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1723 Ridge AvenuePhiladelphia, PA 19130Price: $4,925,000

  • Price: $4,925,000
  • 516 Days on Market
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Federal 30-year interest rate: 7.32% last updated on Oct 22, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • 0.09Acreage
  • 2022Year Built
  • DowntownLocationType
  • 303Price Per Square Foot
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. 7% PRO FORMA CAP. 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-FULLY LEASED. 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.
Listed by Ryan J McManus of Keller Williams Liberty Place

Driving Directions

Railey Vacations
Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

More Info

Location Information

  • UsmAreaPhiladelphia -

Parking

  • Parking TypesNone

Basic Information

  • Date Listed05/27/2025

Location

  • Address1723 Ridge Avenue
  • Building Number1723
  • CountyPhiladelphia
  • Cross Street17TH ST
  • DirectionsBETWEEN 17TH AND 18TH ON RIDGE AVENUE.
  • IncorporatedcitynamePhiladelphia
  • StatePA
  • SubdivisionFrancisville
  • TownPhiladelphia
  • Zip19130

Interior

  • FlooringLuxury Vinyl Plank

Utilities

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

Basic Information

  • Broker NameKeller Williams Liberty Place
  • List Price$4,925,000
  • LocationTypeDowntown
  • MLS NumberPAPH2484998
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot303
  • Security FeaturesExterior Cameras
  • StatusACT
  • Units15

Building

  • Builder NameTester
  • Building Area SourceEstimated
  • Building Area Total16250
  • Construction MaterialsBrick
  • FoundationConcrete Perimeter
  • Stories5
  • Year Built2022

Exterior

  • RoofTile

Amenities

  • Accessibility AmenitiesElevator
  • Other AmenitiesPool

Tax Information

  • Assessment Year2025
  • City Town Tax$2,080
  • City Town Tax Payment FrequencyAnnually
  • County Tax Payment FrequencyAnnually
  • School Tax$2,648
  • Tax Assessment Amount$337,800
  • Tax Lot190
  • Tax Year2024
  • Taxes$4,728
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.09
  • Business TypeApartment Building
  • Lot Dimensions SourceEstimated
  • Lot Size Dimensions52.00 x 76.00
  • Lot Size SourceAssessor
  • Lot Size Square Feet3,990
  • New Construction YNN
  • Property ConditionExcellent
  • Property SubTypeFive Or More Units
  • ZoningCMX25

Other

  • Cap Rate7
  • View Count1

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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 October 24, 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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