$369,000

121 CENTRAL AVE, Cheltenham, PA 19012

2,731 sqft

Triplex
Built in 1900
3,485sqft lot
1 car garage
$135/sqft
Listed 1 month ago

Property Description

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 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 were 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!

Listing Status:: Active
Listing Office:: Coldwell Banker Realty : 2156412727
Listing Agent:: Leslie M DiMartile : 2159901010
MLS ID:: PAMC2153912

Appliances: RefrigeratorOven/Range - GasStainless Steel AppliancesWasherDryer
Basement: Outside entranceUnfinished
Flooring: CarpetLuxury vinyl plankHardwood
A/C: None
Heating: RadiatorNatural Gas
Disability Feature: None

General: Above GradeBelow Grade
Style: Traditional

Roofing: Flat
General: BrickStone

Originating MLS: BRIGHT_MAIN
School District: CHELTENHAM
County: MONTGOMERY-PA

Zoning: TRIPLEX31-00-04567-001

Water: Public
Sewer: Public Sewer

Source: BRIGHT_MAIN

This listing courtesy of Leslie M DiMartile, Coldwell Banker Realty

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Property Taxes $
Home Insurance $
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Location

Schools Nearby

Cheltenham Elementary School

7853 Front St, Cheltenham, PA, 19012

Grades KG-4

0.91 miles away

Cedarbrook Middle School

300 Longfellow Rd, Wyncote, PA, 19095

Grades 5-8

3.64 miles away

Cheltenham High School

500 Rices Mill Rd, Wyncote, PA, 19095

Grades 9-12

3.96 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.