Mixed-Use Triplex with Ground-Floor
2405 Ridge Avenue, Philadelphia, PA 19121
New construction mixed-use triplex with ground-floor commercial space and two residential units featuring in-unit laundry.
Type:Commercial
Property size:
5,000 SFPrice / SF:
$199/SF- Added:
- Mar 19, 2025
- Days on Market:
- 464
- Last Refresh:
- Jun 22 at 1:55 am
Property Features for 2405 Ridge Avenue
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing office Keller Williams Real Estate-Blue Bell
Listing date Mar 19, 2025
Source Deepcreeklake
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Real Estate-Blue Bell
HighLights
- New construction mixed‑use triplex built in 2025 totaling 5,000 SF
- Ground‑floor commercial space with an open‑concept layout and large windows; storefront listed at $2,500/month
- Second‑floor 2 bed/2 bath apartment with in‑unit washer/dryer and stainless appliance package; listed at $1,700/month
- Open kitchen with white shaker cabinets, granite countertops, and tile backsplash in the 2nd‑floor unit
- Third/fourth‑floor bi‑level unit with 4 bedrooms and 4 full bathrooms plus a washer/dryer; listed at $2,500/month
Overview
This newly constructed mixed-use triplex consists of three units with contemporary finishes and flexible layouts. The ground-floor commercial space features a sleek, open-concept interior with large windows and a clean modern buildout suitable for retail, office, or studio use. The second-floor residence is a two-bedroom, two-bath apartment with an open kitchen, white shaker cabinets, granite countertops, a full stainless steel appliance package, and a tile backsplash. Light wood-style flooring, recessed lighting, and oversized windows carry through the living areas, and the unit includes a washer/dryer.
Located at 2405 Ridge Avenue in the Brewerytown neighborhood, the storefront benefits from high visibility and foot traffic along Ridge Avenue. The upper-level configuration spans the third and fourth floors, creating a bi-level layout.
The third- and fourth-floor unit offers four bedrooms and four full bathrooms, with each bedroom providing access to a private or dedicated bathroom. The open living and dining area flows into a modern kitchen with high-end finishes, and a washer/dryer is included. The property presents a practical live-and-work setup for tenants who want dedicated residential space alongside a street-level commercial storefront currently marketed at $2,500 per month, with the second-floor and upper bi-level residences currently marketed at $1,700 and $2,500 per month, respectively.
Located at 2405 Ridge Avenue in the Brewerytown neighborhood, the storefront benefits from high visibility and foot traffic along Ridge Avenue. The upper-level configuration spans the third and fourth floors, creating a bi-level layout.
The third- and fourth-floor unit offers four bedrooms and four full bathrooms, with each bedroom providing access to a private or dedicated bathroom. The open living and dining area flows into a modern kitchen with high-end finishes, and a washer/dryer is included. The property presents a practical live-and-work setup for tenants who want dedicated residential space alongside a street-level commercial storefront currently marketed at $2,500 per month, with the second-floor and upper bi-level residences currently marketed at $1,700 and $2,500 per month, respectively.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.0k | $25.80 |
| − Vacancy | −$7.1k | −$1.42 |
| EGI | $121.9k | $24.38 |
| − OpEx | −$36.6k | −$7.31 |
| NOI | $85.3k | $17.06 |
5,000 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,324 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$1.12M
$983.1K – $1.31M
NOI $78,648 @ 7.0% cap · market cap 7.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.17399
- Latitude
- 39.981953
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - New construction mixed-use triplex with ground-floor commercial space and two residential units featuring in-unit laundry.
Where is this triplex located?
The property is located at 2405 Ridge Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: New construction mixed‑use triplex built in 2025 totaling 5,000 SF; Ground‑floor commercial space with an open‑concept layout and large windows; storefront listed at $2,500/month; Second‑floor 2 bed/2 bath apartment with in‑unit washer/dryer and stainless appliance package; listed at $1,700/month
