Renovated Mixed-Use
5164 Ridge Avenue Philadelphia, PA 19128
5164 Ridge Avenue, Philadelphia, PA, 19128
$1,390,000
For Sale
$1,390,000
Updated building combines two ground-floor commercial spaces with three residential units, each with full kitchens and baths.
Property Size5,484 SF
Price / SF$253.46
Days on Market52
Property Features for 5164 Ridge Avenue
General Information
- Standard status
- Active
- Size
- 5,484 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1877
Listing agency
Victory Real Estate, LLC
(215) 709-6699
Listed by
Leron K Grossman · License #RM423874
(215) 709-6699
Source
Compass
Added: Jun 1 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 8:30AM
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 Victory Real Estate, LLC
Investment Insights
Based on property information with market context.
This extensively updated historical mixed-use building offers flexible ground-floor commercial space and fully appointed residential units above. On the ground level, there are two commercial spaces that can be combined into a single larger unit, each with a separate entrance on Ridge Avenue and Vassar Street. Both commercial sides include a kitchen and bathroom, and the Ridge Avenue space also features an additional room suited for a private office or large storage.
The second floor is accessed via a separate residential entrance and foyer and provides two one-bedroom, one-bath units. One of the second-floor units includes a den, offering an additional room that can function as a home office. The top floor features a spacious unit with four bedrooms, two bathrooms, and formal living and dining areas. All units are equipped with full kitchens and stainless steel appliances, following renovations completed in 2023.
Located at 5164 Ridge Avenue in Philadelphia’s Roxborough area, the property is described as within short walking distance of the shops, restaurants, and bars along Main Street Manayunk and Ridge Avenue, with a short drive to Center City, the Main Line, and East Falls. The configuration supports tenants seeking dedicated commercial access below while maintaining separate residential entries for the upstairs units.
The second floor is accessed via a separate residential entrance and foyer and provides two one-bedroom, one-bath units. One of the second-floor units includes a den, offering an additional room that can function as a home office. The top floor features a spacious unit with four bedrooms, two bathrooms, and formal living and dining areas. All units are equipped with full kitchens and stainless steel appliances, following renovations completed in 2023.
Located at 5164 Ridge Avenue in Philadelphia’s Roxborough area, the property is described as within short walking distance of the shops, restaurants, and bars along Main Street Manayunk and Ridge Avenue, with a short drive to Center City, the Main Line, and East Falls. The configuration supports tenants seeking dedicated commercial access below while maintaining separate residential entries for the upstairs units.
Key Highlights
- Updated historical property (built 1877) with two ground‑floor commercial spaces and separate entrances on Ridge Ave and Vassar St.
- Ground floor includes two kitchens and two bathrooms across the commercial spaces; Ridge Ave unit has an additional room for private office or large storage.
- Second floor accessed via separate residential entrance and foyer: two 1‑bedroom/1‑bath residential units (one with a den).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.5k | $25.80 |
| − Vacancy | −$7.8k | −$1.42 |
| EGI | $133.7k | $24.38 |
| − OpEx | −$40.1k | −$7.31 |
| NOI | $93.6k | $17.06 |
5,484 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,584 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.44M
NOI $86,261 @ 7.0% cap · market cap 6.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Body by Venus
(Bike/Boat/Book/etc) Store
Michael H White ...
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Updated building combines two ground-floor commercial spaces with three residential units, each with full kitchens and baths.
Where is this triplex located?
The property is located at 5164 Ridge Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Updated historical property (built 1877) with two ground‑floor commercial spaces and separate entrances on Ridge Ave and Vassar St.; Ground floor includes two kitchens and two bathrooms across the commercial spaces; Ridge Ave unit has an additional room for private office or large storage.; Second floor accessed via separate residential entrance and foyer: two 1‑bedroom/1‑bath residential units (one with a den).
