1029 Ridge Avenue, Philadelphia, PA 19123

Building Details

Year Built

1903

Listing agent Richard Q Li

Listing office Liberty Real Estate

Listing date Mar 11, 2026

Source Deepcreeklake

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Overview

This completely renovated mixed-use building features six total units, with five residential units and one commercial unit located on the first floor. The renovation was completed a few years ago, and the first-floor commercial space is currently being used by the landlord. With the residential units already in place and leased, the property is set up to operate as a turn-key, income-producing building.

The property is located at 1029 Ridge Avenue in Philadelphia, Pennsylvania 19123. The seller’s remarks also indicate it is situated in the Chinatown area, where properties in the vicinity have historically shown the ability to appreciate unexpectedly.

For buyers seeking a ready-to-run operating setup, this configuration provides both residential tenancy and dedicated ground-floor commercial space under one roof. It may appeal to owner-operators who want to occupy the first-floor commercial unit while maintaining leased residential units on the same property. The combination of recent renovation and existing occupancy supports an immediate path toward continued operation and management.

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Law Firm Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Philadelphia

County

Delaware

State

Pennsylvania

Longitude

-75.155787

Latitude

39.959745

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FAQs

What type of property is this?

Apartment building - Renovated mixed-use building with five leased residential units and active first-floor commercial space.

Where is this apartment building located?

The property is located at 1029 Ridge Avenue Philadelphia, PA.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Completely renovated mixed‑use building (Year Built: 1903).; 5 residential units plus 1 commercial unit on the first floor.; First‑floor commercial space currently occupied by the landlord.