Brick Twin Home with Detached
8324 RIDGEWAY STREET Philadelphia, PA 19111
For Sale
$320,000
SINGLE_FAMILY - PHILADELPHIA, PA
Property Size1,222 SF
Price / SF$261.87
Days on Market36
Property Features for 8324 RIDGEWAY STREET
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 2
- Standard status
- Active
- Size
- 1,222 SF
Building Details
- Year built
- 1960
Listing Agency:
BHHS Fox & Roach Doylestown
(215) 348-1700
Listed By:
Kurt Marhefka
(215) 778-6594
Added: Jun 18
Changed: Jul 23
Last Checked: Jul 23 at 12:06PM
MLS# PAPH2627770
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick twin home offers a comfortable, flexible layout with three bedrooms and two bathrooms. The main level features freshly painted interiors and newly refinished hardwood floors, with a living room flowing into the dining area. The remodeled kitchen includes a brand-new range and microwave, and the home also includes a partially finished basement with an added second full bathroom, offering extra space for a family room, home office, or recreation.
Additional updates include a new natural gas boiler installed in 2025 and a replacement roof installed in 2015. Outside, the property includes a detached garage for off-street parking and/or storage. The home is located on a tree-lined block in Northeast Philadelphia’s Fox Chase area, within the Fox Chase Elementary School catchment, and is minutes from Pennypack Park, the Fox Chase regional rail station, and local shopping and dining.
Overall, the property is presented as turn-key, with recent interior updates and long-term improvements aimed at simplifying ownership.
Additional updates include a new natural gas boiler installed in 2025 and a replacement roof installed in 2015. Outside, the property includes a detached garage for off-street parking and/or storage. The home is located on a tree-lined block in Northeast Philadelphia’s Fox Chase area, within the Fox Chase Elementary School catchment, and is minutes from Pennypack Park, the Fox Chase regional rail station, and local shopping and dining.
Overall, the property is presented as turn-key, with recent interior updates and long-term improvements aimed at simplifying ownership.
Key Highlights
- 3‑bedroom, 2‑bath brick twin home in the Fox Chase neighborhood of Northeast Philadelphia
- Freshly painted main level with newly refinished hardwood floors
- Remodeled kitchen (2017) with brand‑new range and microwave (2026)
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 | $24.2k | $19.80 |
| − Vacancy | −$757 | −$0.62 |
| EGI | $23.4k | $19.18 |
| − OpEx | −$7.0k | −$5.75 |
| NOI | $16.4k | $13.43 |
1,222 SF · lease $19.80/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$234.4K
$205.1K – $273.5K
NOI $16,407 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$216.1K
$189.1K – $252.2K
NOI $15,130 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$370.5K
$324.2K – $432.3K
NOI $25,935 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Brick twin with three bedrooms, two full baths, a partially finished basement, and a detached garage, plus major mechanical updates.
Where is this duplex located?
The property is located at 8324 RIDGEWAY STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath brick twin home in the Fox Chase neighborhood of Northeast Philadelphia; Freshly painted main level with newly refinished hardwood floors; Remodeled kitchen (2017) with brand‑new range and microwave (2026)
