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    New Mixed-Use Triplex with Retail Title is generated by Realmo AI

    2405 RIDGE Avenue, Philadelphia, PA 19121

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    Claim this Listing
    New
    For Sale
    $999,999

    MULTI_FAMILY - Other - PHILADELPHIA, PA

    Property size:
    5,000 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $199/SF
    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

    We can help!

    Listing Contact
    Sharyn Soliman

    Listing agent Sharyn Soliman License #RS330729

    Listing office Keller Williams Real Estate-Blue Bell 910 Harvest Drive unit: 100, Blue Bell, PA

    Listing date Jun 8, 2026

    MLS# PAPH2631380 Listing URL

    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

    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.

    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
    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 (±1% cap)
    NOI $85,324 @ 7.0% cap · market cap 8.53%
    Second Best
    Apartment 5plus
    $1.12M
    $983.1K – $1.31M (±1% cap)
    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 Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.174011
    Latitude
    39.981998

    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
    More about this property
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