121 Central Avenue, Cheltenham, PA 19012 - Photo 1

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$369,000 Sale Pending

For Sale
Pending
Single Family
2,731 Sq. Ft.
1 Car Garage

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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. ðŸ“ Don't miss out on this income-producing opportunity-schedule your showing today!

Full Property Details

Full Property Details for 121 Central Ave

General

Price: $369,000
Taxes: $8,938 (2025)
Status: Pending
Type: Single Family
Source: BrightMLSPhilly
MLS ID: PAMC2153912
Updated: 12/30/2025
Added to Site: 87 day(s) ago

Rental Information

Lease Info: Long Term

Interior

Appliances: Refrigerator, Oven/Range - Gas, Stainless Steel Appliances, Washer, Dryer
Flooring: Carpet, Luxury Vinyl Plank, Hardwood

Parking

Garage: Yes
Garage Spaces: 1
Total Spaces: 1
Parking Type: Detached Garage, On Street
Garage Description: Oversized

Location

Area: Cheltenham Twp (10631)
Municipality: CHELTENHAM TWP
County: MONTGOMERY
Cross Streets: Beecher Avenue
Driving Directions: USE GPS
Location Details: Suburban

School Information

School District: Cheltenham
Elementary School: Cheltenham
Middle School: Cedarbrook
High School: Cheltenham

Heating & Cooling

Cooling Type: None
Heating Type: Radiator
Heating Fuel: Natural Gas
Water Heater: Multi-tank

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Style: Traditional
Structure Type: Detached
Construction: Brick
Basement: Yes
Basement Entrance: Yes
Basement Desc.: Outside Entrance, Unfinished
Foundation: Stone
Roof: Flat
Square Feet: 2,731
Sq. Ft. Source: Estimated
Living Area: 2,731 Sq. Ft.
Finished Above Grnd: 2,731 Sq. Ft.
Year Built: 1900
Year Built Source: Assessor

Unit Information

Other Units: Unit 1, Unit 2, Unit 3

Lot Features

Lot Size (Acres): 0.08
Lot Size (Sq. Ft.): 3,450
Lot Size Source: Assessor
Lot Dimensions: 23.00 x 0.00
Zoning: TRIPLEX

Financial Considerations

Price Per Sq. Ft.: $135.12
Assessment Year: 2025
School Tax: $6,998
City/TownTax: $1,310
City/TownTax Freq: Annually
County Tax: $691
County Tax Freq: Annually
Tax w/Assessment: $131,620
Tax Amount: $8,938
Tax Year: 2025

Disclosures and Reports

Ownership: Fee Simple
Inclusions: Refrigerators in each of the three units and the community washer and dryer all in "as is condition" for no monetary value.
Lot Number: 1

Buyer's Brokerage Compensation: Contact Listing Agent

Not binding unless confirmed by separate agreement among applicable parties.

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Meet the listing agent

— 121 Central Ave —

Leslie DiMartile

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(215) 990-1010 mobile

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NMLS#: 1598647

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Schools

Schools serving 121 Central Ave

School District:Cheltenham Township School District

Name	Grades	Distance
Cheltenham El School 7853 Front Street, Cheltenham, PA 19012	K-4	0.9 mi
Elkins Park School 8149 New 2nd Street, Elkins Park, PA 19027	5-6	1.2 mi
Cedarbrook Middle School 300 Longfellow Road, Wyncote, PA 19095	5-8	3.7 mi
Cheltenham High School 500 Rices Mill Road, Wyncote, PA 19095	9-12	4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 121 Central Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

12/16/2025

Price Reduced

$369,000

-2.89%

MLS

10/22/2025

Listed

$380,000

—

MLS

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 121 Central Ave

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Total Bath
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Total Baths
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Updated 23 hours ago

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Updated 15 hours ago

4
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Total Baths
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Sq. Ft.

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Price Reduced

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Updated 5 days ago

5
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Price Reduced

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Updated 13 hours ago

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Total Baths
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Price Reduced

-$50,000 (-12.5%)

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Single Family
Active
Updated 6 hours ago

3
Beds
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Total Baths
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Sq. Ft.

Listed by Coldwell Banker Hearthside Realtors, Moses Samuel

121 Central Avenue, Cheltenham, PA 19012 (MLS# PAMC2153912) is a Single Family property with 0 bedrooms and 0 full bathrooms. 121 Central Avenue is currently listed for $369,000 and was received on October 22, 2025. This property is listed by Leslie DiMartile from our Blue Bell Office.Want to learn more about 121 Central Avenue? Do you have questions about finding other Single Family real estate for sale in Cheltenham? You can browse all Cheltenham real estate or contact a Coldwell Banker agent to request more information.

121 Central Ave Cheltenham, PA 19012