Mixed-Use Income Property with Retail
For Sale
$2,680,000
1607 Ridge Avenue, Philadelphia, PA 19130
2021-built mixed-use property with seven self-contained residential units and a ground-floor fitness tenant.
Property SizeContact for details
Days on Market158
Property Features for 1607 Ridge Avenue
General Information
Standard status
Active
Property subtype
Multi-Family
Zoning
CMX-2.5
Additional Details
Business Included
Yes
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$2,142
Amenities
Central Air
3
CMX25
Parking.
On Street.
33.00 x 71.00
Building Details
Year Built
2021
Tenancy
Multi
Listing Agency:
BY Real Estate
(267) 534-3595
Listed By:
zhibin xu · License #RS346862
(917) 833-5337
Source:
Xome
Added: Apr 2
Changed: Sep 1
Last Checked: Sep 6 at 4:46AM
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 BY Real Estate
Investment Insights
Based on property information with market context.
This 2021-constructed mixed-use income property includes seven fully self-contained residential units and one ground-floor commercial space. Each residential unit has a full kitchen and a full bathroom, and the property is currently operated as a licensed short-term rental. The units are fully furnished and professionally maintained for continued operation.
The ground-floor commercial space is leased to a fitness tenant at $2,000 per month, and the term is described as having strong renewal potential. The property is zoned CMX-2.5 and benefits from a 10-year tax abatement beginning in 2026.
Located at 1607 Ridge Avenue in Philadelphia, the configuration supports both residential short-term rental operations and a stabilized commercial tenant while the tax abatement remains in effect. Buyer to verify all uses and income.
The ground-floor commercial space is leased to a fitness tenant at $2,000 per month, and the term is described as having strong renewal potential. The property is zoned CMX-2.5 and benefits from a 10-year tax abatement beginning in 2026.
Located at 1607 Ridge Avenue in Philadelphia, the configuration supports both residential short-term rental operations and a stabilized commercial tenant while the tax abatement remains in effect. Buyer to verify all uses and income.
Key Highlights
- 2021‑built mixed‑use property with seven self‑contained residential units plus 1 ground‑floor commercial space
- Residential unit mix: 4 one‑bedroom/1‑bath, 2 two‑bedroom/1‑bath, and 1 two‑bedroom/2‑bath unit
- Ground‑floor fitness tenant is leased at $2,000/month with renewal potential
Property Analytics
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,682
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - 2021-built mixed-use property with seven self-contained residential units and a ground-floor fitness tenant.
Where is this short term rental property located?
The property is located at 1607 Ridge Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,680,000.
What are key features of this property?
This property features: 2021‑built mixed‑use property with seven self‑contained residential units plus 1 ground‑floor commercial space; Residential unit mix: 4 one‑bedroom/1‑bath, 2 two‑bedroom/1‑bath, and 1 two‑bedroom/2‑bath unit; Ground‑floor fitness tenant is leased at $2,000/month with renewal potential
