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Marjorie Dick Stuart

  • Cell 240-731-8079
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1602 Ridge Ave, PHILADELPHIA, PA – $1,150,000

  • $1.2M Price
  • 2,704 Sqft
  • .03 Acres
  • 6 DOM
  • $1.2M Price
  • 2,704 Sqft
  • .03 Acres
  • 6 DOM

1602 Ridge Ave

Turn-Key Investment in the Heart of Fairmount An incredible opportunity to own a fully leased new construction property in one of Philadelphia’s fastest-growing neighborhoods. Offering more than $103,000 in projected net annual income and a strong 8.75% cap rate, this is a true plug-and-play investment. The building’s modern exterior sets the tone with its distinctive stonework, crisp white brick, and elegant wrought-iron balconies. The street-level commercial suite spans two floors, with dramatic 12-foot ceilings on the main level and an additional lower level with 8-foot ceilings — ideal for long-term tenant use. Above the commercial space are well-appointed one-bedroom apartments, each thoughtfully laid out with approx. 730 sq. ft. of stylish living space. Features include: •

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Essential Information

  • MLS® #PAPH2534912
  • Price$1,150,000
  • Bathrooms0.00
  • Square Footage2,704
  • Acres0.03
  • Year Built1920
  • TypeMulti-Family
  • Sub-TypeInterior Row/Townhouse, Quad
  • StyleContemporary
  • StatusActive

Community Information

  • Address1602 Ridge Ave
  • Area19130
  • CityPHILADELPHIA
  • CountyPHILADELPHIA-PA
  • StatePA
  • MunicipalityPHILADELPHIA
  • Zip Code19130

Interior

  • HeatingForced Air
  • CoolingCentral A/C

Exterior

  • FoundationOther

School Information

  • DistrictPHILADELPHIA CITY

Additional Information

  • Date ListedSeptember 15th, 2025
  • Days on Market6
  • ZoningCMX25

Listing Details

  • OfficeCompass RE
  • Office Contact2674358015
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Listing information last updated on September 20th, 2025 at 2:15pm CDT.