$ 380,000
-
$380,000
Price -
5
Bed - Bath
-
2,731
SqFt
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About the Listing CBPREBB - 3279544
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!
Listing Highlights for 121 Central Ave
Status
Active With Contingency
Days on Site
9
Property Type
Multi-Family
MLS ®
PAMC2153912
Year Built
1900
Total Square Footage
2,731
Lot/Acreage
0.08
County
Montgomery
School District
Cheltenham
Elementary School
Cheltenham
Middle School
Cedarbrook
High School
Cheltenham
Interior Details
- Bedrooms: 5
- Bathrooms: Full
- Appliances: Refrigerator, Oven/Range - Gas, Stainless Steel Appliances, Washer, Dryer
- Air Cond:
- Heating: Radiator
- Fireplaces:
- Floor: Carpet,Luxury Vinyl Plank,Hardwood
- Above Ground Sq Ft: 2731
- Below Ground Sq Ft: 0
- Basement: Outside Entrance,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: 1 car
- Parking Spaces: 1
- Lot Dimensions: 23.00 x 0.00
- Zoning: TRIPLEX
- Roof: Flat
- Others:
- Sewer: Public Sewer
- Parking Features: Oversized,Detached Garage,On Street,1+ Spaces
Financial Details
- Tax Amount: $8,938
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
121 Central Ave Cheltenham, PA 19012
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