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Request Info$948,000
ACTIVE
1824 RIDGE AVENUE Overview
- Time on Site:
- 61 days
- Visits:
- 8
Attention investors, 1824 Ridge avenue is a fully occupied, mixed-use investment property located along the highly trafficked Ridge avenue corridor in Philadelphia. This 6 years old asset consists of 4 total units, including 3 residential apartments all units are: 2 bedrooms and 2 full bath, hardwood floor throughout, Central HVAC, in unit washer/dryer. The top unit has private roof access for extra outdoor space while backyard can be use as community space to be share with unit 1 and unit 2. The ground-floor commercial space with finished basement, offering diversified income in a strong urban location. The building totals approximately 5,100 SF and is zone CMX 2.5, allowing for flexible commercial and mixed-use opportunities. With 100% occupancy, the property provides immediate cash flow and long-term upside through rental growth and value-add potential. Positioned in a rapidly developing area with excellent visibility, public transportation access, and proximity to Temple University, Center City and surrounding neighborhoods, this asset is well-suited for investors seeking stable income in a core Philadelphia market.
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1824 RIDGE AVENUE Facts & Features
- Type Multi-Family
- Sq. ft. 5,100
- Price/Sq.ft. $186
- Lot 0.04 Acres
Details
General
Income/Expenses
- Existing Lease Type: Gross
- Gross Income: 77280.00
- Income Includes: Apartment Rentals,Professional Offices
- Net Operating Income: 67763.00
- Operating Expense Includes: Insurance
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Pool: No Pool
- Total SQFT: 5100
- Year Built: 2019
Location/Region
- Country: US
- County: PHILADELPHIA
- County Or Parish: PHILADELPHIA
- MLS Area Major: 19130 (19130)
- Subdivision Name: FRANCISVILLE
Parking Information
- Type of Parking: On Street
Tax Information
- County Tax Payment Frequency: Annually
- Tax Annual Amount: $4,506.00
- Tax Assessed Value: 321900.00
- Tax Year: 2026
General Information
- Property Condition: Excellent
- Property Sub Type: Other
- Property Type: Multi-Family
- Rent Control: No
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- Special Listing Conditions: Standard
- Vacation Rental: No
- Year Assessed: 2026
- Zoning: CMX2.5
Unit Information
- Other Units: Unit 1,Unit 2,Unit 4,Unit 3
Interior
Building Information
- Cooling Fuel: Electric
- Heating Fuel: Electric
Parking Information
- Garage: No
Building Exterior/Construction
- Structure Type: Interior Row/Townhouse
Building Interior
- Above Grade Finished Area: 5100
- Above Grade Finished Area Source: Estimated
- Above Grade Finished Area Units: Square Feet
- Below Grade Finished Area: 0
- Below Grade Finished Area Source: Assessor
- Below Grade Finished Area Units: Square Feet
- Central Air: Yes
- Hot Water: Electric
General Information
- Accessibility Features: 32+ wide Doors
- Appliances: Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer
- Cooling: Central A/C
- Fireplace: No
- Foundation Details: Block
- Living Area: 5100
- Living Area Source: Estimated
- Security Features: Intercom,Electric Alarm
- Window Features: Casement, Energy Efficient
Unit Information
- One Bedroom Units Count: 0
- Single Room Units Count: 0
- Three Bedroom Units Count: 0
- Two Bedroom Units Count: 3
Exterior
Lot Information
- Lot Dimensions Source: Assessor
- Lot Size Dimensions: 19.00 x 99.00
- Lot Size Source: Assessor
- Lot Size Square Feet: 1844.00
- Lot Size Units: Square Feet
- Water Source: Public
Waterfront/View
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Architectural Style: Contemporary
- Construction Materials: Block, Concrete, Combination
- Patio And Porch Features: Roof, Deck(s)
General Information
- Number Of Units Leased: 4
- Number Of Units Total: 4
- Other Structures: Above Grade,Below Grade
- Sewer: Public Sewer
- Water Access: No
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 0
- Baths Total: 1
Unit 4 Details
- Unit Type: Unit 2
- Beds Total: 2
- Baths Total: 2
Unit 3 Details
- Unit Type: Unit 3
- Beds Total: 2
- Baths Total: 2
Unit 2 Details
- Unit Type: Unit 4
- Baths Total: 2
1824 RIDGE AVENUE Neighborhood
Community
19130 (PHILADELPHIA) Demographics
33
Median Age
20,294
Population Density (per sq. mile)
78%
College Educated
$88,858
Estimated Median Income
5,631
Estimated Total Home Owners
8,800
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
1824 RIDGE AVENUE Monthly Cost
1824 RIDGE AVENUE Market Data
Based on the last 30 days in this zip code
$575,888
Average List Price
$399
Average Price per Square Foot
44
Properties Sold
86
Average Days on Market
157
Properties for Sale
1824 RIDGE AVENUE History
| Date | Value | Agent |
|---|---|---|
| 6/5/2026Source: BRIGHT MLS | $948,000 -3.3% |
|
| 4/29/2026Source: BRIGHT MLS | April 29, 2026 |
|
| 12/3/2024Source: BRIGHT MLS | August 10, 2021 |
|
| 12/3/2024Source: BRIGHT MLS | August 10, 2021 |
|
| 12/3/2024Source: BRIGHT MLS | August 10, 2021 |
Listing provided courtesy of Keller Williams Realty- MLS# PAPH2614322
Contact Information: [email protected] - 8563211212
Contact Information: [email protected] - 8563211212