6526 Ridge Avenue, Philadelphia, PA 19128-2425 $549,000

# of Units: 2
Interior Sq. Ft: 2,644
Acreage: 0.15
Age:100 years
Taxes: $1,824
MLS#: PAPH2485176
Subdivision: Roxborough
Design/Type:
Detached

Description

6526 Manayunk is an historic duplex fully-renovated in 2020 with two bi-level apartments — a 1bd x 1ba unit and a 2bd x 1.5ba unit. Approximately five years remain on the full 10-year tax abatement, offering substantial property tax savings. The duplex is a part of a condominium consisting of five total units: the fully-renovated duplex (2 units) as well as three (3) ground-up new construction townhomes, all turnkey and income-producing, in the highly-desirable Roxborough submarket. ($549,000 list price is for duplex only). The duplex currently generates $37,800 in gross annual rent, with room to boost rents to market rate. Each townhome features 4 Beds + 3.5 Baths, two-car parking, private balconies & roof decks. (Package price $2,349,000 for full five-unit portfolio). The condominium arrangement offers investors a unique opportunity to sell off units individually, or maintain as a multi-unit portfolio. Benefit from steady cash flow and strong appreciation potential driven by the rapidly-developing Manayunk-Roxborough submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in the coming years, presenting a unique opportunity for investors to acquire a turnkey, income-producing asset with long-term upside.

Taxes: $1,824
Home Assoc: No
Condo Assoc: No
Garage: N
Basement: Y
Pool: No Pool
School Dist: The School District Of Philadelphia

Features

Utilities
Central Heating, Natural Gas, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer

Garage/Parking
On Street

Interior
Full Basement

Exterior
Masonry

Lot
Corner Lot, Urban, City View

Contact Information

Listing Courtesy of: Select Commercial Advisors , (215) 315-3326, info@select-ca.com

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Listing data as of 6/12/2025.