506 Ryers Ave, Cheltenham, PA 19012

Property Description

Welcome to 506 Ryers Ave in Cheltenham, a well-maintained duplex offering flexibility for an owner-occupant, investor, or buyer looking to combine homeownership with rental income. The property features two separate one-bedroom units, each offering comfortable living space along with recently renovated kitchens and newer appliances and newer windows. Thoughtful updates have already been completed, while still providing the next owner with opportunities to make additional improvements and personalize the property over time. Current tenant is paying $950 per month. A major highlight is the off-street parking for up to four cars—an especially valuable feature for a multi-unit property. Residents can also enjoy the rear yard, while the large basement provides generous space for storage, utilities, and additional property needs. The two-unit configuration creates several possibilities. Live in one unit and rent the other to help offset monthly housing expenses, or add the property to an investment portfolio as a long-term rental. With updated kitchens, off-street parking, outdoor space, and ample basement storage already in place, the property offers a solid foundation for its next owner. Conveniently located in Cheltenham with access to nearby shopping, transportation, major roadways, and the surrounding Philadelphia area, 506 Ryers Ave is an opportunity to own a versatile two-unit property with both immediate functionality and future potential.