1607 Ridge Avenue Philadelphia, PA 19130

Building Details

Year Built

2021

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Added: Mar 27 Updated: Jul 21 at 12:11AM Checked: Jul 21 at 3:14AM

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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.

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

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FAQs

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