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121 Central AvenueCheltenham, PA 19012

For Sale

$380,000

Smart Buyer Rebate $2,000

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 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!

Listed by Leslie M DiMartile

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License #RS346779

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Coldwell Banker Realty

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2159901010

Last updated October 22, 2025

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Source: BrightMLS #PAMC2153912

Listing Facts

  • TypeMulti-family
  • NeighborhoodAshmead Village
  • Days on Prevu4
  • Taxes$8,938/year
  • Size2,731 sqft
  • Price per sqft$139

Amenities

  • Washer/Dryer
  • Parking

Location

Mortgage Calculator

Listing History

10/22/2025
Listed by Coldwell Banker Realty
$380,000

Property Details for 121 Central Avenue

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 3
  • Roof: Flat
  • Year Built: 1900
  • Architectural Style: Traditional
  • Construction Materials: Brick

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.08
  • Lot Size Dimensions: 23
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 3,450
  • Lot Size Units: Square Feet

Financial

Taxes

  • Tax Annual Amount: $8,938.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Refrigerator, Oven/Range - Gas, Stainless Steel Appliances, Washer, Dryer
  • Fireplace: No
  • Flooring: Carpet, Luxury Vinyl Plank, Hardwood
  • Spa: No

Measurements

  • Living Area: 2,731
  • Living Area Source: Estimated

Rooms

  • Basement: Outside Entrance, Unfinished
  • Has Basement: Yes

Other

Location

  • Tax Lot: 001

Parking

Parking

  • Garage Spaces: 1
  • Garage: Yes

Schools

Elementary School

  • Elementary School: CHELTENHAM

High School

  • High School: CHELTENHAM

Middle or Junior School

  • Middle Or Junior School: CEDARBROOK

Utilities

Equipment

  • Heating: Radiator
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.