2150 Ridge Avenue
Philadelphia, PA 19121
- – beds
- – baths
- 1,545 sqft
- 690 sqft lot
- $129 per sqft
- 1915 build
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INVESTOR SPECIAL: Welcome to 2150 Ridge Ave, a 3-unit multi-family property in the desirable Sharswood neighborhood! Currently, one of the three units are rented (#1- $700). The building could generate a potential cash flow of $2,250 per month with a strong 9% cap rate. The vacant units could be rented as-is for $800/month, however, this property offers an excellent investment opportunity, with the potential to increase rents up to $1,000 per unit with basic cosmetic updates. Additionally, Section 8/PHA approval could nearly double rents to around $1,300 per unit. Conveniently located near public transportation, Brewerytown, grocery stores, laundromats, the Stephen Klein Wellness Center, and more, this property is a prime candidate for maximizing your investment in a rapidly developing area. Don’t miss out!
Last checked:
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Last updated Feb 25, 2025
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MLS# PAPH2390748 —
The Building
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Year Built:1915
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Masonry
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Building Units Total:3
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Structure Type:Other
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Architectural Style:Other
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Accessibility Features:2+ Access Exits
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:1545
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:1545
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Living Area SqFt:1,545 Sqft
Financial & Terms
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Sale Type:Standard
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Buyer Financing:Private
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Possession:Immediate
Location
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Directions:Entrance on Ridge Ave
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Latitude:39.97927100
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Longitude:-75.17087600
The Property
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Property Type:Multi-Family
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Property Subtype:Triplex
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Lot Size Units:Square Feet
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Lot Size Acres:0.02
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Lot Size Source:Assessor
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Lot Size Dimensions:27.00 x 48.00
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Lot Dimensions Source:Assessor
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Lot SqFt:690 Sqft
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Zoning:CMX2
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:O51
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (941) 889-8266
- Office phone:
- (215) 627-3500
Taxes
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Tax ID Number:291274305
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Tax Year:2024
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Tax Lot:303
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Tax Annual Amount:$1,577
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Tax Assessed Value:$112,700
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Year Assessed:2024
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School Tax:883.0
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City/Town Tax:694.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Baseboard - Electric
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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Subdivision Name:Sharswood
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Pool:No Pool
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Cap Rate:9.00
Parking
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Garage:No
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Type of Parking:None
Extra Units
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Other Units:Unit 1,Unit 2,Unit 3
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Vacation Rental:No
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Units Furnished:None
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Single Room Units:3
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/24/25
Feb 24, 2025
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Sold | BRIGHT | $200,000 | -16.7% |
|
1/10/25
Jan 10, 2025
|
Pending | BRIGHT | $240,000 | |
|
12/6/24
Dec 6, 2024
|
Listed / Active | BRIGHT | $240,000 |
