About 121 Central Ave
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.
Features of 121 Central Ave
| MLS® # | PAMC2153912 |
|---|---|
| Price | $380,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,731 |
| Acres | 0.08 |
| Year Built | 1900 |
| Type | Multi-Family |
| Sub-Type | Triplex, Detached |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 121 Central Ave |
|---|---|
| Area | Cheltenham Twp (10631) |
| City | CHELTENHAM |
| County | MONTGOMERY-PA |
| State | PA |
| Municipality | CHELTENHAM TWP |
| Zip Code | 19012 |
Amenities
| # of Garages | 1 |
|---|---|
| Garages | Oversized |
| Is Waterfront | No |
Interior
| Appliances | Refrigerator, Oven/Range-Gas, Stainless Steel Appliances, Washer, Dryer |
|---|---|
| Heating | Radiator |
| Cooling | None |
| Has Basement | Yes |
| Basement | Outside Entrance, Unfinished |
| Fireplace | No |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Roof | Flat |
| Foundation | Stone |
School Information
| District | CHELTENHAM |
|---|---|
| Elementary | CHELTENHAM |
| Middle | CEDARBROOK |
| High | CHELTENHAM |
Additional Information
| Date Listed | October 22nd, 2025 |
|---|---|
| Days on Market | 2 |
| Zoning | TRIPLEX |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Realty |
|---|---|
| Contact Info | 2156412727 |