121 Central Avenue, Cheltenham, PA 19012-2228 $380,000

Interior Sq. Ft: 2,731
Acreage: 0.08
Age:125 years
Taxes: $8,938
Design/Type:
Detached
Description
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!
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Elem. School: Cheltenham Mid. School: Cedarbrook High School: Cheltenham
Features
Utilities
Radiator Heating, Natural Gas, None, None, Hot Water - Multi-tank, Public Water, Public Sewer
Garage/Parking
Detached Garage, On Street, Oversized, Detached Garage Spaces #: 1;
Interior
Outside Entrance Basement, Unfinished Basement, Carpet Flooring, Hardwood Flooring, Luxury Vinyl Plank Flooring
Exterior
Stone Foundation, Flat Roof, Brick Exterior
Lot
Suburban
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (92 schools)
Public Middle (24 schools)
Public High (35 schools)
Private (83 schools)
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This report is a detailed community overview for Cheltenham (19012), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 32
- Average salary of people in this community: $58,873
Community Summary
- Population Density (ppl / mile): 3,603
- Household Size (ppl): 2.76
- Households w/ Children: 66%
Housing Inventory
- Owned: 1,965 (83.6%)
- Rented: 314 (13.4%)
- Vacant: 71 (3.0%)
- Total: 2,350
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.0%
- Some High School: 1.3%
- High School Graduate: 18.3%
- Some College: 19.5%
- Associate Degree: 9.8%
- Bachelor's Degree: 26.0%
- Graduate Degree: 24.2%
Income by dollar range
Median Income: $100,859
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- One Bedroom: $855
- Two Bedroom: $1,159
- Three Bedroom: $2,110
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Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-753-2116
Listing Courtesy of: Coldwell Banker Realty , (215) 641-2727
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 10/23/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.