom with new LVP floors, a second full bathroom, and laundry area. With flooring and some drywall, the space is ready for your customization which would nearly double the home's livable square footage.
The detached garage is extra wide, offering plenty of room for storage, hobbies, or vehicle work. Above it sits a separately metered, completely renovated one-bedroom apartment with brand new flooring, cabinets, appliances, countertops, and more—perfect for extended family, guests, or rental income.
Outside, enjoy a patio and expansive yard with plenty of room to entertain. The lot extends to Grove Ave, where a flat area currently accommodates truck and trailer parking. A brand new roof with warranty provides peace of mind for years to come. All of this is tucked into the desirable Cheltenham School District—just a 2-minute walk from Conklin Pool and across the street from Burholme Park, Playground and Family Fun Center - with driving range, batting cages, and mini golf.
Comps show the main house would rent for $2200 with the apartment fetching $1200. Garage and off street parking should be worth at least $200 more. Utilize medium term rental and increase these numbers by 50%.
429 Jefferson has unmatched versatility and upside. Be sure to ask about the full list of recent upgrades and renovations. Don't miss out, schedule your tour today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,472
Year Built
- Built in 1939
Lot Details
- 7,500 Sq Ft Lot
- Lot Dimensions are 50.00 x 0.00
- Corner Lot
Parking
- 2 Car Detached Garage
- Front Facing Garage
Home Design
- Duplex
- Rambler Architecture
- Slab Foundation
- Vinyl Siding
Interior Spaces
- 1 Fireplace
Utilities
- 90% Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Natural Gas Water Heater
Community Details
- 2 Vacant Units
Listing and Financial Details
- Tax Lot 025
- Assessor Parcel Number 31-00-15223-001
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/12/2025 07/12/25 | For Sale | $365,000 | +30.4% | $344 / Sq Ft |
| 02/24/2023 02/24/23 | Sold | $280,000 | -5.1% | $298 / Sq Ft |
| 01/06/2023 01/06/23 | Pending | -- | -- | -- |
| 12/28/2022 12/28/22 | Price Changed | $295,000 | -1.6% | $314 / Sq Ft |
| 09/26/2022 09/26/22 | Price Changed | $299,900 | -3.3% | $319 / Sq Ft |
| 08/31/2022 08/31/22 | Price Changed | $310,000 | -4.6% | $330 / Sq Ft |
| 07/25/2022 07/25/22 | For Sale | $325,000 | -- | $346 / Sq Ft |
Source: Bright MLS
MLS Number: PAMC2147074
APN: 31-00-15223-001
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