Ridley Park, PA 19078,15 W RIDLEY AVE
Ridley Park, PA 19078,15 W RIDLEY AVE
Ridley Park, PA 19078,15 W RIDLEY AVE
38
Listed by John J Gauntlett IV • KW Empower
Bought with William Holder • RE/MAX Classic
$535,000
$600,000
10.8%
Est.Price: ?

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8,276 SqFt

15 W RIDLEY AVE Ridley Park, PA 19078

Est. payment /mo
SOLD DATE : 07/25/2025

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Key Details

Sold Price $535,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 8,276 sqft

Price per Sqft $64

MLS Listing ID PADE2089812

Sold Date 07/25/25

Year Built 1900

Annual Tax Amount $12,080

Tax Year 2024

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 88.00 x 120.00

Property Sub-Type Five Or More Units

Source BRIGHT

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

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Utilities Available Natural Gas Available

Water Access N

Accessibility None

Total Parking Spaces 2

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Ridley

Others

Tax ID 37-00-01744-00

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)

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agent

Zachary Foust

Team Leader | License ID: RS-0024322

+1(302) 503-6647

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