Last Sold Price
3 baths1,545 sqft$129/sqft
2150 Ridge Ave, Philadelphia, PA 19121

Description

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...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!
LISTING CLOSED: 02/24/2025 12:00 AM

  1. Listed by Alexander Frederick • KW Empower
    P: (941) 889-8266 alex@mccannteam.com

Property Details for 2150 Ridge Avenue

Status
MLS #
PAPH2390748
Days on Market
126
Taxes
$1,577 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family / Fee Simple
Year Built
1915
Lot Size
0.02 AC / 690 SF
Tax ID Number
291274305
Ownership
Fee Simple
Structure Type
Other
Style
Other
Waterfront
No
Garage
No
Subdivision
SHARSWOOD
Subdivision
SHARSWOOD (PHILADELPHIA PA)
Municipality
PHILADELPHIA
Total Parking Spaces
0
Central Air
No
Above Grade Finished SQFT
1,545.00
Above Grade Fin SQFT Source
Assessor
Below Grade Finished SQFT
.00
Below Grade Fin SQFT Source
Assessor
Below Grade Unfinished SQFT
.00
Below Grade Unfin SQFT Source
Assessor
Total Below Grade SQFT
.00
Total Below Grade SQFT Source
Assessor
New Construction
No

Location

Listing Courtesy of KW Empower

Sold By Jason Mitchell Group

Add your commute

Building Information for 2150 Ridge Avenue

Stories-Residences3Year Built1915Building Size-Lot Size0.02 AC / 690 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$1,148 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,017

Property Taxes

$131

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 2150 Ridge Avenue

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19121 (19121)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $112,700
  • Year Assessed: 2024
  • County Tax: $0
  • Improvement Assessed Value: $90,200
  • City Town Tax: $694
  • Land Assessed Value: $22,500
  • Clean Green Assessed: No
  • Land Use Code: O51
  • Zoning: CMX2
  • Tax Lot: 303
  • School Tax: $883
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 3
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Furnished: None
  • Units Leased Count: 2
  • Number Of Units Vacant: 1
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 0
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Beds Total: 0
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Beds Total: 0
  • Full Baths Count: 1
Financial Information
Financial Information
  • Annual Rental Income: $27,000
  • Cap Rate: 9.00
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 1,545.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 27.00 x 48.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1056729
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: 2+ Access Exits
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 2150 Ridge Avenue

DateEvent & SourcePriceAppreciation
Feb 24, 2025

Closed

BRIGHT #PAPH2390748

$200,000
Jan 9, 2025

Pending

BRIGHT #PAPH2390748

Dec 6, 2024

Listed (Active)

BRIGHT #PAPH2390748

DateEvent & SourcePrice
02/24/2025

Closed

BRIGHT #PAPH2390748

$200,000
01/09/2025

Pending

BRIGHT #PAPH2390748

12/06/2024

Listed (Active)

BRIGHT #PAPH2390748

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2150 Ridge Avenue

Taxable ValueLand$40,720Additions$162,880Total$203,600
Tax Record2026$3,005 ($250 / month)
Home Facts
Beds0Total Finished SqFt1,545 SqFtAbove Grade Finished SqFt1,545 SqFtStories3Lot Size690 SqFtStyleTownhouseYear Built1915Year Renovated1915ZoningCMX2CountyPHILADELPHIAAPN29-1274305

Schools near 2150 Ridge Avenue

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 9 to 12
Public - 7 to 12
Public - 9 to 12
Rating
School
Distance
Strawberry Mansion High School
Public9 to 12

High School of Engineering & Science
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

New listings in 19121

$365,000 | 1547 North Bouvier Street, Philadelphia, PA 19121
1/33

$365,000

6
Bedrooms
2,024
Square Feet
0.03
Acres
$215,000 | 2015 North Gratz Street, Philadelphia, PA 19121
1/8

$215,000

4
Bedrooms
1,118
Square Feet
0.02
Acres
$260,000 | 1916 Ingersoll Street, Philadelphia, PA 19121
1/10

$260,000

2
Bedrooms
2
Bathrooms
1,124
Square Feet
0.01
Acres
$475,000 | 1232 North 15th Street, Philadelphia, PA 19121
1/39
Compass Coming Soon

$475,000

7
Bedrooms
2,697
Square Feet
Unavailable
Acres
$299,999 | 1213 North 15th Street, Unit A, Philadelphia, PA 19121
1/15
New Construction

$299,999

2
Bedrooms
1,214
Square Feet
$719,900 | 1706 Arlington Street, Philadelphia, PA 19121
1/24

$719,900

Unavailable
Bedrooms
Unavailable
Bathrooms
2,408
Square Feet
0.02
Acres
$400,000 | 1730 Ingersoll Street, Philadelphia, PA 19121
1/36

$400,000

4
Bedrooms
1,595
Square Feet
0.02
Acres
$265,000 | 1523 Fontain Street, Philadelphia, PA 19121
1/13
Listed By Coldwell Banker Realty

$265,000

5
Bedrooms
1,498
Square Feet
0.02
Acres
$285,000 | 1706 North Bouvier Street, Philadelphia, PA 19121
1/23

$285,000

5
Bedrooms
1,530
Square Feet
0.02
Acres

Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Empower

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.