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1602 Ridge Ave

$1,150,000

1602 Ridge Ave, Philadelphia, PA 19130

Active
Last Updated: 09/30/2025

8.75

Cap Rate

103,998

NOI

Details:
Cap Rate:    8.75%
NOI:    $103,998
Year Built:    1920
Zoning:    CMX25
Highlights:
  • Days on Market: 16
  • Heating: Forced Air
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:

Map:
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