Fully Occupied Mixed-Use
For Sale
$2,500,000
4225-4237 RIDGE AVENUE, Philadelphia, PA 19129
Fully occupied asset combining residential apartments with commercial space.
Property Size10,491 SF
Days on Market50
Property Features for 4225-4237 RIDGE AVENUE
General Information
Standard status
Active
Size
10,491 SF
Property subtype
MixedUse
Occupancy
100%
Site & Location
Neighborhood
North Philadelphia
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$252,000
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$11,531
Building Details
Building Size
10,491 SF
Year Built
1939
Buildings
1
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Adam Finestone · License #RS330731
(215) 850-0933
Source:
Lizclarkrealestate
Added: Sep 17
Changed: Oct 31
Last Checked: Nov 4 at 10:38PM
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 mixed-use property at 4225-4237 Ridge Avenue comprises 10 residential apartments and 5 commercial spaces within a 10,491-square-foot building. Constructed in 1939, the asset contains 15 income-producing units and is reported to be 100% occupied, providing a diversified residential and commercial configuration.
The property is situated in Philadelphia’s East Falls section along Ridge Avenue, with access to neighborhood shops, restaurants, businesses, and other amenities. The location also offers connectivity to Center City, Kelly Drive, major highways, public transportation, nearby universities, and employment centers. Its combination of apartment and commercial occupancy creates multiple tenant components within one building.
The property is situated in Philadelphia’s East Falls section along Ridge Avenue, with access to neighborhood shops, restaurants, businesses, and other amenities. The location also offers connectivity to Center City, Kelly Drive, major highways, public transportation, nearby universities, and employment centers. Its combination of apartment and commercial occupancy creates multiple tenant components within one building.
Key Highlights
- 10 residential apartment units and 5 commercial spaces
- 100% occupied with 15 total income‑producing units
- 10,491‑square‑foot mixed‑use building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,018
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,300,360
$3.3M
Cap Rate 7%
$2,357,400
$2.4M
Cap Rate 9%
$1,833,533
$1.8M
Market Conditions
NOI Build-Up for 10,491 SF
Gross rent
$318.5K $30.36/SF
− Vacancy
−$18.5K −$1.76/SF
EGI
$300.0K $28.60/SF
− OpEx
−$135.0K −$12.87/SF
NOI
$165.0K $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%
$3,300,360
Cap Rate 7%
$2,357,400
Cap Rate 9%
$1,833,533
Alternative Uses
Best Use
Apartment 5plus
$2.36M
$2.06M – $2.75M
NOI $165,018 @ 7.0% cap · market cap 6.60%
Second Best
Mixed Use
$1.78M
$1.56M – $2.08M
NOI $124,633 @ 7.0% cap · market cap 4.99%
Theoretical Best
Multifamily LT 5
$2.56M
$2.24M – $2.98M
NOI $179,028 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
10
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 19129, PA
11,437
Population
6,228
Households
1.8
Avg Household Size
35
Median Age
60%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
5,446
Density / Sq Mi
$77,225
Median Household Income
$58,576
Median Earnings
$1,471
Median Rent
$297,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied asset combining residential apartments with commercial space.
Where is this mixed-use property located?
The property is located at 4225-4237 RIDGE AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10 residential apartment units and 5 commercial spaces; 100% occupied with 15 total income‑producing units; 10,491‑square‑foot mixed‑use building
