Property profile

121 Central Ave Cheltenham, PA 19012

OFF-MARKET
Other commercial real estate
Property ID
US73-2043091
4,086 SF 0.08 ac lot Built 1900
Trust Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

Updated triplex in Cheltenham Township, within the Cheltenham School District, configured to provide three independently usable residential units. The building is about 2,731 square feet on a 0.08-acre lot and is positioned on a tree-lined street with off-street parking. Each unit has access to natural light, a functional interior layout with generously sized bedrooms, and storage available in the basement and detached oversized garage. On-site laundry facilities are present. A backyard area is included with the property. Recent physical improvements include interior painting, roof repairs, remodeling of the third-floor interior, new carpeting on the second and third floors, kitchen cabinet and countertop updates in two units, and new refrigerators in two units. The location provides access to schools, parks, shopping, dining, and commuter routes into Center City Philadelphia and nearby suburbs.

Property profile

Verified
Property type Other commercial real estate
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 4,086 SF
Lot 0.08 ac (3,450 SF)
Zoning code C3
APN 31-00-04567-00-1
UPID US73-2043091

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

121 Central Ave Cheltenham, PA 19012-2228
Cheltenham metro Census 202201 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2010
Last sale
$369,000
1 recorded transaction
2010
Price N/A

Zoning & alternative use

C3 · Cheltenham, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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