121 Central Avenue Cheltenham, PA $ 369,000
121 Central Avenue
$ 369,000
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121 Central Avenue

Cheltenham, PA, 19012
$ 369,000
Bedrooms5 Baths0.0

Monthly Estimate*

$ 2,302

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Multi-Family Home for sale in Cheltenham, PA

for $369,000 with 5 bedrooms. This home was built in 1900 on a lot size of 0.08.

It's your lucky day! Buyers financing fell through so this multi-family property is back on the market at a new offer price, just in time for the new year! 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 were 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!

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Multi-Family Active

Price

$ 369,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 8,938

Style

Traditional

Lot Size

0.08

Year Built

1900

Town/City

Cheltenham

County/Region

Montgomery

MLS | Web ID

PAMC2153912

Features
General
Living Area 2731
Sewer Public Sewer
Heating Radiator
Cooling None
Possession Immediate
Roof Flat
Appliances Refrigerator Oven/Range - Gas Stainless Steel Appliances Washer Dryer
Zoning TRIPLEX
Garage Spaces 1.00
Architectural Style Traditional
Construction Materials Brick
School District CHELTENHAM
Year Built 1900
Property Subtype Triplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Municipality CHELTENHAM TWP
Accessibility None
County MONTGOMERY
New Construction N
Property Type Multi-Family
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions USE GPS
City CHELTENHAM
Number Of Units Total 3
MLS Area Cheltenham Twp (10631)
Lot Size Units Square Feet
Lot Size Square Feet 3450.00
Number of Units Leased 1
Tax Annual Amount 8938.0
Home Warranty Y/N N
Two Bedroom 0
Structure Type Detached
Price Per Sq Ft Total AG 135.12
Acceptable Financing Cash Conventional
Historic Y/N N
Vacation Rental Y/N N
Location Type Suburban
Lease Type Long Term
Standard Status Active
Year Built Source Assessor
Tax Lot 001
Association Recreation Fee N
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Interior
Heating Fuel Natural Gas
Basement Outside Entrance Unfinished
Flooring Carpet Luxury Vinyl Plank Hardwood
Hot Water Multi-tank
Furnished Units None
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
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Exterior
Pool No Pool
Water Source Public
Inclusions Refrigerators in each of the three units and the community washer and dryer all in as is condition for no monetary value.
Garage Features Oversized
Type of Parking Detached Garage On Street
Foundation Details Stone
Spa N
Water View Y/N N
Lot Dimensions 23.00 x 0.00
Lot Size Acres 0.08
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 0.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 121
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* Excluded Features
List By
Coldwell Banker Realty

Broker

leslie.dimartile@cbrealty.com

Email

Affordability Calculator

$3,047
Per Month
76%
24%
0%
Monthly Principal & Interest
$2,302
Monthly Property Taxes
$745
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
3033756 Elementary School
2685471 Middle School
Cheltenham High School High School
Pricing History
DatePricePrice ChangeDescription
12/16/2025$369,000 -2.89% Price Down
10/23/2025$380,000 Listed Price

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121 Central Avenue, Cheltenham, PA, 19012 is a Multi-Family Home for sale at $369,000 with a lot size of 0.08. 121 Central Avenue has 5 bedrooms, 0.0 baths, and was built in 1900. The property's zip code is 19012 which is in Cheltenham, PA