Property

Cheltenham, PA 19012 121 Central Avenue

Pending
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Presented By: Coldwell Banker Realty
  • MLS# PAMC2153912
  • 10/22/2025
  • Request Tour
  • Request Info
  • Beds • 5
  • Garage • 1

Home Details

Investment Opportunity with Owner-Occupant Potential in Cheltenham Township! Welcome to this fantastic multi-family property in the desirable Cheltenham School District. This recently updated triplex offers both versatility and opportunityperfect for an owner-occupant or an investor looking to generate steady rental income. Each unit is filled with natural light and features a functional layout, generously sized bedrooms, and access to ample storage in the basement and/or garage. The property also includes on-site laundry facilities, making it convenient and attractive to tenants. Currently, the first-floor rear unit is leased, while the other two units are in the process of being updated and will soon be ready to leaseproviding immediate income with additional upside potential. Set on a tree-lined street, the property features off-street parking, detached oversized garage and outdoor backyard space for tenants to enjoy. Its prime location offers easy access to schools, parks, shopping, dining, and major commuter routes into Center City Philadelphia and the surrounding suburbs. RECENT UPDATES: Interior Painting, Roof Repaired, Third Floor Remodeled, New Carpets Second/Third Floor, Laundry On-Site, New Kitchen Cabinets and Countertops in 2 Units, New Refrigerators in 2 Units Whether youre looking to add to your investment portfolio or take advantage of the option to live in one unit while renting out the others, 121 Central Avenue is a rare and versatile find in Cheltenham Township. Dont miss out on this income-producing opportunityschedule your showing today!
Presented By: Coldwell Banker Realty

Interior Features for 121 Central Avenue

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceEstimated
BasementOutside Entrance, Unfinished
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
FlooringCarpet, Luxury Vinyl Plank, Hardwood
Furnished UnitsNone
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterMulti-tank

General for 121 Central Avenue

Acceptable FinancingCash, Conventional, FHA 203(k)
AccessibilityNone
AppliancesRefrigerator, Oven/Range - Gas, Stainless Steel Appliances, Washer, Dryer
Architectural StyleTraditional
Association Recreation FeeN
CityCHELTENHAM
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyMONTGOMERY
DirectionsUSE GPS
Garage Spaces1.00
Garage Y/NYes
HeatingRadiator
Historic Y/NNo
Home Warranty Y/NNo
Lease TypeLong Term
Living Area2731
Location TypeSuburban
Lot Size Square Feet3450.00
Lot Size UnitsSquare Feet
MLS AreaCheltenham Twp (10631)
MunicipalityCHELTENHAM TWP
New ConstructionNo
Number Of Units Total3
Number of Units Leased1
NumberOfUnitsVacant2
One Bedroom Units Count2
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 3
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG139.14
Property SubtypeTriplex
Property TypeMulti-Family
RoofFlat
School DistrictCHELTENHAM
SewerPublic Sewer
Single Room Units Count0
Standard StatusPending
StatusPENDING
Structure TypeDetached
Tax Annual Amount8938.0
Tax Assessed Value131620.0
Tax Lot001
Tax Year2025
Total SQFT2731
TransportationCommuter Rail Station less than 1 mile, Bus Stop less than 1 mile
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningTRIPLEX

Exterior for 121 Central Avenue

# of Detached Garage Spaces1
Foundation DetailsStone
Garage FeaturesOversized
InclusionsRefrigerators in each of the three units and the community washer and dryer all in as is condition for no monetary value.
Land Assessed Value0.00
Land Use Code4100
Lot Dimensions23.00 x 0.00
Lot Size Acres0.08
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
SpaNo
Total Parking Spaces1
Type of ParkingDetached Garage, On Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Cheltenham High School
Middle School Cedarbrook Middle School
Elementary School Cheltenham Elementary School

Jenniffer Bravo Llerena

Associate
Price $380,000
MLS#PAMC2153912
List Date 10/22/2025
Property Type Pending
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