1723 Ridge Avenue, Philadelphia, PA 19130 - Photo 1

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$5,350,000

For Sale
Active
Multi-Family
Updated 4 days ago

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Property Description

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.

Full Property Details

Full Property Details for 1723 Ridge Ave

General

Price: $5,350,000
Taxes: $4,728 (2024)
Status: Active
Type: Multi-Family
Source: BrightMLSPhilly
MLS ID: PAPH2490130
Updated: 12/17/2025
Added to Site: 228 day(s) ago

Interior

Flooring: Luxury Vinyl Plank

Additional Information

Security/Safety: Exterior Cameras

Parking

Parking Type: None

Location

Area: 19130 (19130)
Municipality: PHILADELPHIA
County: PHILADELPHIA
Subdivision: FRANCISVILLE
Cross Streets: 17Th St
Driving Directions: BETWEEN 17TH AND 18TH ON RIDGE AVENUE.
Location Details: Downtown

School Information

School District: Philadelphia City

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Natural Gas
Heating Type: Central
Heating Fuel: Natural Gas
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Style: Other
Structure Type: Other
Architect: CANNO
Construction: Brick
Foundation: Concrete Perimeter
Roof: Tile
Stories/Levels: 5
Square Feet: 16,250
Sq. Ft. Source: Estimated
Living Area: 16,250 Sq. Ft.
Finished Above Grnd: 16,250 Sq. Ft.
Year Built: 2022
Year Built Source: Estimated
Property Condition: Excellent

Lot Features

Property View: City
Lot Size (Acres): 0.09
Lot Size (Sq. Ft.): 3,990
Lot Size Source: Estimated
Lot Dimensions: 52.00 x 76.00
Zoning: CMX25

Financial Considerations

Price Per Sq. Ft.: $329.23
Assessment Year: 2025
School Tax: $2,648
City/TownTax: $2,080
City/TownTax Freq: Annually
County Tax Freq: Annually
Tax w/Assessment: $337,800
Tax Amount: $4,728
Tax Year: 2024

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 190

Listed by Keller Williams Liberty Place, Ryan J McManus and Keller Williams Liberty Place, Brandon Ribeiro

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Listing agents

— 1723 Ridge Ave —

Ryan J McManus

Keller Williams Liberty Place
Brandon Ribeiro

Keller Williams Liberty Place

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NMLS#: 1598647

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Schools

Schools serving 1723 Ridge Ave

School District:Philadelphia City School District

Name	Grades	Distance
Meade Gen George C School 1600 North 18th Street, Philadelphia, PA 19121	K-8	0.5 mi
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130	12-11	0.6 mi
Vaux HS: A Big Picture School 2300 Master Street, Philadelphia, PA 19121	12-	0.6 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1723 Ridge Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/10/2025

Price Reduced

$5,350,000

-2.73%

MLS

7/16/2025

Price Reduced

$5,500,000

-3.51%

MLS

6/04/2025

Listed

$5,700,000

23.91%

MLS

1/24/2022

Sold

$4,600,000

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1723 Ridge Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$4,729

—

$3,378,000

—

2024

$4,729

—

$3,378,000

100%

2023

$4,729

—

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 1723 Ridge Ave

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Beds
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Total Baths
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1723 Ridge Avenue, Philadelphia, PA 19130 (MLS# PAPH2490130) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1723 Ridge Avenue is currently listed for $5,350,000 and was received on June 04, 2025. Want to learn more about 1723 Ridge Avenue? Do you have questions about finding other Multi-Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

1723 Ridge Ave Philadelphia, PA 19130