2926 Ridge Avenue

Closed 6/22/22

Last Sold Price

$475,000

6 beds4 baths2,643 sqft$180/sqft

2926 Ridge Ave, Philadelphia, PA 19121

Description

Great cash flow opportunity! 2926 Ridge Avenue is ready! This captivating (4 + 1 ADU) multi-family includes a commercial storefront with an attached additional dwelling unit. This is the opportunity to obtain a unique development in a rapidly appreciating market with the ability to increase rent over time. Spacious units that feature both modern amenities and original character. New floors, plenty of natural lighting, open kitchen plan, stainless steel appliances, beautiful tile backsplash, living...Great cash flow opportunity! 2926 Ridge Avenue is ready! This captivating (4 + 1 ADU) multi-family includes a commercial storefront with an attached additional dwelling unit. This is the opportunity to obtain a unique development in a rapidly appreciating market with the ability to increase rent over time. Spacious units that feature both modern amenities and original character. New floors, plenty of natural lighting, open kitchen plan, stainless steel appliances, beautiful tile backsplash, living room areas. All units are newly renovated 2021/22 - All GE stainless steel appliances, granite countertops, w/ unique backsplashes & finishes. All units have newly renovated bathrooms. Meticulously maintained and ready for the next investor! All units are self-contained (ALL ELECTRIC & HVAC). There is an intercom system in each unit. Keyless entry, security cameras installed. Walking distance to Blaine Middle School and Strawberry Mansion High School. Unit mix: (2) 2Bed /1Bth, (1) 1Bed / 1Bth, (1) Commercial Unit w/ (1) ADU – Studio (Can be used separately). Lower Level Commercial space/storefront can easily be used as an office, retail or commercial use, hair salon/barbershop, Small Cafe, etc. This quad +1 is turnkey, located in a busy commercial district, close to public transportation, shops, less than 5miles to center city Philadelphia. ZONING - CMX-2
The sale can be contingent upon receipt of the renter's license (waiting for city to upload)

Commercial Spaced Occupied (Daycare) at $1500 p/m 10 Yr. Lease
2nd Floor Rear tenant Occupied $1100 p/m
Projected Remaining Units
1st Floor Rear Projected $1200
2nd Floor Front Projected $1150
3rd Floor Projected $1400

LISTING CLOSED: 06/22/2022 12:00 AM

Listed by Ronda Kelly • Realty Mark Cityscape
P: (267) 938-9885 kellyrealestateagent@gmail.com

Property Details for 2926 Ridge Avenue

Status

Closed

MLS #

PAPH2065936

Days on Market

123

Taxes

$2,243 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi-Family / Fee Simple

Year Built

1936

Lot Size

0.04 AC / 1,887 SF

County

Philadelphia County

Tax ID Number

323039600

Ownership

Fee Simple

Structure Type

Interior Row/Townhouse

Style

Other

Waterfront

Garage

Subdivision

STRAWBERRY MANSION

Subdivision

STRAWBERRY MANSION (PHILADELPHIA PA)

Cross Street

29TH

Municipality

PHILADELPHIA

Central Air

Yes

Basement

Yes

Above Grade Finished SQFT

2,643.00

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

Building Winterized Y/N

Yes

Property Condition

Excellent, Very Good, Good

Recent comparable sales

Median sold price

$515,000

Avg days on market

101

Sale-to-list ratio

106.1%

1/23

$515,000

Sold 11/22/24

6
Bedrooms: 4
Bathrooms: 2,880
Square Feet: 0.03
Acres

2439 West Oxford Street, Philadelphia, PA 19121

1/45

$619,000

Sold 03/03/26

6
Bedrooms: 4
Bathrooms: 2,800
Square Feet: 0.02
Acres

2048 North 3rd Street, Philadelphia, PA 19122

a front view of a building with street view

1/2

$435,000

Sold 07/02/26

7
Bedrooms: 4
Bathrooms: 2,457
Square Feet: 0.05
Acres

1834 West Diamond Street, Philadelphia, PA 19121

a large kitchen with stainless steel appliances granite countertop a lot of cabinets and wooden floor

1/15

$450,000

Sold 11/03/25

6
Bedrooms: 3
Bathrooms: 2,595
Square Feet: 0.03
Acres

1309 North 19th Street, Philadelphia, PA 19121

1/76

$630,000

Sold 06/20/25

6
Bedrooms: 4
Bathrooms: 2,800
Square Feet: 0.02
Acres

2044 North 3rd Street, Philadelphia, PA 19122

1/2

$565,000

Sold 07/21/26

6
Bedrooms: 4
Bathrooms: 2,454
Square Feet: 0.05
Acres

4630 Chester Avenue, Philadelphia, PA 19143

1/6

$879,000

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Bedrooms: 4
Bathrooms: 2,928
Square Feet: 0.02
Acres

