Date
Details
Price
Change
Source
5/05/2025
Listed
$2,399,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 1654 Ridge Ave
General
- Price: $2,399,999
- Taxes: $5,988 (2024)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PAPH2475460
- Updated: 3/6/2026
- Added to Site: 335 day(s) ago
Business
- Business Type: Apartment Building
Interior
- Flooring: Luxury Vinyl Plank
Parking
- Parking Type: None
Location
- Area: 19130 (19130)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: FRANCISVILLE
- Cross Streets: Wylie
- Driving Directions: SE CORNER OF RIDGE AND WYLIE
- Location Details: Downtown
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Central
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Roof: Fiberglass
- Entry Floor Number: 1
- Stories/Levels: 4
- Building Size: 9000
- Year Built: 2018
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Property View: City
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,231
- Lot Size Source: Assessor
- Lot Dimensions: 23.00 x 97.00
- Zoning: CMX25
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $266.67
- Assessment Year: 2025
- School Tax: $3,353
- City/TownTax: $2,634
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $427,809
- Tax Amount: $5,988
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 159
Listed by Keller Williams Liberty Place, Ryan J McManus and Keller Williams Liberty Place, Brandon Ribeiro
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 1654 Ridge Ave —
Ryan J McManus
Keller Williams Liberty Place
Brandon Ribeiro
Keller Williams Liberty Place
Listing Office Email: klrw903@kw.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1654 Ridge Ave
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Waring Laura W School 1801 Green Street, Philadelphia, PA 19130 | K-8 | 0.4 mi |
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130 | 12-11 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1654 Ridge Ave
Tax History
Tax History for 1654 Ridge Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,988
—
$1,435,600
—
2024
$5,988
—
$1,435,600
100%
2023
$5,988
-9%
100%
2021
$6,608
10%
-100%
2023
$5,988
-9%
$427,809
-73%
2020
$6,608
—
$1,575,600
—
2019
$6,592
3%
$1,571,700
3%
2018
$6,400
23%
$1,526,000
312%
2017
$5,185
—
$370,400
—
2016
$5,185
4%
$370,400
—
2015
$4,963
—
$370,400
—
2014
$4,963
144%
$370,400
1681%
2013
$2,032
—
$20,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1654 Ridge Ave
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- Townhouse
- Active
- Updated 2 days ago
- 4Beds
- 2Total Baths
- 1,317Sq. Ft.
Listed by Cordell Boyd (856) 287-9753
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 2Total Baths
- 1,813Sq. Ft.
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1654 Ridge Avenue, Philadelphia, PA 19130 (MLS# PAPH2475460) is a Apartment property. 1654 Ridge Avenue is currently listed for $2,399,999 and was received on May 05, 2025. Want to learn more about 1654 Ridge Avenue? Do you have questions about finding other Apartment real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.