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Renovated Duplex in Philadelphia

2630 Ridge Avenue, Philadelphia, PA 19121

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For Sale

$450,000

Turnkey duplex with modern finishes, ideal for passive income.

Type:Multi-Family / Fee Simple

Property size:

1,872 SF

Price / SF:

$240/SF

HighLights

Completely renovated in 2023
Turnkey passive income opportunity with one unit already rented
Second unit is vacant, allowing immediate occupancy or tenant selection
Each unit has 2 bedrooms
Modern finishes and sleek designs by Karbon Architects
Located in a blossoming area with new construction and condo developments

We can help!

Listing Contact

Stefan H Schecter

Learn more

For Sale

$450,000

Turnkey duplex with modern finishes, ideal for passive income.

Type:Multi-Family / Fee Simple

Property size:

1,872 SF

Price / SF:

$240/SF

Added:: Nov 17, 2025
Days on Market:: 209
Last Refresh:: Mar 13 at 9:48 am

Property Features for 2630 Ridge Avenue

General Information

Standard status: Active
Size: 1,872 SF
Property subtype: Multi-Family / Fee Simple

Building Details

Year Built: 1915

We can help!

Listing Contact

Stefan H Schecter

Listing agent Stefan H Schecter License #RS361135

Listing office City & Suburban Real Estate

Listing date Nov 17, 2025

Source Compass

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 City & Suburban Real Estate

HighLights

Completely renovated in 2023
Turnkey passive income opportunity with one unit already rented
Second unit is vacant, allowing immediate occupancy or tenant selection
Each unit has 2 bedrooms
Modern finishes and sleek designs by Karbon Architects
Located in a blossoming area with new construction and condo developments

Overview

This duplex, located in Philadelphia, was completely renovated in 2023. It offers a turnkey opportunity for passive income, with one unit currently rented and the other vacant. The property is situated in an area experiencing growth, with new construction and condo developments nearby. Designed by Karbon Architects, the duplex features modern finishes and sleek designs. Each unit includes two bedrooms. One unit is a full 2-bedroom, 2-bathroom layout, while the other is a 2-bedroom, 1.5-bathroom layout. The property size is 1872 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$48.3k	$25.80
− Vacancy	−$2.7k	−$1.42
EGI	$45.6k	$24.38
− OpEx	−$13.7k	−$7.31
NOI	$31.9k	$17.06

1,872 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$456.4K

$399.3K – $532.4K (±1% cap)

NOI $31,945 @ 7.0% cap · market cap 7.10%

Second Best

Apartment 5plus

$420.7K

$368.1K – $490.8K (±1% cap)

NOI $29,446 @ 7.0% cap · market cap 6.54%

Theoretical Best

—

same as Best Use

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

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.17742
Latitude: 39.98401

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For sale
Duplexes
PA
Philadelphia
19121
2630 Ridge Avenue

What type of property is this?

Duplex - Turnkey duplex with modern finishes, ideal for passive income.

Where is this duplex located?

The property is located at 2630 Ridge Avenue Philadelphia, PA.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Completely renovated in 2023; Turnkey passive income opportunity with one unit already rented; Second unit is vacant, allowing immediate occupancy or tenant selection