3339 Ridge Ave
Listing Notes
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.
Price in context
Cheaper than 17% of the 24 homes listed nearby right now, which run $325,000 to $700,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1750 N 25th St | $325,000 | 4 bd · 2.5 ba |
| 1810 N Marston St | $329,900 | 3 bd · 3 ba |
| 1416 N Dover St | $329,900 | 3 bd · 3 ba |
| 3421 Crawford St | $349,900 | 3 bd · 1.5 ba |
| 2900 W Allegheny Ave | $359,000 | — |
| 2711 W Jefferson St Unit 2 | $374,900 | 3 bd · 2 ba |
| 1711 N 26th St | $375,000 | — |
| 3725 Stanton St | $380,000 | 4 bd · 1.5 ba |
| 2809 W Jefferson St | $385,000 | 3 bd · 2.5 ba |
| 3520 W Allegheny Ave | $389,900 | 3 bd · 2.5 ba |
| 2942 Cecil B Moore Ave | $399,900 | 3 bd · 2.5 ba |
| 3521 Indian Queen Ln | $400,000 | 4 bd · 2.5 ba |
| 1517 N Marston St | $414,900 | 4 bd · 3 ba |
| 1404 N 27th St | $419,900 | 4 bd · 3 ba |
| 1450 N Dover St | $425,000 | 4 bd · 3 ba |
| 1452 N Newkirk St | $425,000 | 3 bd · 3 ba |
| 1410 N Dover St | $439,000 | 4 bd · 3 ba |
| 3721 Stanton St | $440,000 | 4 bd · 2.5 ba |
| 2814 W Oxford St | $479,900 | — |
| 2417 Cecil B Moore Ave | $498,000 | — |
| 2317 N 33rd St | $640,000 | — |
| 3215 3227 Ridge Ave | $649,900 | — |
| 3516 Sunnyside Ave | $650,000 | 4 bd · 3.5 ba |
| 3228 W Oxford St | $700,000 | — |
Where it is
For sale Coming soon Recently sold— zoom out for more