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Ridley Park,PA 19078
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,504 sqft
Price per Sqft $171
MLS Listing ID PADE2089012
Style Other
Year Built 1900
Available Date 2025-05-03
Annual Tax Amount $12,080
Tax Year 2024
Lot Size 8,276 Sqft
Property Sub-Type Detached
Property Description
Tucked into one of the most desirable suburban neighborhoods, this beautifully maintained five-unit property offers both timeless character and reliable income—an ideal combination for any investor. Located on a quiet, tree-lined street surrounded by well-kept homes and a welcoming community, it blends residential charm with strong investment fundamentals.
Set on a generous and well-kept piece of land, the property features classic curb appeal along with the potential for two dedicated parking spots—an added convenience for tenants and a valuable perk for long-term ownership. Inside, the building is well taken care of, with clean, well-lit common hallways and original wood handrails that bring warmth and historic charm to the space.
The unit mix includes two spacious two-bedroom apartments, one one-bedroom unit, and two studios—each self-contained and thoughtfully updated to attract quality tenants. A shared community basement offers convenient on-site laundry and additional storage, further enhancing the tenant experience.
With all units currently leased and generating approximately $66,600 in annual rental income, this is a true turnkey investment offering immediate cash flow. Its unbeatable location near parks, schools, shopping, and major commuter routes makes it an incredibly rare opportunity in a high-demand area—perfect for investors seeking a low-maintenance property with long-term value.
Location
State PA
County Delaware
Area Ridley Park Boro (10437)
Zoning RES
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Exterior
Garage Spaces 2.0
Utilities Available Natural Gas Available
Water Access N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Ridley
Others
Special Listing Condition Standard