4169 Ridge Ave Philadelphia, PA 19129

Property Details for 4169 Ridge Ave

Year built

1939

Lot size

0.03 lot acres

Property size

1,960 SF

Property type

Commercial real estate

APN

382247000

Description

This meticulously maintained three-story duplex in Philadelphia's desirable East Falls neighborhood presents a compelling investment opportunity. Located at 4169 Ridge Ave, this 1,960 square foot property, built in 1939 and extensively renovated in 2019 and 2024, sits on a 0.029-acre lot and boasts a 9.54% cap rate with a current NOI of $39,600. The property features two units: a bright, one-bedroom unit with a modern kitchen and private fenced backyard, and a spacious three-bedroom, one-bathroom bi-level unit. Both units offer private outdoor spaces, a rare find in urban settings. The property is zoned CMX 2.5, providing flexibility for future use. Its prime location offers easy access to Center City, I-76, and public transportation, while also being close to parks, the Schuylkill River Trail, and local restaurants. A home warranty is included, providing peace of mind for the new owner. This duplex is ideal for owner-occupants seeking to offset housing costs or investors looking for strong rental income in a high-demand area with rising property values. The asking price is $415,000. This turnkey property offers immediate income potential and long-term investment growth in a thriving Philadelphia neighborhood.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Longitude

-75.193078622355

Latitude

40.008413011431

Property Visit Statistics

• Visits by month
  8.3k
• Visitors by month
  6.9k
• Avg Time on site
  10 min