Mixed-Use Property with
New
For Sale
$950,000
1642-44 RIDGE AVENUE, Philadelphia, PA 19130
Two-level property combines commercial space, a residential unit, rear access, and dedicated off-street parking.
Property Size5,528 SF
Lot Size0.09 Acres
Price / SF$172.10
Days on Market4
Property Features for 1642-44 RIDGE AVENUE
General Information
Standard status
Active
Size
5,528 SF
Total Parking Spaces
1
Lot size
0.09 Acres
Property subtype
MixedUse
Additional Details
Asking Price
$950,000
Taxes and HOA fees
Annual Taxes
$8,576
Building Details
Building Size
5,528 SF
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
RE/MAX Access
Listed By:
Marta I Roman · License #AB066745
(267) 249-5865
Source:
Patmckennarealtors
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 13 at 3:02PM
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 RE/MAX Access
Investment Insights
Based on property information with market context.
This 1920 mixed-use property contains one commercial unit and one residential unit, with approximately 5,520 square feet of above-ground finished space. The first floor provides approximately 4,000 square feet of commercial area and includes a bathroom. An unusually large full basement offers additional usable space with ceiling heights of approximately 8 to 8.5 feet. The second-floor residence includes three bedrooms, one full bathroom, a living room with hardwood floors and a wood-burning fireplace, and an updated eat-in kitchen with extensive cabinetry.
The property occupies an approximately 40' x 99' lot along the Ridge Avenue corridor in Francisville, Philadelphia. Rear access and a dedicated parking space provide practical support for the mixed-use configuration. The existing layout places commercial and residential components within the same building, with the residence currently owner-occupied.
The property occupies an approximately 40' x 99' lot along the Ridge Avenue corridor in Francisville, Philadelphia. Rear access and a dedicated parking space provide practical support for the mixed-use configuration. The existing layout places commercial and residential components within the same building, with the residence currently owner-occupied.
Key Highlights
- Approximately 5,520 square feet of above‑ground finished space
- First‑floor commercial area of approximately 4,000 square feet with a bathroom
- Full basement with approximately 8 to 8.5‑foot ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,578
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,311,560
$1.3M
Cap Rate 7%
$936,829
$936.8K
Cap Rate 9%
$728,644
$728.6K
Market Conditions
NOI Build-Up for 5,520 SF
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.
Gross rent
$119.2K $21.60/SF
− Vacancy
−$14.3K −$2.59/SF
EGI
$104.9K $19.01/SF
− OpEx
−$39.3K −$7.13/SF
NOI
$65.6K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,311,560
Cap Rate 7%
$936,829
Cap Rate 9%
$728,644
Alternative Uses
Best Use
Mixed Use
$936.8K
$819.7K – $1.09M
NOI $65,578 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.35M
$1.18M – $1.57M
NOI $94,198 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,748
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines commercial space, a residential unit, rear access, and dedicated off-street parking.
Where is this mixed-use property located?
The property is located at 1642-44 RIDGE AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approximately 5,520 square feet of above‑ground finished space; First‑floor commercial area of approximately 4,000 square feet with a bathroom; Full basement with approximately 8 to 8.5‑foot ceiling heights
