Mixed-Use Income
For Sale
$749,900
Pending
2938 RIDGE PIKE, Eagleville, PA 19403
Two-building mixed-use property with six total income units, including one street-facing commercial space and five residential apartments.
Property Size5,276 SF
Days on Market101
Property Features for 2938 RIDGE PIKE
General Information
Standard status
Pending
Size
5,276 SF
Property subtype
Commercial
Building Details
Year Built
1972
Listing Agency:
Springer Realty Group
(484) 498-4000
Listed By:
Kelly L Stipa · License #RS226297L
(267) 249-9000
Source:
Cummingsrealtors
Added: Jul 13
Changed: Oct 19
Last Checked: Oct 20 at 9:52PM
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 Springer Realty Group
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Investment Insights
Based on property information with market context.
This mixed-use, two-building property includes six income-producing units across two separate tax parcels: one commercial space and five residential apartments. The residential unit mix consists of one three-bedroom apartment, one one-bedroom apartment, two two-bedroom apartments, and two efficiency/studio apartments.
The commercial space is currently vacant and has visibility along Ridge Pike. Several tenants have occupied the property for many years, and the roof is approximately eight years old and has been well maintained. Tenants pay their own electric, gas, and heat; the owner pays water, sewer, trash, and real estate taxes.
The property is being sold in as-is condition. Current monthly rental income totals $7,100, and the owner reports the commercial space normally rents for $1,500 monthly.
The commercial space is currently vacant and has visibility along Ridge Pike. Several tenants have occupied the property for many years, and the roof is approximately eight years old and has been well maintained. Tenants pay their own electric, gas, and heat; the owner pays water, sewer, trash, and real estate taxes.
The property is being sold in as-is condition. Current monthly rental income totals $7,100, and the owner reports the commercial space normally rents for $1,500 monthly.
Key Highlights
- Mixed‑use, two‑building property with 6 total income units: 1 commercial space and 5 residential apartments.
- Residential unit mix: one 3‑bedroom, one 1‑bedroom, two 2‑bedroom, and two efficiency/studio apartments.
- Current monthly rental income is $7,100 ($85,200 annually).
Property Analytics
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Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
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Business Placement
Demographics for 19403, PA
43,734
Population
19,720
Households
2.2
Avg Household Size
45
Median Age
48%
College-Educated
96%
High-School Grad
22.4 sq mi
ZIP Area
1,952
Density / Sq Mi
$101,996
Median Household Income
$59,809
Median Earnings
$1,640
Median Rent
$355,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-building mixed-use property with six total income units, including one street-facing commercial space and five residential apartments.
Where is this apartment building located?
The property is located at 2938 RIDGE PIKE Eagleville, PA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Mixed‑use, two‑building property with 6 total income units: 1 commercial space and 5 residential apartments.; Residential unit mix: one 3‑bedroom, one 1‑bedroom, two 2‑bedroom, and two efficiency/studio apartments.; Current monthly rental income is $7,100 ($85,200 annually).
