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1723 Ridge AvenuePhiladelphia, PA 19130

For Sale

$5,350,000

Smart Buyer Rebate $53,500

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.

Listed by Ryan J McManus

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License #RS316262

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Keller Williams Liberty Place

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6106061095

Last updated November 10, 2025

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Source: BrightMLS #PAPH2490130

Listing Facts

  • TypeMulti-family
  • NeighborhoodFrancisville
  • Days on Prevu239
  • Taxes$4,728/year
  • Size16,250 sqft
  • Price per sqft$329

Location

Mortgage Calculator

Listing History

11/10/2025
Price Decreased
$5,350,000
07/16/2025
Price Decreased
$5,500,000
06/04/2025
Listed by Keller Williams Liberty Place
$5,700,000

Property Details for 1723 Ridge Avenue

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 4
  • Property Condition: Excellent
  • Roof: Tile
  • Stories Total: 5
  • Year Built: 2022
  • Architectural Style: Other
  • Construction Materials: Brick

Features

  • Other Structures: Above Grade
  • View: City
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Estimated
  • Lot Size Acres: 0.09
  • Lot Size Dimensions: 52
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 3,990
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.6

Taxes

  • Tax Annual Amount: $4,728.00
  • Tax Year: 2024

Interior

Features

  • Flooring: Luxury Vinyl Plank

Measurements

  • Living Area: 16,250
  • Living Area Source: Estimated

Other

Features

  • Accessibility Features: Elevator

Location

  • Subdivision Name: FRANCISVILLE
  • Tax Lot: 190

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Central A/C
  • Heating: Central
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1723 Ridge Avenue.

What are the annual taxes for 1723 Ridge Avenue?

Annual taxes for this multi-family home are estimated at $4,728.

How does 1723 Ridge Avenue compare to other multi-family homes in Francisville?

This multi-family home is listed 314% above the average price for multi-family homes in Francisville and has been on the market for 136 more days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 16,250 sqft.

1723 Ridge Avenue is a -bedroom multi-family home for sale in PHILADELPHIA PA 19130. Available on Prevu for 239 days at $5,350,000. This includes a recent price decrease of $150,000. This residence features 16,250 square feet of living space, located in Francisville. The median listing price for multi-family homes in this area is $499,900. Browse more multi-family home listings in Philadelphia.

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 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. Copyright BRIGHT, All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.