Renovated
For Sale
$599,900
Pending
3207 RIDGE AVENUE, Philadelphia, PA 19132
Renovated residential income property near Fairmount Park.
Property Size3,338 SF
Days on Market53
Property Features for 3207 RIDGE AVENUE
General Information
Standard status
Pending
Size
3,338 SF
Property subtype
Quadruplex
Units
Unit Mix
3 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Additional Details
Road Access
Yes
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Compass Pennsylvania, LLC
(267) 435-8015
Listed By:
Scott C Frith · License #RS342476
(215) 738-5737
Source:
Cummingsrealtors
Added: Aug 26
Changed: Oct 16
Last Checked: Oct 16 at 9:17AM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This four-unit residential property at 3207 Ridge Avenue was built in 1915 and has undergone a full renovation. The unit mix includes three two-bedroom, one-bath residences and one one-bedroom, one-bath residence. Unit sizes range from 689 to 914 square feet, with individual layouts of 835, 900, 914, and 689 square feet.
Units 1 and 2 are leased through April 30, 2027, and July 31, 2027, respectively. Unit 3 is occupied on a month-to-month basis, while Unit 4 is vacant. The property is located around the corner from Fairmount Park in Philadelphia, Pennsylvania.
Units 1 and 2 are leased through April 30, 2027, and July 31, 2027, respectively. Unit 3 is occupied on a month-to-month basis, while Unit 4 is vacant. The property is located around the corner from Fairmount Park in Philadelphia, Pennsylvania.
Key Highlights
- Four‑unit quadplex at 3207 Ridge Avenue, Philadelphia, PA 19132
- Built in 1915 and fully renovated
- Three 2BR/1BA units and one 1BR/1BA unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,505
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,050,100
$1.1M
Cap Rate 7%
$750,071
$750.1K
Cap Rate 9%
$583,389
$583.4K
Market Conditions
NOI Build-Up for 3,338 SF
Gross rent
$101.3K $30.36/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$95.5K $28.60/SF
− OpEx
−$43.0K −$12.87/SF
NOI
$52.5K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,050,100
Cap Rate 7%
$750,071
Cap Rate 9%
$583,389
Alternative Uses
Best Use
Multifamily LT 5
$813.8K
$712.0K – $949.4K
NOI $56,963 @ 7.0% cap · market cap 9.50%
Second Best
Apartment 5plus
$750.1K
$656.3K – $875.1K
NOI $52,505 @ 7.0% cap · market cap 8.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Explore this area
Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
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?
Quadplex - Renovated residential income property near Fairmount Park.
Where is this quadplex located?
The property is located at 3207 RIDGE AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Four‑unit quadplex at 3207 Ridge Avenue, Philadelphia, PA 19132; Built in 1915 and fully renovated; Three 2BR/1BA units and one 1BR/1BA unit
