4169 Ridge AvePhiladelphia, PA 19129

Property Details for 4169 Ridge Ave

Year built

1939

Lot size

0.03 AC

Property size (Sq ft)

1,960 SF

Property type

Mixed-use properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0084

Longitude

-75.1931

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