Mixed-Use Property with
New
For Sale
$950,000
1642 1642-44 Ridge Ave, Philadelphia, PA 19130
Two-level building combines commercial space, an owner-occupied residence, rear access, and dedicated off-street parking.
Property Size5,528 SF
Price / SF$171.85
Days on Market2
Property Features for 1642 1642-44 Ridge Ave
General Information
Standard status
Active
Size
5,528 SF
Total Parking Spaces
1
Additional Details
Asking Price
$950,000
Amenities
bathroom
rear access
Building Details
Year Built
1920
Buildings
1
Listing Agency:
RE/MAX Access
Listed By:
Marta I Roman · License #AB066745
(267) 249-5865
Source:
Upgradebymichaud
Added: Sep 19
Last Checked: Sep 19 at 2:41PM
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 mixed-use property at 1642-44 Ridge Avenue includes approximately 4,000 square feet of first-floor commercial space with a bathroom, plus a full basement with ceiling heights of approximately 8 to 8.5 feet. The upper level is a residential unit with 3 bedrooms, 1 full bathroom, a large living room with hardwood floors and a wood-burning fireplace, and an updated oversized eat-in kitchen with abundant cabinetry.
The property occupies an approximately 40' x 99' lot along the Ridge Avenue corridor in Francisville. Rear access and a dedicated parking space are included. Built in 1920, the building is identified in public records as mixed use with one commercial unit and one residential unit. Square footage, zoning, permitted uses, and required approvals are subject to independent verification.
The property occupies an approximately 40' x 99' lot along the Ridge Avenue corridor in Francisville. Rear access and a dedicated parking space are included. Built in 1920, the building is identified in public records as mixed use with one commercial unit and one residential unit. Square footage, zoning, permitted uses, and required approvals are subject to independent verification.
Key Highlights
- Approximately 4,000 square feet of first‑floor commercial space
- Full basement with approximately 8 to 8.5‑foot ceiling heights
- Second‑floor residence with 3 bedrooms and 1 full bathroom
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
$65,673
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
6.91%
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%
$1,313,460
$1.3M
Cap Rate 7%
$938,186
$938.2K
Cap Rate 9%
$729,700
$729.7K
Market Conditions
NOI Build-Up for 5,528 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
$119.4K $21.60/SF
− Vacancy
−$14.3K −$2.59/SF
EGI
$105.1K $19.01/SF
− OpEx
−$39.4K −$7.13/SF
NOI
$65.7K $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%
$1,313,460
Cap Rate 7%
$938,186
Cap Rate 9%
$729,700
Alternative Uses
Best Use
Mixed Use
$938.2K
$820.9K – $1.09M
NOI $65,673 @ 7.0% cap · market cap 6.91%
Second Best
Retail
$892.6K
$781.0K – $1.04M
NOI $62,479 @ 7.0% cap · market cap 6.58%
Theoretical Best
Multifamily LT 5
$1.35M
$1.18M – $1.57M
NOI $94,335 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,748
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 30%
Home Improvements & Furnishings 3%
Electronics 2%
KFC
Dining
32,572 visits/mo
0.4 miles
Sunoco
Shops & Services
14,890 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,196 visits/mo
0.4 miles
Applebee's
Dining
8,592 visits/mo
0.5 miles
Pep Boys Auto Parts & Service
Shops & Services
4,622 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level building combines commercial space, an owner-occupied residence, rear access, and dedicated off-street parking.
Where is this mixed-use property located?
The property is located at 1642 1642-44 Ridge Ave 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 4,000 square feet of first‑floor commercial space; Full basement with approximately 8 to 8.5‑foot ceiling heights; Second‑floor residence with 3 bedrooms and 1 full bathroom