2304 North 12th Street, Philadelphia, PA 19133

1/41

$480,000

Sold 12/20/24

6
Bedrooms: 3
Bathrooms: 2,410
Square Feet: 0.04
Acres

609 North 34th Street, Philadelphia, PA 19104

1/2

$450,000

Sold 07/17/26

5
Bedrooms: 4
Bathrooms: 2,400
Square Feet: 0.02
Acres

2640 North Jessup Street, Philadelphia, PA 19133

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Location

Listing Courtesy of Realty Mark Cityscape

Sold By Keller Williams Realty - Kennett Square; Keller Williams Realty

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Building Information for 2926 Ridge Avenue

Stories-Residences4Year Built1936Building Size-Lot Size0.04 AC / 1,887 SF

Payment Calculator

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$2,601 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,414

Property Taxes

$187

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 2926 Ridge Avenue

Location

Transportation: Bus Stop less than 1 mile
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

Water View: No
Water Access: No

Water Oriented: No
Navigable Water: No
Tidal Water: No
Riparian Rights Y/N: No

Taxes and Assessment

Tax Year: 2022
Tax Assessed Value: $160,300

Year Assessed: 2022
Improvement Assessed Value: $128,240
City Town Tax: $1,012
Land Assessed Value: $32,060
Clean Green Assessed: No
Land Use Code: Y50
Zoning: CMX2
Tax Lot: 130
School Tax: $1,231
Automatically Update Tax Values Y/N: Yes
TaxDataUpdatedYN: No

Lease Information

Owner Pays: Taxes - Real Estate, Water
Concessions: No

Unit Information

Single Room Units Count: 1
One Bedroom Units Count: 1

Two Bedroom Units Count: 2
Three Bedroom Units Count: 0
Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Units Furnished: None
Units Leased Count: 2
Number Of Units Vacant: 3
Number Of Units Month To Month: 0
Rent Control: No

Multi Family

Unit 1

Type: Unit 5
Unit Type Occupied YN: No

Beds Total: 0
Half Baths Count: 0
Full Baths Count: 0

Unit 2

Type: Unit 2
Unit Type Occupied YN: No

Level: 2
Beds Total: 1
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Unit Type Features: This unit has a full kitchen, full bathroom, and bedroom. Stainless steel appliances, All units have central air.
Total Rooms: 3

Unit 3

Type: Unit 1
Unit Type Occupied YN: No

Level: 1
Beds Total: 1
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Unit Type Features: This unit is "studio" like with a complete kitchen & full bathroom. Large space for LR/bedroom. Access to outdoor patio/backyard

Unit 4

Type: Unit 3
Unit Type Occupied YN: No

Level: 2
Beds Total: 2
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Unit Type Features: This unit has a full kitchen, full bathroom, and two rooms can be one-bedroom and livingroom or two bedrooms.
Total Rooms: 4

Unit 5

Type: Unit 4
Unit Type Occupied YN: No

Level: 3
Beds Total: 2
Half Baths Count: 0
Full Baths Count: 1
Unit Type Baths Total: 1
Unit Type Features: Studio Style unit, full kitchen, full bathroom, small dining area, two bedrooms OR one bedroom/one Living room area.
Total Rooms: 3

Financial Information

Annual Rental Income: $76,200
Existing Lease Type: Yearly, Gross

Building Info

Year Major Reno Remodel: 2021
Building Units Total: 4

Total Finished SQFT: 2,643.00
Total Finished SQFT Source: Assessor
Tax Total Finished SQFT: 2,643.00
Total SQFT: 2,643.00
Total SQFT Source: Assessor
Construction Materials: Stucco, Brick
Ext Main Mid-res: http://bright-media02.prd.brightmls.com/bright/images/0000/8012/8122/0630/801281220630_512_384_WM_FxNgN9BAG_OWuunf.jpg
Basement Type: Full
Foundation Details: Brick/Mortar

Lot / Land Information

Lot Size Source: Assessor
Lot Size Dimensions: 18.87 x 100.00

Lot Dimensions Source: Assessor
Parcel ID: 1076033
Ground Rent Exists: No

Parking

Type Of Parking: On Street

Interior Features

Fireplace: No
Fireplaces Count: 0

Accessibility Features: None

Exterior Features

Pool: No Pool
Other Structures: Above Grade, Below Grade

Utilities

Heating: Yes
Cooling Type: Central A/C

Cooling Fuel: Electric
Heating Type: Central
Heating Fuel: Central
Hot Water: Natural Gas
Water Source: Public
Sewer Septic: Public Sewer
Electric Service: 200+ Amp Service

