$2,399,999
( $266.67Per Sq Foot )
 $12,884 est/mo Sourced by Back At You

1654 Ridge Ave,PHILADELPHIA, PA 19130

PHILADELPHIA, PA 19130

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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.

Details

MLS #PAPH2475460
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year2018
Days On Site528
Listing Provided ByKeller Williams Liberty Place | Ryan J McManus

Features

Story(s)4
Units7
ZoningCMX25
Acreage0.05
Property ViewCity

Interior

CoolingCentral A/C
Heating Yes / NoYes
HeatingCentral

Exterior

RoofFiberglass
Construction MaterialsMasonry
Lot FeaturesCorner

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount5988

Area Information

StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19130
Area19130 (19130)
Community NameFRANCISVILLE
School DistrictPHILADELPHIA CITY
Sourced by Back At You

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Learn More About This Property

Marie Kovach

Marie Kovach

Class Harlan Real Estate

RS317730ABR, SRES (215) 651-3909mariekovach@hotmail.com
StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19130
Area19130 (19130)
Community NameFRANCISVILLE
School DistrictPHILADELPHIA CITY
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.799M - $2.999M
sqft: 0 - 0
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Listing Updated: September 29, 2026 at 1:52:57 AM PDT