Twin Duplex with Two 2BR
118 RYERS Avenue Cheltenham, PA 19012
New
For Sale
$450,000
MULTI_FAMILY - Other - CHELTENHAM, PA
Property Size2,106 SF
Lot Size0.09 Acres
Price / SF$213.68
Days on Market1
Property Features for 118 RYERS Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement
- Parking
- 4
- Parking features
- Driveway, Garage - Detached
- Standard status
- Active
- Size
- 2,106 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8569
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing Agency:
RE/MAX 2000
(215) 698-2000
Listed By:
Mariann Owens · License #RS133529A
(215) 280-7222
Added: Jul 25
Last Checked: Jul 25 at 4:06AM
MLS# PAMC2188652
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained twin duplex features a foyer entry with access to both the first and second floors. Each floor provides a two-bedroom, two-bath layout with updated kitchens and updated baths that were renovated a few years ago. Units include central air, with hardwood floors and carpeting, and laundry access in the basement for both floors.
The property also includes a detached two-car garage and a rear yard with a patio. The location is described as convenient to public transportation, shopping, and Burholme Park.
Both floors appear to function as separate living spaces with independent entries and separate utilities, supported by central air throughout the duplex.
The property also includes a detached two-car garage and a rear yard with a patio. The location is described as convenient to public transportation, shopping, and Burholme Park.
Both floors appear to function as separate living spaces with independent entries and separate utilities, supported by central air throughout the duplex.
Key Highlights
- 1925 brick twin duplex with 2 bedrooms and 2 bathrooms on both the 1st and 2nd floors
- Updated kitchens and renovated baths completed a few years ago
- Central air on both floors with forced‑air heating and separate utilities
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.8k | $22.20 |
| − Vacancy | −$3.0k | −$1.44 |
| EGI | $43.7k | $20.76 |
| − OpEx | −$13.1k | −$6.23 |
| NOI | $30.6k | $14.53 |
2,106 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$437.1K
$382.5K – $510.0K
NOI $30,600 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$406.5K
$355.7K – $474.2K
NOI $28,453 @ 7.0% cap · market cap 6.32%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,798 @ 7.0% cap · market cap 18.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained twin duplex offering two separate two-bedroom, two-bath units with updated kitchens and baths.
Where is this duplex located?
The property is located at 118 RYERS Avenue Cheltenham, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1925 brick twin duplex with 2 bedrooms and 2 bathrooms on both the 1st and 2nd floors; Updated kitchens and renovated baths completed a few years ago; Central air on both floors with forced‑air heating and separate utilities
