8-Unit Apartment Building with Commercial
For Sale
$2,600,000
154042 Ridge Avenue, Philadelphia, PA 19130
Eight one-bedroom residences offer in-unit laundry, quartz countertops, and access to an elevator building.
Property Size10,500 SF
Price / SF$247.62
Days on Market321
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Property Features for 154042 Ridge Avenue
General Information
Standard status
Active
Size
10,500 SF
Elevators
Yes
Property subtype
Multi-family
Occupancy
100%
Lease Term
[]
Units
Unit Mix
8 x 1BR
Multifamily Units
8
Additional Details
Public Transit
Yes
Amenities
private roof deck access
stainless steel appliances
washer and dryer
quartz countertops
Building Details
Year Built
2019
Tenancy
Multi
Listing Agency:
Howard Hanna Real Estate Services
Listed By:
Haralabos Kiziroglou · License #RS337549
(267) 353-4123
Source:
Deepcreeklake
Added: Nov 28, 2025
Changed: Oct 15
Last Checked: Oct 14 at 11:05PM
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 Howard Hanna Real Estate Services
Investment Insights
Based on property information with market context.
Built in 2019, this 10,500-square-foot apartment building contains eight one-bedroom residences and two ground-floor commercial spaces. Two of the apartments are penthouse units with private roof deck access. Residential finishes include stainless steel appliances, quartz countertops, and a washer and dryer in every unit, while an elevator serves the building.
The property is located in Philadelphia’s Francisville neighborhood, within walking distance of SEPTA’s Girard/Broad St Station, The Met Philadelphia, restaurants, coffee shops, gyms, and other retailers. Center City and Temple University are also identified as nearby renter-demand drivers. The building is described as 100% stabilized and benefits from a tax abatement with 4+ years remaining.
The property is located in Philadelphia’s Francisville neighborhood, within walking distance of SEPTA’s Girard/Broad St Station, The Met Philadelphia, restaurants, coffee shops, gyms, and other retailers. Center City and Temple University are also identified as nearby renter-demand drivers. The building is described as 100% stabilized and benefits from a tax abatement with 4+ years remaining.
Key Highlights
- Eight one‑bedroom apartments plus 2 ground‑floor commercial spaces
- Two penthouse apartments include private roof deck access
- 10,500 square feet; built in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,160
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,303,200
$3.3M
Cap Rate 7%
$2,359,429
$2.4M
Cap Rate 9%
$1,835,111
$1.8M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$318.8K $30.36/SF
− Vacancy
−$18.5K −$1.76/SF
EGI
$300.3K $28.60/SF
− OpEx
−$135.1K −$12.87/SF
NOI
$165.2K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,303,200
Cap Rate 7%
$2,359,429
Cap Rate 9%
$1,835,111
Alternative Uses
Best Use
Apartment 5plus
$2.36M
$2.06M – $2.75M
NOI $165,160 @ 7.0% cap · market cap 6.35%
Second Best
Mixed Use
$1.78M
$1.56M – $2.08M
NOI $124,740 @ 7.0% cap · market cap 4.80%
Theoretical Best
Multifamily LT 5
$2.56M
$2.24M – $2.99M
NOI $179,181 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight one-bedroom residences offer in-unit laundry, quartz countertops, and access to an elevator building.
Where is this apartment building located?
The property is located at 154042 Ridge Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Eight one‑bedroom apartments plus 2 ground‑floor commercial spaces; Two penthouse apartments include private roof deck access; 10,500 square feet; built in 2019
