Philadelphia, PA 19130,1654 RIDGE AVE
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Philadelphia, PA 19130,1654 RIDGE AVE
Philadelphia, PA 19130,1654 RIDGE AVE
Philadelphia, PA 19130,1654 RIDGE AVE
Philadelphia, PA 19130,1654 RIDGE AVE
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Marina Nelson

Marina Nelson

+1(831) 583-5696
Listed by Ryan J McManus • Keller Williams Liberty Place
$ 2,399,999
Est. payment /mo
Save
Active

1654 RIDGE AVE Philadelphia, PA 19130

2,231 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Francisville

MLS Listing ID PAPH2475460

Year Built 2018

Available Date 2025-05-05

Annual Tax Amount $5,988

Tax Year 2024

Lot Size 2,231 Sqft

Acres 0.05

Lot Dimensions 23.00 x 97.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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.

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning CMX25

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Flooring Luxury Vinyl Plank

Heat Source Natural Gas

Exterior

Water Access N

View City

Roof Type Fiberglass

Accessibility None

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881443720

Ownership Fee Simple

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Penn Alexander School

    Public | KG - 8

  • 9

    Masterman Julia R Secondary School

    Public | 5 - 12

  • 8

    Meredith School

    Public | KG - 8

  • 7

    Christopher Columbus Charter School

    Public | KG - 8

  • 7

    Folk Arts-Cultural Treasures Charter School

    Public | KG - 8

  • 7

    General George A. McCall School

    Public | KG - 8

  • 7

    Laboratory Charter School

    Public | KG - 8

  • 6

    Albert M. Greenfield School

    Public | KG - 8

  • 6

    Independence Charter School

    Public | KG - 8

  • 5

    Russell Byers Charter School

    Public | PK - 6

  • 5

    Alliance for Progress Charter School

    Public | KG - 8

  • 5

    Eliza Butler Kirkbride School

    Public | KG - 8

  • 5

    Young Scholars Charter School

    Public | 5 - 8

  • 4

    Robert Morris School

    Public | KG - 8

  • 4

    Chester A. Arthur School

    Public | KG - 8

  • 4

    Bache-Martin Elementary School

    Public | PK - 8

  • 4

    Wissahickon Charter School

    Public | KG - 8

  • 4

    Andrew Jackson School

    Public | PK - 8

  • 4

    Math Civics and Sciences Charter School

    Public | 1 - 12

  • 4

    People for People Charter School

    Public | KG - 8

Middle Schools 10
  • 4

    Mastery Charter High School

    Public | 7 - 12

  • 3

    Esperanza Academy Charter High School

    Public | 6 - 12

  • 2

    Eastern University Academy Charter School

    Public | 7 - 12

  • 2

    The Sd of Philadelphia Virtual Academy

    Public | 6 - 12

  • 2

    The Promise Academy at Roberto Clemente Middle School

    Public | 6 - 8

  • 1

    World Communications Charter School

    Public | 6 - 12

  • 1

    Penn Treaty

    Public | 6 - 12

  • 0

    Wordsworth Academy

    Private | 6 - 12

  • 0

    Student Education Center & Delaware Valley High School

    Private | 8 - 12

  • 0

    Wakisha Charter School

    Public | 6 - 8

High Schools 20
  • 8

    Science Leadership Academy

    Public | 9 - 12

  • 8

    Academy at Palumbo

    Public | 9 - 12

  • 7

    Carver High School

    Public | 9 - 12

  • 7

    Bodine William W High School

    Public | 9 - 12

  • 5

    Preparatory Charter School of Mathematics Science

    Public | 9 - 12

  • 5

    Creative and Performing Arts

    Public | 9 - 12

  • 5

    Philadelphia Electrical & Tech Chs

    Public | 9 - 12

  • 5

    Parkway-Center City

    Public | 9 - 12

  • 5

    Philadelphia Military Academy at Elverson

    Public | 9 - 12

  • 5

    Multi-Cultural Academy Charter School

    Public | 9 - 12

  • 4

    Paul Robeson High School for Human Services

    Public | 9 - 12

  • 4

    Franklin Lc

    Public | 9 - 12

  • 4

    Constitution High School

    Public | 9 - 12

  • 2

    Randolph A. Philip Avt High School

    Public | 9 - 12

  • 1

    School of the Future

    Public | 9 - 12

  • 1

    Universal Audenried Charter High School

    Public | 9 - 12

  • 1

    Strawberry Mansion High School

    Public | 9 - 12

  • 1

    Dobbins Avt High School

    Public | 9 - 12

  • 1

    Benjamin Franklin High School

    Public | 9 - 12

  • 1

    Mastery Charter School at Gratz

    Public | 9 - 12

School and business data provided by Attom Data.
Marina Nelson

Marina Nelson

Agent | License ID: 0225265044

+1(831) 583-5696

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1654 RIDGE AVE