3339 Ridge Avenue, a cash-flowing triplex. This 3,100 sq. ft. multifamily property features three spacious 2-bedroom units, including Unit A with 2.5 baths. The building is fully sprinklered and includes an unfinished basement, offering additional storage or utility space. Current rents total $4,550/month, generating $54,600 in annual gross income. Based on current expenses, the property produces an estimated NOI of $49,378.09 and an approximate in-place cap rate of 8.37%. Property Highlights: • Triplex with three income-producing units • Current monthly rent: $4,550 • Annual gross income: $54,600 • Estimated NOI: $49,378.09 • cap rate: 8.37% • 3,100 sq. ft. A strong addition to any investor portfolio with solid in-place income and long-term rental upside.
Multi-familyProperty Type
1915Year Built
1,405 sq ftLot Size
$167Price/Sq.Ft.
Listed by Alyce Gerhardt• Keller Williams Liberty Place
Strawberry Mansion, located between Fairmount Park and North Philadelphia, is a historic and residential Philadelphia neighborhood with grand hillside architecture and long park edges. The neighborhood’s character concentrates around Ridge Avenue near 33rd Street, where corner takeouts, barbershops, and small storefronts line the corridor. The Strawberry Mansion Community Center, Smith Memorial Playground & Playhouse, and the Please Touch Museum serve as familiar cultural anchors nearby. Large stone and brick homes sit on elevated blocks, with leafy views toward the Schuylkill River drives. Trails, ballfields, and picnic lawns in Fairmount Park shape daily routines. Transit along Ridge Avenue links the area to Center City and East Falls.
Provided by Walk Score and Local Logic
Offer insights
3339 Ridge Ave · $557,992
$555K and above
75% chance or better to win
Why $555K+ is a strong offer
DAYS ON MARKET
91 days
The average home goes pending in 149 days.
SALE-TO-LIST
93.4%
Most homes are selling 7% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Estimated living area
No basement
Bedrooms
Three two-bedroom units
Heating & cooling
Central heating (natural gas)
Central air conditioning (natural gas)
Natural gas hot water
Exterior features
Bump-outs
Lot about 16 x 89 feet
No tidal water
Home design
Interior townhouse/rowhouse
Three total levels
Fee simple ownership
Major renovation in 2020 (effective year)
Construction
Masonry construction
Other foundation
Above-grade and below-grade structures
Estimated year built
Utilities
Public water
Public sewer
Financial info
Land assessed value reported
Improvement assessed value reported
Property assessed and taxed (2025 tax year)
Other
Three total residential units, all leased
All units are two-bedroom
Urban location in Philadelphia (cross street: York)
Electricity and solar
View estimated energy costs and solar savings for this home
The RM, Residential Multi-Family districts are primarily intended to accommodate moderate- to high-density, multi-unit residential buildings in areas where such development already exists or where it is desired in the future. The Zoning Code includes four RM districts. These districts are differentiated primarily on the basis of allowed minimum lot area per unit and allowed building heights.
Zone overlays
Narcotics Injection Sites Overlay District
Fourth District Overlay - Fourth District Area
Permitted uses
Include but are not limited to:
Assembly / meeting place
Community / recreation center
Religious facility
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Fire house
Police station
Recreation-Other
Jun 14, 2022 • Final
Fire suppression
Install a fire suppression system including a service line and backflow prevention assembly.
Fire sprinkler
Sep 25, 2020 • Final
Building
Perform interior renovations to an existing multi-family residential building with three units. Work includes the erection of partition walls and providing finishes and furnishings throughout. The building is fully sprinklered in accordance with fire safety standards.
New construction
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Philadelphia, PA • 19132
Average low and high temperatures (°F)
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59
40
68
48
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88
72
83
66
80
64
70
51
57
42
43
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
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Dec
Sun exposure
58/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3339 Ridge Ave
$535,100
$23K under list price of $558K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $136K to $480K.