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.
Presented By: Select Commercial Advisors
Interior Features for 6526 Ridge Avenue
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
BasementFull
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
General for 6526 Ridge Avenue
AccessibilityNone
Architectural StyleContemporary
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsGoogle Maps
Garage Y/NNo
HeatingCentral
Location TypeUrban
Lot Size Square Feet6534.00
Lot Size UnitsSquare Feet
MLS Area19128 (19128)
ModificationTimestamp2025-05-21T08:49:40
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total2
Number of Units Leased2
NumberOfUnitsVacant
One Bedroom Units Count1
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG207.64
Property ConditionExcellent
Property SubtypeDuplex
Property TypeMulti-Family
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
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