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About this home
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.
Multi-familyProperty Type
1965Year Built
3,609 sq ftLot Size
$254Price/Sq.Ft.
4 spacesParking
Listed by Philip Cavalcanto• Coldwell Banker Realty
Ryers, located between Rhawn Street and Cottman Avenue, is a residential and commuter-friendly Philadelphia neighborhood with a rail stop and a leafy, low-rise streetscape. The neighborhood’s character concentrates around the Rhawn Street corridor near the Ryers SEPTA Regional Rail station, where corner shops, takeout counters, and everyday services set a steady, practical rhythm. Brick rowhomes and twins line calm blocks, with small front lawns and driveways that shape the streetscape. Pennypack Park’s trails and creek edges frame outdoor time close to home. The Boulevard’s commercial strip adds errands and dining without changing the quiet interior streets. A short ride connects to Northeast Philly’s larger retail and civic hubs.
Provided by Walk Score and Local Logic
Offer insights
506 Ryers Ave · $325,000
$325K and above
75% chance or better to win
Why $325K+ is a strong offer
DAYS ON MARKET
12 days
The average home goes pending in 51 days.
SALE-TO-LIST
96.4%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Assessor-sourced living area
Bedrooms
Two one-bedroom units (multi-unit property)
Heating & cooling
Central heating
Wall and window air-conditioning units (electric)
Exterior features
No tidal water
Home design
Interior townhouse / rowhouse
Fee simple ownership
Parking
Four total garage/parking spaces
Driveway, off-street parking and parking lot spaces (4)
Construction
Brick construction
Block foundation
Above- and below-grade structures
1,280 finished above-grade area (per assessor)
Utilities
Public water
Public sewer
Natural gas hot water
Natural gas heating
Financial info
Two total units; one currently leased
No rent control
Electricity and solar
View estimated energy costs and solar savings for this home
In expansion of the declaration of legislative intent and the statement of community development objectives found in Article I of this chapter, the intent of the MU2 Mixed Use District is to: Encourage economic development through the establishment of flexible standards that maintain the traditional residential nature of the districts.; Encourage limited commercial and business uses in existing residential structures.; Ensure that new buildings, additions, and renovations are in keeping with and enhance the historic character of the community and green spaces.; Establish a walkable community by promoting a pedestrian orientation of streets and buildings and providing a safe and convenient interconnected sidewalk network.; Encourage commercial development design that will reflect community identity and protect and enhance the character and property values of adjacent and nearby neighborhoods.; Accommodate parking in a convenient matter that does not take away from the rhythm of the street.; Regulate nonresidential uses to protect and preserve existing neighborhoods.
Permitted uses
Include but are not limited to:
Bank
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Bed & breakfast
Mixed use building
Office
Medical office
Recreation
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Cheltenham, PA • 19012
Average low and high temperatures (°F)
36
23
40
26
59
38
67
46
73
56
84
65
89
71
82
64
79
62
69
49
57
40
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Cheltenham. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 506 Ryers Ave
$323,417
$1,583 under list price of $325K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $270K to $330K.