$5,500,000
$200K PRICE DROP

1723 Ridge Ave Philadelphia, PA 19130

Fairmount Neighborhood

Estimated payment $29,582/month

Total Views 5,280
-- 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.

Listing Agent

Ryan McManus

ryan@agentphl.com Keller Williams Liberty Place Listed on: 06/04/2025

Co-Listing Agent

Brandon Ribeiro

(445) 300-9082 brandon@agentphl.com Keller Williams Liberty Place

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,728

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2022
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Luxury Vinyl Plank
  • Foundation Details: Concrete Perimeter
  • Total Sq Ft: 16250
  • Living Area Sq Ft: 16250
  • Price Per Sq Ft: 338.46
  • Above Grade Finished Sq Ft: 16250
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Roof: Tile
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Security: Exterior Cameras
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.09
  • Lot Dimensions: 52.00 x 76.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3990.00
  • Property Condition: Excellent
  • Zoning: CMX25

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2648.00
  • Tax Annual Amount: 4728.00
  • Assessor Parcel Number: 881443730
  • Tax Lot: 190
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: PHILADELPHIA CITY

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

Source: Bright MLS

MLS Number: PAPH2490130

Bright MLS

APN: 47-1-2669-10

Pennsylvania Philadelphia County Philadelphia 19130 Fairmount

1723 Ridge Ave, Philadelphia, PA

This home is located at 1723 Ridge Ave, Philadelphia, PA 19130 and is currently priced at $5,500,000, approximately $338 per square foot. This property was built in 2022. 1723 Ridge Ave is a home located in Philadelphia County with nearby schools including Gen. George C. Meade School, Vaux High School: A. Big Picture School, and People For People Charter School.

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Ryan McManus
Listing Agent
Ryan McManus
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Keller Williams Liberty Place
(267) 838-5265