Philadelphia, PA 19130,1602 RIDGE AVE
Philadelphia, PA 19130,1602 RIDGE AVE
Philadelphia, PA 19130,1602 RIDGE AVE
Philadelphia, PA 19130,1602 RIDGE AVE
Philadelphia, PA 19130,1602 RIDGE AVE
Philadelphia, PA 19130,1602 RIDGE AVE
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Listed by Zahra Saeed • Compass Pennsylvania, LLC
$ 1,150,000
Est. payment | /mo

2,704 SqFt


Save
$ 1,150,000
Est. payment | /mo
Save

2,704 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,704 sqft

Price per Sqft $425

MLS Listing ID PAPH2534912

Style Contemporary

Abv Grd Liv Area 2,704

Year Built 1920

Annual Tax Amount $4,832

Tax Year 2025

Lot Size 1,277 Sqft

Acres 0.03

Lot Dimensions 18.00 x 71.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Turn-Key Investment in the Heart of Fairmount
An incredible opportunity to own a fully leased new construction property in one of Philadelphia's fastest-growing neighborhoods. Offering more than $103,000 in projected net annual income and a strong 8.75% cap rate, this is a true plug-and-play investment.
The building's modern exterior sets the tone with its distinctive stonework, crisp white brick, and elegant wrought-iron balconies. The street-level commercial suite spans two floors, with dramatic 12-foot ceilings on the main level and an additional lower level with 8-foot ceilings — ideal for long-term tenant use.
Above the commercial space are well-appointed one-bedroom apartments, each thoughtfully laid out with approx. 730 sq. ft. of stylish living space. Features include:

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning CMX25

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Above Ground Finished SqFt 2704

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 871088100

Ownership Fee Simple

SqFt Source 2704

Special Listing Condition Standard

Bright MLS (BMLS)
Brittany Osmani

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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1602 RIDGE AVE