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sales rep | Brivity IDX

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1654 Ridge Ave , Philadelphia, PA 19130
$2,399,999
Est. Payment: $12,965.21/mo
9000 Sqft
0.05 Acres
Status: active | Days on site: 535
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KWRLTYLP1 - 3197472,3308887
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House 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.

Highlights

Listed by Ryan J McManus , 6106061095 and Brandon Ribeiro , 2679458167 Keller Williams Liberty Place , 6093995454. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.05

Year Built

2018

County

Philadelphia

Area

19130 (19130)

Neighborhood

Francisville

School District

Philadelphia City

Listing ID

PAPH2475460

Questions about this listing?

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Interior Features

Air Cond:Central A/C
Fireplaces:
Floor:Luxury Vinyl Plank
Water:Public

Exterior Features

Lot:Corner,Not New Construction,Horse Property: No
Lot Dimensions:23.00 x 97.00
Zoning:CMX25
Roof:Fiberglass
Others:
  • ▪ Additional:Excellent
Sewer:Public Sewer
Principal Interest
$12,965
Taxes
$499

Home Price

$2,399,999

Loan Details

30 yrs
7.148%

Down Payment

20%
$480,000
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:
$12,965.21

Principal

Taxes

Principal Taxes HOA Total
Monthly $12,965.21 $499.00 $0.00 $13,464.21
Yearly $155,582.52 $5,988.00 $0.00 $161,570.52
Total $4,667,475.60 $179,640.00 $0.00 $4,847,115.60
Lender profile image
Chico Gordy
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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