201 Central Avenue

Cheltenham, PA
$ 359,000 Beds 0 Baths 0 Sq 3,885
Monthly Estimate* How much can I afford?

This is the chance for you to own the commercial investment property of your dreams in lovely Cheltenham Village! This versatile five-unit Mixed-Use Commercial/Residential property offers multiple opportunities for excellent income generation and/or live and work possibilities. Two of the five units (one commercial, one residential) are actively leased, and the other three are currently used by the owner as a studio, shop, and office. The first-floor front commercial space is leased as a hair salon by a long-standing business, and the upstairs two-bedroom apartment is also tenant occupied. The front commercial space with a restroom is open and bright. Completing the first floor is a separate studio/office space with high ceilings, natural light and a full bath and convenience kitchen (no stove). The spacious second floor apartment has beautiful hardwood floors, excellent architectural details, a recently renovated kitchen, and a private second floor/deck, porch for breakfast, relaxing or entertaining. The first-floor entry vestibule to the apartment offers additional flex space for a reading nook, office, or sitting area. A separate outbuilding consists of two roughly square spaces with high ceilings and unfinished details. Currently used as an artist studio and shop space, they offer endless potential for local artisans or contractors looking for space to operate their business, practice their craft, or store equipment. Between the two buildings is a large, fenced back yard, offering yet another space for relaxing, entertaining, and perhaps a garden or additional outdoor workspace. Both buildings have full basements with high ceilings, offering significant square feet for equipment storage or additional workspace. Building is in a Mixed Used District in Cheltenham Village, Cheltenham Township. The Township Zoning office is the source for information about permitted uses or any commercial/residential conversion possibilities.


  • Price
  • $ 359,000
  • City
  • Cheltenham
  • Bedrooms
  • 0
  • Municipality
  • Full Bathrooms
  • 0
  • County
  • Half Bathrooms
  • 0
  • Area
  • Cheltenham Twp
  • Lot Size
  • 3,920 SqFt
  • Zip
  • 19012
  • Sqr Footage
  • 3,885
  • Year Built
  • 1905
  • Taxes
  • $ 9705
  • Style
  • Apartment Building,Hair Salon and Spa,/General Ret
  • MLS#
  • PAMC2044518
Listed By: Keller Williams Real Estate-Doylestown; klrw195@kw.com;(215) 340-5700
Data Source: Bright MLS



Acceptable Financing Conventional, Cash, Private, Other
Accessibility None
Business Type Apartment Building, Hair Salon and Spa, Other/General Retail, Professional, Restaurant/Bar, Storage, Other
Construction Materials Brick, Stucco, Combination
Cool Fuel Electric
Cooling Central A/C, Ductless/Mini-Split, Window Unit(s)
Days on Market 7
Exclusions Trade fixtures in first floor front commercial unit (items related to hair salon business)
Heating Forced Air, Heat Pump(s), Wood Burn Stove
Location Type Suburban
Lot Size Square Feet 3750.00
MLS Area Cheltenham Twp (10631)
New Construction No
Percent Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 92.45
Property Condition Good
Property SubType Mixed Use
Property Type Commercial Sale
Roof Shingle, Rubber
Sewer Public Sewer
Subdivision Name CHELTENHAM VIL
Tax Annual Amount 9705.0
Tax Lot 9
Tax Year 2022
Total Units 5
Vacation Rental Y/N No
Water Access Y/N No
Waterfront Y/N No
Zoning C3

Interior Features

Central Air Y/N Yes
Flooring Wood, Ceramic Tile, Other
Heating Fuel Natural Gas, Electric
Heating Y/N Yes
Hot Water Electric

Exterior Features

Building Area Total 3883.00
Inclusions All appliances in as is condition
Lot Size Acres 0.09
Lot Size Source Assessor
Navigable Water Y/N No
Type of Parking None
Water Oriented Y/N No
Water Source Public
Water View Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator


Per Month

Based on the average sale price from the Medford, NJ office

  • Monthly Principal & interest $2,268
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 5.875% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.


Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/15/2022 Listed $359,000

Property vs Zip Code Average in 19012

AVG $520K
AVG $8,459
AVG 57
Year Built
AVG 1981


Areas That We Cover

201 Central Avenue Cheltenham, PA is a Single Family Home for sale at $359000 with 3885 sqft and a lot size of 3,920 SqFt Acre(s). 201 Central Avenue Cheltenham has 0 bedrooms, 0 baths and was built in 1905. The property's zip code is 19012 which is in Cheltenham, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.875% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.