1824 Ridge Avenue Philadelphia, PA $ 980,000
1824 Ridge Avenue
$ 980,000
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1824 Ridge Avenue

Philadelphia, PA, 19130
$ 980,000
Bedrooms6 Baths0.0

Monthly Estimate*

$ 6,034

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Multi-Family Home for sale in Philadelphia, PA

for $980,000 with 6 bedrooms. This home was built in 2019 on a lot size of 0.04.

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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Multi-Family Active

Price

$ 980,000

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 4,506

Style

Contemporary

Lot Size

0.04

Year Built

2019

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2614322

Features
General
Living Area 5100
Sewer Public Sewer
Heating 90% Forced Air
Cooling Central A/C
Possession 0-30 Days CD Immediate
Appliances Dishwasher Disposal Dryer - Electric Microwave Oven/Range - Electric Refrigerator Washer
Zoning CMX2.5
Patio/Porch Features Roof Deck(s)
Architectural Style Contemporary
Security Features Intercom Electric Alarm
Construction Materials Block Concrete Combination
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Year Built 2019
Property Subtype Other
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Gross Income 77280.00
Accessibility 32 + wide Doors
County PHILADELPHIA
Net Operating Income 67763.00
New Construction N
Property Type Multi-Family
Subdivision Name FRANCISVILLE
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Ridge ave and Girard ave
City PHILADELPHIA
Number Of Units Total 4
MLS Area 19130 (19130)
Lot Size Units Square Feet
Lot Size Square Feet 1844.00
Number of Units Leased 4
Tax Annual Amount 4506.0
Property Condition Excellent
Two Bedroom 3
Structure Type Interior Row/Townhouse
Price Per Sq Ft Total AG 192.16
Acceptable Financing Cash Conventional Exchange FHA
Rent Control Y/N N
Vacation Rental Y/N N
Lease Type Gross
Standard Status Active
Year Built Source Estimated
Tax Lot 108
Total Actual Rent 77280.00
Cap Rate 7.00
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Interior
Heating Fuel Electric
Basement Fully Finished Heated
Hot Water Electric
Basement (Y/N) Y
Heating Y/N Y
Window Features Casement Energy Efficient
Fireplace Y/N N
Central Air Y/N Y
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Exterior
Pool No Pool
Water Source Public
Type of Parking On Street
Foundation Details Block
Water View Y/N N
Lot Dimensions 19.00 x 99.00
Lot Size Acres 0.04
Lot Size Source Assessor
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1824
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* Excluded Features
List By
Keller Williams Realty

Broker

andrewcheng@kw.com

Email

Affordability Calculator

$6,410
Per Month
94%
6%
0%
Monthly Principal & Interest
$6,034
Monthly Property Taxes
$376
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
3533249 Elementary School
3533189 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/30/2026$980,000 Listed Price

Map


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1824 Ridge Avenue, Philadelphia, PA, 19130 is a Multi-Family Home for sale at $980,000 with a lot size of 0.04. 1824 Ridge Avenue has 6 bedrooms, 0.0 baths, and was built in 2019. The property's zip code is 19130 which is in Philadelphia, PA