Philadelphia, PA 19130 1654 Ridge Avenue

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Presented By: Keller Williams Liberty Place
  • MLS# PAPH2475460
  • 04/28/2025
  • Request Tour
  • Request Info
  • SQFT • 6,000

Home Details

1654 Ridge presents a turnkey 7-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania. Acquire this boutique apartment building in a Top-10 USA MSA with the benefit of a 10yr tax abatement (expiring 2028), minimal OPEX and rental upside. 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 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. 10% rental upside for new Ownership based on below-market rents. Coming soon with professional photos. Tenant occupied (48hr notice to tour). Enquire within for pro forma financials and building plans.
Presented By: Keller Williams Liberty Place

Interior Features for 1654 Ridge Avenue

Other Interior Features

Central Air Y/NYes
FlooringLuxury Vinyl Plank
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Total Stories4

Other Rooms

Entry Level1

General for 1654 Ridge Avenue

AccessibilityNone
Business TypeApartment Building
Cap Rate6.50
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsSE CORNER OF RIDGE AND WYLIE
HeatingCentral
Location TypeDowntown
Lot Size Square Feet2231.00
Lot Size UnitsSquare Feet
MLS Area19130 (19130)
ModificationTimestamp2025-04-28T10:22:28
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total7
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG400.0
Property ConditionExcellent
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofFiberglass
SewerPublic Sewer
Standard StatusComing Soon
StatusCOMING SOON
Subdivision NameFRANCISVILLE
Tax Annual Amount5988.0
Tax Assessed Value427809.0
Tax Lot159
Tax Year2024
Vacation Rental Y/NNo
ViewCity
Water Access Y/NNo
Waterfront Y/NNo
Year Built2018
Year Built SourceEstimated
ZoningCMX25

Exterior for 1654 Ridge Avenue

Building Area Total6000.00
Land Assessed Value143560.00
Land Use CodeCA0
Lot Dimensions23.00 x 97.00
Lot FeaturesCorner
Lot Size Acres0.05
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $2,399,999
MLS#PAPH2475460
List Date 04/28/2025
Property Type Coming Soon
Phone 703.929.4729
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