Agent profile image in chat bubble
Agent profile image in chat header

IDX Support

sales rep | Brivity IDX

Agent profile image in message

1600 Ridge Ave , Philadelphia, PA 19130
$1,375,000
Est. Payment: $7,427.99/mo
6 Bed
6 Bath
6220 Sqft
0.03 Acres
Status: active | Days on site: 47
Get Pre-Qualified
KWEMPWR - 3156290
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.

House Description

Investors, take notice! This 2023 new-construction 4-unit property offers the best of both worlds: the benefits of newer construction, time-tested over the past three years, plus approximately six years remaining on the full 10-year tax abatement. Double your economic benefit by being in a Qualified Opportunity Zone (QOF)! The property includes a commercial first-floor and basement space leased to a convenience store for $3,000/month plus a $100/month flat water fee through December 2031, along with three spacious 2-bedroom, 2-bath residential apartments currently rented for $2,200, $2,250, and $2,350 per month. Designed with privacy and flexibility in mind, each residential unit features bedrooms positioned on opposite sides of the apartment, making the layout ideal for platonic roommates, couples, families with children or frequent guests, or those who work from home. The primary bedroom, with an ensuite bath, is located on the Ridge Avenue side, while the second bedroom and hall bath are on the 16th Street side. Each apartment features a spacious kitchen and living area, soft neutral finishes, central air, and its own laundry room. Residential tenants pay their own gas & electric; water is included in their rents. The owner pays for the common-area lighting, heating, maintenance, and maintenance within the residential units. The commercial tenant is responsible for its own repairs and shoveling the snow around the building. Two separate stairwells—one from Ridge Avenue and one from 16th Street—serve all the units and provide access to the shared roof deck, offering a unique outdoor amenity with space to relax, entertain, enjoy the sunset, or start the day with fresh air. The seller also provided furniture for the residential units, adding convenience for tenants. With easy access to local transportation, neighborhood shops, Fairmount Avenue, and Center City, this property combines modern construction, diversified income, desirable residential layouts, and a valuable tax abatement in one compelling investment.

Highlights

Listed by Stacy L Sanseverino , 5129915648 KW Empower , 2156273500. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.03

Year Built

2023

County

Philadelphia

Area

19130 (19130)

Neighborhood

Francisville

School District

The School District Of Philadelphia

Listing ID

PAPH2673696

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:6
  • ▪ Full Bathrooms:6
Appliances:Microwave, Oven/Range - Gas, Refrigerator, Washer, Dryer, Dishwasher
Air Cond:Central A/C
Fireplaces:
Floor:Luxury Vinyl Plank,Ceramic Tile
Above Ground Sq Ft:5720
Below Ground Sq Ft:500
Basement:Full,Fully Finished
Water:Public

Exterior Features

Lot:Irregular,Corner,Not New Construction,Horse Property: No
Zoning:CMX25
Roof:Fiberglass
Others:
  • ▪ Additional:Excellent
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$7,428
Taxes
$307

Home Price

$1,375,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$275,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,427.99

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,427.99 $306.92 $0.00 $7,734.90
Yearly $89,135.86 $3,683.00 $0.00 $92,818.86
Total $2,674,075.68 $110,490.00 $0.00 $2,784,565.68
Lender profile image
Chico Gordy
Test
GET PRE-QUALIFIED

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Nov 2026

Average Price

All Price Ranges
N/A
Nov 2026

Average Days on Market

All Price Ranges
N/A
Nov 2026
Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS