1654 Ridge presents a turnkey 7-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania. Acquire this 6.75-cap boutique apartment building in a Top-10 USA MSA with the benefit of a 10yr tax abatement (expiring 2028), minimal OPEX and ±10% rental upside based on market comparables. The apartments are spaciously configured with a mixture of four (4) 1bdx1ba units, two (2) 3bdx3.5ba penthouse units, and operational ground floor commercial space. Anchored on a highly visible corner lot in Francisville, this prime ±9,000 SF multifamily asset commands attention with its prominent height and curb appeal. Private balconies + roofdecks (+common roofdeck) provide outdoor enjoyment for tenants - and panoramic downtown Philly 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. Tenant occupied (48hr notice to tour). Enquire within for pro forma financials and building plans.

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Location Information

UsmAreaPhiladelphia -

Parking

Parking TypesNone

Basic Information

Date Listed05/05/2025

Location

Address1654 Ridge Avenue
Building Number1654
CountyPhiladelphia
Cross StreetWYLIE
DirectionsSE CORNER OF RIDGE AND WYLIE
IncorporatedcitynamePhiladelphia
StatePA
SubdivisionFrancisville
TownPhiladelphia
Zip19130

Exterior

RoofFiberglass

Legal

LandusecodeCA0
PossessionSettlement
Sale TypeStandard

Other

Cap Rate6
View Count3

Basic Information

Broker NameKeller Williams Liberty Place
List Price$2,399,999
LocationTypeDowntown
MLS NumberPAPH2475460
MLS Property TypeCommercial Sale
Price Per Square Foot267
StatusACT
Units7

Building

Building Area SourceEstimated
Building Area Total9000
Construction MaterialsMasonry
Entry Level1
Stories4
Year Built2018

Interior

FlooringLuxury Vinyl Plank

Utilities

Central Air YNYes
CoolingCentral A/C
Cooling FuelNatural Gas
Heat SystemCentral
Heating FuelNatural Gas
Heating YNYes
SewerPublic Sewer
Water HeaterNatural Gas
Water SourcePublic

Tax Information

Assessment Year2025
City Town Tax$2,634
City Town Tax Payment FrequencyAnnually
County Tax Payment FrequencyAnnually
School Tax$3,353
Tax Assessment Amount$427,809
Tax Lot159
Tax Year2024
Taxes$5,988
Total Taxes Payment FrequencyAnnually

Property

Acreage0.05
Business TypeApartment Building
Lot DescriptionCorner
Lot Dimensions SourceAssessor
Lot Size Dimensions23.00 x 97.00
Lot Size SourceAssessor
Lot Size Square Feet2,231
New Construction YNN
Property ConditionExcellent
Property SubTypeFive Or More Units
ZoningCMX25

Copyright 2026 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Railey Vacations participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated November 13, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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1654 Ridge AvenuePhiladelphia, PA 19130Price: $2,399,999

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1654 Ridge AvenuePhiladelphia, PA 19130Price: $2,399,999

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