$335,000
502 Franklin Ave, Cheltenham, PA 19012
Listed by Keller Williams Real Estate-Langhorne
RARE CHELTENHAM VILLAGE OPPORTUNITY! Bring your vision and imagination to 2 Central Avenue. This property presents a unique opportunity for an investor, builder, or contractor looking for a substantial renovation or redevelopment project in a desirable Cheltenham Township location. The property has been determined by the Township to be unsafe and condemned and requires extensive work. It is being sold strictly AS IS, WHERE IS. Due to the Township’s determination regarding the property, interior access is restricted. There will be no interior showings. Any access to the property, if permitted, must receive prior approval and requires all individuals entering the property to sign a waiver and release before entry. Buyers are encouraged to conduct their own independent due diligence regarding zoning, permitted uses, required approvals, renovation or reconstruction requirements, and overall feasibility. Buyers should rely on their own inspections and investigations to determine whether the property meets their intended plans. For the right buyer, this is an opportunity to take on a property with potential and create something new. An excellent opportunity for an experienced investor, builder, or contractor looking for their next project. Don't miss this unique offering!
| Date | Event | Price |
|---|---|---|
| Oct 6, 2026 | Listed for sale | $149,900 |
Price changes are tracked from when NookLocal first indexed this listing; earlier history may not appear. Tax & assessment details are in the section below.
Estimated at current rates
$5,956 / year
≈ $496 per month
MLS shows (2025)
$7,207
-17.4% at current rates
School tax
CHELTENHAM TOWNSHIP · 54.77 mills (2025-26)
$5,372
County tax
Montgomery County · 5.95 mills (2026)
$584
Municipal tax
Not reported in the MLS feed
—
Recomputed from the county assessment ($98,090, 1996 base year) × current millage. School millage is from the latest year certified by the Pennsylvania Department of Education (2025-26); districts adopt the next year's budgets each June, and we update when the state certifies the statewide file in the fall. Portals typically reprint the recorded 2025 bill. Pennsylvania does not reassess on sale. Estimate only. Verify with Montgomery County before relying on it. Learn more: PA property tax calculator · Common Level Ratio by county.
Loan term
Estimated monthly payment
$1,293/mo
Taxes use NookLocal's estimate at current millage rates, not the stale figure on the MLS. The default rate is the average 30-year rate as of July 2026; insurance is estimated at 0.35% of the price per year. Below 20% down, lenders usually add mortgage insurance, which this estimate doesn't include. Estimate only; verify before relying on it.
School district
Cheltenham Township
2025 PA state assessments (PSSA / Keystone) and graduation data. The index measures student outcomes, not school effectiveness, and is not adjusted for demographics. Districts serve all residents; verify enrollment boundaries with the district.
Safety data
Montgomery County crime & safety numbers →
County figures from FBI and Pennsylvania source data.
Property taxes
Montgomery County taxes, explained →
Millage, the Common Level Ratio, and what changes after you buy.
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Information Deemed Reliable But Not Guaranteed
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which United Real Estate Strive 212 participates, and is provided by BRIGHT through a licensing agreement.
IDX listings are displayed pursuant to broker of record United Real Estate Strive 212, Frank Ramos, Broker/Owner, PA Broker License RM424345, 1220 Broadcasting Rd, Suite 201, Wyomissing, PA 19610, (610) 372-0212.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: October 6, 2026 at 8:04 PM EDT
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