3-Unit Mixed-Use
For Sale
$999,999
2405 RIDGE Avenue, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size5,000 SF
Lot Size0.03 Acres
Price / SF$199
Days on Market132
Property Features for 2405 RIDGE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Property condition
Under Construction
Parking features
On Street
Subdivision
BREWERYTOWN
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
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 · Keller Williams Realty
(215) 646-2900
Listed By:
Sharyn Soliman · License #RS330729
(267) 625-7568
Added: Jun 8
Changed: Oct 8
Last Checked: Oct 17 at 11:06PM
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.
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Investment Insights
Based on property information with market context.
The 5,000-square-foot, three-unit property combines ground-floor commercial space with two upper-level apartments. The commercial area has an open layout and large windows; retail, office, and studio uses are identified for the space. The second-floor apartment has two bedrooms and two bathrooms, along with an open kitchen, stainless steel appliances, in-unit washer and dryer, and recessed lighting. A bi-level apartment across the third and fourth floors contains four bedrooms and four full bathrooms, plus an open living and dining area, modern kitchen, and washer and dryer.
Located at 2405 Ridge Avenue in Philadelphia, the property has commercial zoning. The lot measures 0.0304 acres. Masonry construction, forced-air heating, and central air are listed. Year built is 2025, and the property condition is under construction.
Located at 2405 Ridge Avenue in Philadelphia, the property has commercial zoning. The lot measures 0.0304 acres. Masonry construction, forced-air heating, and central air are listed. Year built is 2025, and the property condition is under construction.
Key Highlights
- Three units: one ground‑floor commercial space and two apartments
- 5,000‑square‑foot building on a 0.0304‑acre lot
- Second‑floor apartment has 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,324
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,706,480
$1.7M
Cap Rate 7%
$1,218,914
$1.2M
Cap Rate 9%
$948,044
$948.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$129.0K $25.80/SF
− Vacancy
−$7.1K −$1.42/SF
EGI
$121.9K $24.38/SF
− OpEx
−$36.6K −$7.31/SF
NOI
$85.3K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,706,480
Cap Rate 7%
$1,218,914
Cap Rate 9%
$948,044
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 authorities.
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Open Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,535
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a ground-level commercial space and two apartments with distinct layouts.
Where is this mixed-use property 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: Three units: one ground‑floor commercial space and two apartments; 5,000‑square‑foot building on a 0.0304‑acre lot; Second‑floor apartment has 2 bedrooms and 2 bathrooms
