For Sale
$415,000

4169 Ridge AvePhiladelphia, PA 19129

Prime location, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
115
This meticulously maintained three-story duplex in Philadelphia's desirable East Falls neighborhood presents a compelling investment opportunity. Located at 4169 Ridge Ave, this 1,960 square foot property, built in 1939 and extensively renovated in 2019 and 2024, sits on a 0.029-acre lot and boasts a 9.54% cap rate with a current NOI of $39,600. The property features two units: a bright, one-bedroom unit with a modern kitchen and private fenced backyard, and a spacious three-bedroom, one-bathroom bi-level unit. Both units offer private outdoor spaces, a rare find in urban settings. The property is zoned CMX 2.5, providing flexibility for future use. Its prime location offers easy access to Center City, I-76, and public transportation, while also being close to parks, the Schuylkill River Trail, and local restaurants. A home warranty is included, providing peace of mind for the new owner. This duplex is ideal for owner-occupants seeking to offset housing costs or investors looking for strong rental income in a high-demand area with rising property values. The asking price is $415,000. This turnkey property offers immediate income potential and long-term investment growth in a thriving Philadelphia neighborhood.

Highlights

  • Prime East Falls location, minutes from Center City with easy I-76 and public transit access; nearby parks and the Schuylkill River Trail.
  • Strong income and equity potential; live in one unit and rent the other, or rent both for cash flow; high demand in this desirable neighborhood.
  • Each unit has private outdoor space; Unit 1 has a fenced backyard, Unit 2 has additional outdoor area.
  • Includes a home warranty covering major appliances and systems.
  • Excellent long-term investment; East Falls is a high-demand area with rising property values.

Property Details for 4169 Ridge Ave

Property type
Mixed-use properties, Apartment buildings
Square Feet
1,960 SF
Year Built
1939
Buildings
1
Stories
3
Lot Size (sq. ft)
1,263 SF
Units
2

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.008413011431
Longitude
-75.193078622355
4169 Ridge Ave, Philadelphia, Pennsylvania

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4169 Ridge Ave
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