2405 RIDGE Avenue, Philadelphia, PA 19121
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 3:06 am
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 agent Sharyn Soliman License #RS330729 (267) 625-7568
Listing office Keller Williams Real Estate-Blue Bell 910 Harvest Drive unit: 100, Blue Bell, PA (215) 646-2900
Listing date Jun 8, 2026
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.
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
- Second‑floor 2BD/2BA apartment with in‑unit washer/dryer; listed for $1,700/month
- Third- and fourth‑floor bi‑level unit with 4 bedrooms and 4 full bathrooms; washer/dryer included and listed for $2,500/month
- Property zoned commercial
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.174011
- Latitude
- 39.981998