For sale

$4,925,000

Est. $29,389/mo —

•

— ba

•

16,250

sq ft

1723 Ridge Ave, Philadelphia, PA 19130

About this home

Prime on Ridge presents a turnkey 15-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania the top destination in the world to visit in 2026. 7% PRO FORMA CAP. Acquire this 16,250 SF, 5-storey, boutique luxury apartment building in a Top-10 USA MSA for rent-growth with the benefit of a FULL 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 spaceFULLY LEASED. 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.

Multi-familyProperty Type

2022Year Built

3,990 sq ftLot Size

$303Price/Sq.Ft.

Listed by Ryan McManus • Keller Williams Liberty Place

•609-399-5454 (broker)

•klrw903@kw.com (broker)

Listed by Brandon Ribeiro • Keller Williams Liberty Place

•609-399-5454 (broker)

•klrw903@kw.com (broker)

Listing updated: Aug 30, 2026 at 11:16pm

Redfin checked: a minute ago

•Source:BRIGHT MLS #PAPH2490130

Payment calculator

$29,389 per month

Principal and interest$27,887

Property taxes

$394

HOA dues

Home insurance

$1,108

Utilities

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Affordability tools

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Next available date: Monday, October 5

Open houses

No upcoming open houses.

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Around this home

Schools

K - 12
Preschool & daycare

Meade General George C School

Public PreK-8 • Assigned • 0.5mi

4/10

Vaux HS: A Big Picture School

Public 9-12 • Assigned • 0.6mi

2/10

Provided by GreatSchools

About

Francisville

Francisville, located between Fairmount Avenue and Girard Avenue, is a residential and artsy Philadelphia neighborhood with a rowhouse streetscape and a pocket-park feel. The neighborhood’s character concentrates around Ridge Avenue near Fairmount Avenue, where corner cafes, small studios, and low-key bars set a steady, conversational pace. Community pillars include the Divine Lorraine Hotel’s landmark silhouette, the Metropolitan Opera House’s grand facade, and the Francisville Playground as a daily gathering green. Brick twins and newer infill sit side by side on tight blocks, with stoops and tree pits shaping the street scene. Broad Street’s transit spine frames the east edge, while Ridge Avenue angles through with a slightly off-grid energy.

Provided by Walk Score and Local Logic

Market insights

1723 Ridge Ave · $4,925,000

DAYS ON MARKET

The average home goes pending in 140 days.

SALE-TO-LIST

Most homes are selling 7% below list price.

LIST PRICE

Median list price in this area is $369,170. (93% lower than this home)

PRICE DROP

59% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Elevator
Excellent condition
Luxury vinyl plank flooring

Bedrooms
Seven 1-bedroom units
Seven 2-bedroom units

Flooring
Luxury vinyl plank

Heating & cooling
Central heating (natural gas)
Central air conditioning (natural gas)
Electric hot water

Sale and tax history for 1723 Ridge Ave

Sale History
Tax History

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

Lot width

52 ft.

Lot depth

73 ft.

Lot size

3,990 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

16,250

Unfinished Sq. Ft.

—

Total Sq. Ft.

16,250

Year built

2021

Style

Single Family Residential

County

Philadelphia County

APN

881443730

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 28, 2026.

CMX-2.5

/NIS

/VDO

Neighborhood Commercial Mixed-Use-2.5 District

The CMX-2.5, Neighborhood Commercial Mixed-Use district is primarily intended to accommodate active commercial and mixed-use development, including pedestrian-friendly retail and service uses in commercial nodes and along commercial corridors. The range of allowed uses is slightly narrower than the CMX-2 district and the development standards are intended to promote a pedestrian-oriented environment.

Zone overlays

Narcotics Injection Sites Overlay District
Fifth District Overlay District

Permitted uses

Include but are not limited to:

Bank
Day care facility
General retail
Hospital / medical center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Office
Research & development
Library

May 28, 2026 • Final

Mechanical / fuel gas

Gas

Dec 15, 2021 • Final

Building

Construct a new building with a first-floor commercial space and a multi-family residential area containing dwelling units from the first through fifth floors. The project includes an attached structure with a roof deck, bicycle parking spaces, and horizontal exits. The building will be fully sprinklered and requires separate permits for mechanical, electrical, plumbing, and elevator work.

New construction

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 104° expected this year, 15 days in 30 years

6/10 Wind Factor

27% chance of strong winds in next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Philadelphia, PA • 19130

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

69/ 100

Moderate sunlight

Sunscore

This home receives average direct sun exposure in Philadelphia. There appears to be some shading by surrounding buildings, terrain, and vegetation.

7.8 hrs

5.7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 1723 Ridge Ave

$4,126,307

$799K under list price of $4.93M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $460K to $800K.

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basement
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Details provided by BRIGHT MLS and may not match the public record. Learn more.

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