Pamela Schwartz
Pamela Schwartz
RS278294

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1723 RIDGE AVENUEPHILADELPHIA, PA 19130

Multi-Family · 16,250 Sq. ft. | 0.09 Acres
$5,000,000 ACTIVE

1723 RIDGE AVENUE Overview

Time on Site:
390 days
Visits:
24

Prime on Ridge presents a turnkey 15-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania — the top destination in the world to visit in 2026. Acquire this —16,250 SF, 5-storey, boutique luxury apartment building in a Top-10 USA MSA for rent-growth with the benefit of a FULL 10yr tax abatement (expiring 2032), minimal OPEX and ±15% rental upside based on market comps. These designer apartments are professionally built (2022 vintage) with an even mixture of seven (7) 1bd units and seven (7) 2bd units atop ground floor commercial space. Anchored on a highly visible block in Francisville (19130), this superior multifamily asset commands attention within the renter pool with its exquisite curb appeal and luxury interiors. The panoramic rooftop terrace provides unparalleled city skyline views. Easy access into Fairmount, Center City, Museums District, North Broad District + more — a completely accessible location — walkable to all of the world-class urban attractions Philadelphia has to offer. Enquire within for pro forma financials and building plans.

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1723 RIDGE AVENUE Facts & Features

  • Type Multi-Family
  • Sq. ft. 16,250
  • Price/Sq.ft. $308
  • Lot 0.09 Acres

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 16250
  • Year Built: 2022

Location/Region

  • Country: US
  • County: PHILADELPHIA
  • County Or Parish: PHILADELPHIA
  • MLS Area Major: 19130 (19130)
  • Subdivision Name: FRANCISVILLE

Parking Information

  • Total Parking Spaces: 0
  • Type of Parking: None

Tax Information

  • City/Town Tax: 2080.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax Payment Frequency: Annually
  • School Tax: 2648.00
  • Tax Annual Amount: $4,728.00
  • Tax Assessed Value: 337800.00
  • Tax Year: 2024

General Information

  • Property Condition: Excellent
  • Property Sub Type: Other
  • Property Type: Multi-Family
  • Rent Control: No
  • School District Name: PHILADELPHIA CITY
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: CMX25

Interior

Building Information

  • Cooling Fuel: Natural Gas
  • Heating Fuel: Natural Gas

Parking Information

  • Garage: No

Building Exterior/Construction

  • Structure Type: Other

Building Interior

  • Above Grade Finished Area: 16250
  • Above Grade Finished Area Source: Estimated
  • Above Grade Finished Area Units: Square Feet
  • Central Air: Yes
  • Hot Water: Electric

General Information

  • Accessibility Features: Elevator
  • Cooling: Central A/C
  • Flooring: Luxury Vinyl Plank
  • Foundation Details: Concrete Perimeter
  • Living Area: 16250
  • Living Area Source: Estimated
  • Security Features: Exterior Cameras
  • Stories Total: 5

Unit Information

  • One Bedroom Units Count: 7
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 0
  • Two Bedroom Units Count: 7

Exterior

Lot Information

  • Lot Dimensions Source: Estimated
  • Lot Size Dimensions: 52.00 x 76.00
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 3990.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • View: City
  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Other
  • Construction Materials: Brick
  • Roof: Tile

General Information

  • Number Of Units Leased: 15
  • Number Of Units Total: 4
  • Other Structures: Above Grade
  • Sewer: Public Sewer
  • Water Access: No

1723 RIDGE AVENUE Neighborhood

Community

19130 (PHILADELPHIA) Demographics

33
Median Age
20,294
Population Density (per sq. mile)
78%
College Educated
$88,858
Estimated Median Income
5,631
Estimated Total Home Owners
8,800
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

1723 RIDGE AVENUE Monthly Cost

$
$ %
%
$
$
Lauren Gyza
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1723 RIDGE AVENUE Market Data

Based on the last 30 days in this zip code

$575,888
Average List Price
$399
Average Price per Square Foot
44
Properties Sold
86
Average Days on Market
157
Properties for Sale
Calculations provided by Reliance Network

1723 RIDGE AVENUE History

Date Event Value Agent
4/27/2026Source: BRIGHT MLS Price Reduction
$5,000,000 -2.9%
4/27/2026Source: BRIGHT MLS Price Reduction
$5,000,000 -2.9%
2/17/2026Source: BRIGHT MLS Price Reduction
$5,150,000 -3.7%
2/17/2026Source: BRIGHT MLS Price Reduction
$5,150,000 -3.7%
11/10/2025Source: BRIGHT MLS Price Reduction
$5,350,000 -2.7%
11/10/2025Source: BRIGHT MLS Price Reduction
$5,350,000 -2.7%
7/16/2025Source: BRIGHT MLS Price Reduction
$5,500,000 -3.5%
7/16/2025Source: BRIGHT MLS Price Reduction
$5,500,000 -3.5%
6/4/2025Source: BRIGHT MLS Added to Database
June 04, 2025
5/27/2025Source: BRIGHT MLS Status Change
ACTIVE
5/20/2025Source: BRIGHT MLS Added to Database
May 20, 2025
Listing provided courtesy of Keller Williams Liberty Place- MLS# PAPH2490130MLS ProviderContact Information: [email protected] - 6093995454