Photo of 1602 Ridge Avenue, Philadelphia PA
     
1602 Ridge Avenue
Philadelphia, PA 19130
19130 Art Museum Fairmount
The School District Of Philadelphia
Philadelphia County
Asking Price$1,150,000
# of Units3
1 Bdrm Units3
Acres0.03
Interior SqFt2,704
Age105
HeatingNatural Gas
CoolingCentral A/C
WaterPublic
SewerPublic
Garages0
Taxes (2025)4,832

Description
Turn-Key Investment in the Heart of Fairmoun 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:

Room Sizes

Location


Driving Directions
Located on Ridge Ave

Details
Architectural Type - Contemporary
Exterior Features - Masonry
Cooling - Central A/C, Electric
Heating - Forced Air, Natural Gas
Hot Water - Electric
Sewer - Public Sewer
Water - Public

Notes
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Assessment : 0
Latitude : 39.969112
Longitude : -75.163551
EveryHome Number : APH253-50915
Listing Courtesy Compass Pennsylvania, LLC
Zoning Designation CMX25