Property
Philadelphia, PA 19121 2626 Ridge Avenue
$1,500,000
37 more
Presented By: City & Suburban Real Estate
SQFT • 7,219
Home Details
A trio of buildings completely renovated in 2023, this package consists of three side-by-side property lots boasting 8 units in all, with 7 two-bedrooms and a studio apartment. It is presently 75% occupied and generating $9,134/month in rental income, with potential to bring in $13,000-$14,000/month when fully rented. True turnkey passive income, a wonderful addition to any rental portfolio. This is a unique investment in an area blossoming all around with new construction and condo developments, and great tenants in place. Modern finishes, sleek designs, custom built by Karbon Architects, a trio of 3-story buildings such as this is rarely offered.
Presented By: City & Suburban Real Estate
Interior Features for 2626 Ridge Avenue
Other Interior Features
Central Air Y/NYes
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Other Rooms
Entry Level1
General for 2626 Ridge Avenue
Acceptable FinancingCash, Conventional, Private
AccessibilityOther
Business TypeApartment Building
CityPHILADELPHIA
Construction MaterialsBrick, Masonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsGPS
ExclusionsTenants personal property
HeatingCentral
Historic Y/NNo
Lot Size Square Feet3597.00
Lot Size UnitsSquare Feet
MLS Area19121 (19121)
ModificationTimestamp2025-08-10T14:56:02
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total8
OwnershipFee Simple
Possession0-30 Days CD, 31-60 Days CD, 61-90 Days CD
Price Per Sq Ft Total AG207.79
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusComing Soon
StatusCOMING SOON
Subdivision NamePHILADELPHIA (NORTHWEST)
Tax Annual Amount5189.0
Tax Assessed Value370700.0
Tax Lot161
Tax Year2023
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningRM 1
Exterior for 2626 Ridge Avenue
Building Area Total7219.00
Car Parking Spaces
Land Assessed Value49520.00
Land Use CodeY50
Lot Dimensions32.00 x 63.00
Lot Size Acres0.08
Lot Size SourceEstimated
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Tina Torres
Broker/Owner
Price
$1,500,000
MLS#PAPH2525170
List Date
08/10/2025
Property Type
Coming Soon
Phone
(973) 332-3022