2518 Ridge Avenue
Philadelphia, PA 19121
- – beds
- – baths
- 3,004 sqft
- 1,024 sqft lot
- $199 per sqft
- 2020 build
Newer Construction Duplex – Prime Investment Opportunity with Strong Cash Flow Don’t miss this excellent opportunity to own a high-performing newer construction duplex with strong rental income and low maintenance! Each spacious unit features 3 bedrooms and 3 full bathrooms, offering modern layouts perfect for tenants seeking comfort and convenience. Both units are equipped with in-unit washer and dryer, and enjoy quality finishes throughout. The property currently generates $3,925 per month in rental income from stable, long-term tenants with a solid payment history—ideal for investors looking for steady cash flow from day one. Additional highlights include: 5 years remaining on the tax abatement, significantly reducing operating expenses Newer construction – minimal maintenance required Tenants pay flat utility fee High rental demand area with strong tenant retention Whether you're an investor looking to expand your portfolio or a buyer seeking to live in one unit while renting the other, this is a turn-key property you won’t want to miss.
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Last updated May 12, 2025
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MLS# PAPH2477770 —
The Building
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Year Built:2020
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Year Built Source:Assessor
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Roof:Other
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New Construction:Yes
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Construction Materials:Brick, Frame
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Construction Completed:Yes
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Building Levels:3
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Building Units Total:2
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Structure Type:Interior Row/Townhouse
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Architectural Style:Bi-level, Contemporary
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Security Features:Fire Detection System, Sprinkler System - Indoor
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Accessibility Features:None
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Foundation Details:Permanent
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Basement:Yes
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Basement Type:Fully Finished
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Building Winterized:No
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Total SqFt Source:Estimated
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Total Below Grade SqFt:700
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Total Below Grade SqFt Source:Estimated
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Tax Total Finished SqFt:2304
Interior
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:3004
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Living Area SqFt:3,004 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, FHA
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Possession:Immediate
Location
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Directions:Direct access from Ridge Ave.
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Latitude:39.98289500
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Longitude:-75.17589600
The Property
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Property Type:Multi-Family
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Property Subtype:Duplex
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Property Condition:Excellent
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Lot Size Units:Square Feet
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Lot Size Acres:0.02
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Lot Size Source:Assessor
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Lot Size Dimensions:16.00 x 64.00
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Lot Dimensions Source:Assessor
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Lot SqFt:1,024 Sqft
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Inclusions:All appliances in as is condition
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Exclusions:Tenant's belongings
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Zoning:RM1
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (267) 403-4250
- Office phone:
- (215) 904-6001
Taxes
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Tax ID Number:322219300
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Tax Year:2024
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Tax Lot:279
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Tax Annual Amount:$1,668
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Tax Assessed Value:$119,160
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Year Assessed:2025
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School Tax:934.0
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City/Town Tax:733.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Forced Air
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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School District Name:Philadelphia City
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School District Source:Listing Agent
The Community
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Exterior Features:Roof Deck
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Pool:No Pool
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Association Recreation Fee:No
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Other Units:Unit 1,Unit 2
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Vacation Rental:No
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Three Bedroom Units:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/12/25
May 12, 2025
|
Listed / Active | BRIGHT | $600,000 |