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- $5.5M Price
- 16,250 Sqft
- .09 Acres
- 110 DOM
1723 Ridge Ave
Prime on Ridge presents a turnkey 15-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania. Acquire this —16,250 SF, 5-storey, boutique luxury apartment building in a Top-10 USA MSA with the benefit of a 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.
Essential Information
- MLS® #PAPH2484998
- Price$5,500,000
- Bathrooms0.00
- Square Footage16,250
- Acres0.09
- Year Built2022
- TypeCommercial Sale
- Sub-TypeFive Or More Units
- StatusActive
Community Information
- Address1723 Ridge Ave
- Area19130
- SubdivisionFRANCISVILLE
- CityPHILADELPHIA
- CountyPHILADELPHIA-PA
- StatePA
- MunicipalityPHILADELPHIA
- Zip Code19130
Amenities
- ViewCity
Interior
- HeatingCentral
- CoolingCentral A/C
- # of Stories5
Exterior
- ExteriorBrick and Siding
- RoofTile
- FoundationConcrete Perimeter
School Information
- DistrictPHILADELPHIA CITY
Additional Information
- Date ListedMay 27th, 2025
- Days on Market110
- ZoningCMX25
Listing Details
- OfficeKeller Williams Liberty Place
- Office Contact6093995454
Price Change History for 1723 Ridge Ave, PHILADELPHIA, PA (MLS® #PAPH2484998)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $5,700,000) | $5,500,000 | $200,000 (3.51%) | |
| Active (from Coming Soon) | – | – |
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Listing information last updated on September 13th, 2025 at 8:15am CDT.