New Mixed-Use Triplex with
2405 RIDGE Avenue Philadelphia, PA 19121
For Sale
$999,999
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size5,000 SF
Lot Size0.03 Acres
Price / SF$199
Days on Market47
Property Features for 2405 RIDGE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking features
- On Street
- Standard status
- Active
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 685
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2025
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency:
Keller Williams Real Estate-Blue Bell
(215) 646-2900
Listed By:
Sharyn Soliman · License #RS330729
(267) 625-7568
Added: Jun 8
Changed: Jun 9
Last Checked: Jul 24 at 7:06AM
MLS# PAPH2631380
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This newly constructed mixed-use triplex includes three units arranged for both commercial and residential use. The ground floor features a retail storefront with a sleek, open-concept layout and large windows designed to bring in natural light. The second-floor unit is a two-bedroom, two-bath apartment with an open kitchen that includes white shaker cabinets, granite countertops, a full stainless steel appliance package, a tile backsplash, light wood-style flooring, recessed lighting, and oversized windows. A washer/dryer is included. The third and fourth floors are combined as an upper bi-level unit with four bedrooms and four full bathrooms, with each bedroom providing access to a private or dedicated bath. The open living and dining area connects to a modern kitchen, and a washer/dryer is included.
The property is located at 2405 Ridge Avenue in Philadelphia, in the Brewerytown area as described in the offering. The storefront is positioned for visibility and foot traffic along Ridge Avenue, supporting walk-in and street-facing business activity.
With commercial zoning noted for the property, the layout can support an owner-operator model or separate tenanting across the retail and residential components. The residential units provide modern finishes and in-unit laundry, while the ground-floor space offers flexibility for retail, office, or studio use.
The property is located at 2405 Ridge Avenue in Philadelphia, in the Brewerytown area as described in the offering. The storefront is positioned for visibility and foot traffic along Ridge Avenue, supporting walk-in and street-facing business activity.
With commercial zoning noted for the property, the layout can support an owner-operator model or separate tenanting across the retail and residential components. The residential units provide modern finishes and in-unit laundry, while the ground-floor space offers flexibility for retail, office, or studio use.
Key Highlights
- Newly constructed 3‑unit mixed‑use triplex in Brewerytown, built in 2025
- 5,000 SF masonry building with forced‑air heating and central air
- Ground‑floor commercial space with large windows; storefront currently listed for $2,500/month
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.0k | $25.80 |
| − Vacancy | −$7.1k | −$1.42 |
| EGI | $121.9k | $24.38 |
| − OpEx | −$36.6k | −$7.31 |
| NOI | $85.3k | $17.06 |
5,000 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,324 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$1.12M
$983.1K – $1.31M
NOI $78,648 @ 7.0% cap · market cap 7.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Newly built triplex combines ground-floor storefront with modern two- and four-bedroom residences for mixed-income flexibility.
Where is this triplex located?
The property is located at 2405 RIDGE Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Newly constructed 3‑unit mixed‑use triplex in Brewerytown, built in 2025; 5,000 SF masonry building with forced‑air heating and central air; Ground‑floor commercial space with large windows; storefront currently listed for $2,500/month
