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 July 16, 2025
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Source: BrightMLS #PAPH2490130
Listing Facts
TypeMulti-family
NeighborhoodFrancisville
Days on Prevu94
Taxes$4,728/year
Size16,250 sqft
Price per sqft$338
Location
Mortgage Calculator
Listing History
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: 6.41
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
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