121 CENTRAL AVE Cheltenham, PA 19012
2,731 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,731 sqft
Price per Sqft $139
MLS Listing ID PAMC2153912
Style Traditional
Abv Grd Liv Area 2,731
Year Built 1900
Annual Tax Amount $8,938
Tax Year 2025
Lot Size 3,450 Sqft
Acres 0.08
Lot Dimensions 23.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Welcome to this fantastic multi-family property in the desirable Cheltenham School District. This recently updated triplex offers both versatility and opportunity—perfect 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 lease—providing 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 you're 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.
📍 Don't miss out on this income-producing opportunity—schedule your showing today!
Location
State PA
County Montgomery
Area Cheltenham Twp (10631)
Zoning TRIPLEX
Rooms
Basement Outside Entrance, Unfinished
Interior
Hot Water Multi-tank
Heating Radiator
Cooling None
Flooring Carpet, Luxury Vinyl Plank, Hardwood
Inclusions Refrigerators in each of the three units and the community washer and dryer all in "as is condition" for no monetary value.
Equipment Refrigerator, Oven/Range - Gas, Stainless Steel Appliances, Washer, Dryer
Fireplace N
Appliance Refrigerator, Oven/Range - Gas, Stainless Steel Appliances, Washer, Dryer
Heat Source Natural Gas
Exterior
Parking Features Oversized
Garage Spaces 1.0
Water Access N
Roof Type Flat
Accessibility None
Total Parking Spaces 1
Garage Y
Building
Foundation Stone
Above Ground Finished SqFt 2731
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Cheltenham
Middle Schools Cedarbrook
High Schools Cheltenham
School District Cheltenham
Others
Tax ID 31-00-04567-001
Ownership Fee Simple
SqFt Source 2731
Acceptable Financing Cash, Conventional, FHA 203(k)
Listing Terms Cash, Conventional, FHA 203(k)
Financing Cash,Conventional,FHA 203(k)
Special Listing Condition Standard