Confidential Data

Listing Office

List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 2926 Ridge Avenue

Date	Event & Source	Price	Appreciation
Jun 27, 2022	Closed (Public Record) Public Record #1498897883	$475,000	+222.7% / yr
Jun 22, 2022	Closed BRIGHT #PAPH2065936	$475,000	—
May 13, 2022	Pending BRIGHT #PAPH2065936		—
Mar 17, 2022	Price Change BRIGHT #PAPH2065936	$575,000	—
Feb 28, 2022	Price Change BRIGHT #PAPH2065936	$595,000	—
Feb 15, 2022	Price Change BRIGHT #PAPH2065936	$650,000	—
Feb 1, 2022	Price Change BRIGHT #PAPH2065936	$675,000	—
Jan 11, 2022	Listed (Active) BRIGHT #PAPH2065936	$715,000	—
May 19, 2021	Closed (Public Record) Public Record #1467113749	$130,000	-0.5% / yr
Nov 30, 2006	Closed (Public Record) Public Record #240375762	$140,000	+180.1% / yr
Oct 7, 2006	Expired BRIGHT #PAPH664598	$164,900	—
Aug 7, 2006	Listed (Active) BRIGHT #PAPH664598	$199,900	—
May 2, 2006	Closed (Public Record) Public Record #240332474	$77,000	—
Mar 6, 2006	Withdrawn BRIGHT #1000720695	$70,000	—
Feb 17, 2006	Listed (Active) BRIGHT #1000720695	$60,000	—

Date	Event & Source	Price
06/27/2022	Closed (Public Record) Public Record #1498897883	$475,000 +222.7% / yr
06/22/2022	Closed BRIGHT #PAPH2065936	$475,000
05/13/2022	Pending BRIGHT #PAPH2065936	—
03/17/2022	Price Change BRIGHT #PAPH2065936	$575,000
02/28/2022	Price Change BRIGHT #PAPH2065936	$595,000
02/15/2022	Price Change BRIGHT #PAPH2065936	$650,000
02/01/2022	Price Change BRIGHT #PAPH2065936	$675,000
01/11/2022	Listed (Active) BRIGHT #PAPH2065936	$715,000
05/19/2021	Closed (Public Record) Public Record #1467113749	$130,000 -0.5% / yr
11/30/2006	Closed (Public Record) Public Record #240375762	$140,000 +180.1% / yr
10/07/2006	Expired BRIGHT #PAPH664598	$164,900
08/07/2006	Listed (Active) BRIGHT #PAPH664598	$199,900
05/02/2006	Closed (Public Record) Public Record #240332474	$77,000
03/06/2006	Withdrawn BRIGHT #1000720695	$70,000
02/17/2006	Listed (Active) BRIGHT #1000720695	$60,000

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

Public Records for 2926 Ridge Avenue

Taxable ValueLand$39,600Additions$158,600Total$198,200

Tax Record2026$2,766 ($230 / month)

Home Facts

Total Finished SqFt2,643 SqFtAbove Grade Finished SqFt2,643 SqFtStories3Lot Size1,887 SqFtStyleMiscellaneous CommercialYear Built1915Year Renovated1915ZoningCMX2CountyPHILADELPHIAAPN87-1145450

Schools near 2926 Ridge Avenue

This home is within The School District of Philadelphia.


Rating	School	Type	Grades	Distance
4/10	Blaine James G School	Public - Serves this home	PK to 8	0.1 mi
2/10	Strawberry Mansion High School	Public - Serves this home	9 to 12	0.3 mi
1/10	Dobbins Avt High School	Public - Choice school	9 to 12	1.0 mi
9/10	High School of Engineering & Science	Public - Choice school	7 to 12	1.1 mi
2/10	School Of The Future	Public - Choice school	9 to 12	1.4 mi
2/10	Philadelphia Military Academy At Elverson	Public - Choice school	9 to 12	1.4 mi
NR	Church of God Victory Academy	Private - Nearby school	K to 12	0.4 mi
NR	White Dove Performing Arts Academy	Private - Nearby school	PK to 5	0.4 mi
NR	Muhammads Islamic Academy	Private - Nearby school	1 to 12	0.5 mi


Rating	School	Distance
4/10	Blaine James G School PublicPK to 8 Serves this home	0.1 mi
2/10	Strawberry Mansion High School Public9 to 12 Serves this home	0.3 mi
1/10	Dobbins Avt High School Public9 to 12 Choice school	1.0 mi
9/10	High School of Engineering & Science Public7 to 12 Choice school	1.1 mi
2/10	School Of The Future Public9 to 12 Choice school	1.4 mi
2/10	Philadelphia Military Academy At Elverson Public9 to 12 Choice school	1.4 mi
NR	Church of God Victory Academy PrivateK to 12 Nearby school	0.4 mi
NR	White Dove Performing Arts Academy PrivatePK to 5 Nearby school	0.4 mi
NR	Muhammads Islamic Academy Private1 to 12 Nearby school	0.5 mi

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.

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Listing Courtesy of Realty Mark Cityscape

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.

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