INVESTOR SPECIAL: Welcome to 2150 Ridge Ave, a 3-unit multi-family property in the desirable Sharswood neighborhood! Currently, one of the three units are rented (#1- $700). The building could generate a potential cash flow of $2,250 per month with a strong 9% cap rate. The vacant units could be rented as-is for $800/month, however, this property offers an excellent investment opportunity, with the potential to increase rents up to $1,000 per unit with basic cosmetic updates. Additionally, Section 8/PHA approval could nearly double rents to around $1,300 per unit. Conveniently located near public transportation, Brewerytown, grocery stores, laundromats, the Stephen Klein Wellness Center, and more, this property is a prime candidate for maximizing your investment in a rapidly developing area. Don’t miss out!
Sold for $200,000 on 02/24/25
$200,000
2150 Ridge Ave, Philadelphia, PA 19121
3beds
3baths
1,545sqft
Triplex
Built in 1915
-- sqft lot
$-- Zestimate®
$129/sqft
$1,639 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,639/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 25, 2025 at 02:56am
Listed by:
Alex Frederick 941-889-8266,
KW Empower,
Listing Team: The Mike Mccann Team
Bought with:
Porcha Lee
Jason Mitchell Group
Source: Bright MLS,MLS#: PAPH2390748
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 1,545
- Total interior livable area: 1,545 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Pool features: None
Lot
- Size: 690 sqft
- Dimensions: 27.00 x 48.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 291274305
- Zoning: CMX2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Triplex
Materials
- Masonry
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Philadelphia
- Subdivision: Sharswood
- Municipality: PHILADELPHIA
HOA & financial
Other financial information
- Total actual rent: 27000
Other
Other facts
- Listing agreement: Exclusive Agency
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2025 | Sold | $200,000-16.7%$129/sqft |
Source:  Bright MLS #PAPH2390748 | ||
| 1/10/2025 | Pending sale | $240,000$155/sqft |
Source: Bright MLS #PAPH2390748 | ||
| 12/6/2024 | Listed for sale | $240,000$155/sqft |
Source: Bright MLS #PAPH2390748 | ||
| 11/25/2024 | Contingent | $240,000$155/sqft |
Source: Bright MLS #PAPH2390748 | ||
| 8/28/2024 | Listed for sale | $240,000$155/sqft |
Source: Bright MLS #PAPH2390748 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2016 | $1,123 +417.4% | -- |
| 2015 | $217 | -- |
| 2014 | $217 | $15,500 |
Find assessor info on the county website
Neighborhood: North Central
Nearby schools
GreatSchools rating
- 4/10Meade Gen George C SchoolGrades: PK-8Distance: 0.3 mi
- 2/10Strawberry Mansion High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: The School District Of Philadelphia
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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