1723 Ridge Ave Philadelphia, PA 19130
Fairmount NeighborhoodEstimated payment $30,304/month
Total Views
4,361
--
Bed
--
Bath
16,250
Sq Ft
$338
Price per Sq Ft
Highlights
- City View
- Exterior Cameras
- Luxury Vinyl Plank Tile Flooring
- 0.09 Acre Lot
- Downtown Location
- 5-minute walk to Ogden Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,728
Year Built
- Built in 2022
Lot Details
- 3,990 Sq Ft Lot
- Lot Dimensions are 52.00 x 76.00
- Downtown Location
- Property is in excellent condition
Home Design
- Brick Exterior Construction
- Tile Roof
- Concrete Perimeter Foundation
Interior Spaces
- 16,250 Sq Ft Home
- Luxury Vinyl Plank Tile Flooring
- City Views
- Exterior Cameras
Accessible Home Design
- Accessible Elevator Installed
Utilities
- Central Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Electric Water Heater
Community Details
- 4 Units
- 5-Story Building
- Francisville Subdivision
Listing and Financial Details
- Tax Lot 190
- Assessor Parcel Number 881443730
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2022 | $2,114 | $151,000 | $39,200 | $111,800 |
| 2021 | $1,921 | $0 | $0 | $0 |
| 2020 | $1,921 | $0 | $0 | $0 |
| 2019 | $1,907 | $0 | $0 | $0 |
| 2018 | $2,245 | $0 | $0 | $0 |
| 2017 | $2,245 | $0 | $0 | $0 |
| 2016 | $2,245 | $0 | $0 | $0 |
| 2015 | $1,446 | $0 | $0 | $0 |
| 2014 | -- | $137,900 | $14,464 | $123,436 |
| 2012 | -- | $10,592 | $2,120 | $8,472 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Price Changed | $5,500,000 | -3.5% | $338 / Sq Ft |
| 06/04/2025 06/04/25 | For Sale | $5,700,000 | -- | $351 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $375,000 | Land Services Usa Inc | |
| Deed | $46,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,700,000 | New Conventional | |
| Previous Owner | $3,650,000 | New Conventional | |
| Previous Owner | $3,243,000 | Commercial |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2490130
APN: 471266910
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