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$2,399,999
9,000
square ft

1654 Ridge Avenue
PHILADELPHIA, Pennsylvania 19130

Active / MLS #PAPH2475460 / Commercial / Mixed Use / PHILADELPHIA
Listing information updated 11/29/2025 at 9:21am
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.
Lot Size:
2231.00 Square Feet
Acreage:
0.05
Built:
2018
Cooling System:
Central A/C
Roof:
Fiberglass
Business Use:
Apartment Building
Zoning:
CMX25
Building Square Feet:
9,000
Tax Amount:
$5,988
Tax Year:
2024
Zip Code:
19130
City:
Philadelphia
County:
Philadelphia

Listing Office: Keller Williams Liberty Place

Listing Office Phone: 609.399.5454

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1654 Ridge Avenue, Philadelphia, PA 19130 is a commercial / mixed use currently listed at $2,399,999. This commercial / mixed use has been listed on RLAH @properties since May 5th, 2025 and was built in 2018.