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  • 390 days on site
  • 24 views

Prime on Ridge presents a turnkey 15-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania — the top destination in the world to visit in 2026. Acquire this —16,250 SF, 5-storey, boutique luxury apartment building in a Top-10 USA MSA for rent-growth with the benefit of a FULL 10yr tax abatement (expiring 2032), minimal OPEX and ±15% rental upside based on market comps. These designer apartments are professionally built (2022 vintage) with an even mixture of seven (7) 1bd units and seven (7) 2bd units atop ground floor commercial space. Anchored on a highly visible block in Francisville (19130), this superior multifamily asset commands attention within the renter pool with its exquisite curb appeal and luxury interiors. The panoramic rooftop terrace provides unparalleled city 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. Enquire within for pro forma financials and building plans.

Source: BRIGHT MLS, MLS#: PAPH2490130

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  • Property Type
    Residential Income
  • Lot
    0.09 acres

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Joe DeLorenzo

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1723 RIDGE AVENUE

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/27/2026Source: BRIGHT MLS Price Reduction
$5,000,000 -2.9%
4/27/2026Source: BRIGHT MLS Price Reduction
$5,000,000 -2.9%
2/17/2026Source: BRIGHT MLS Price Reduction
$5,150,000 -3.7%
2/17/2026Source: BRIGHT MLS Price Reduction
$5,150,000 -3.7%
11/10/2025Source: BRIGHT MLS Price Reduction
$5,350,000 -2.7%
11/10/2025Source: BRIGHT MLS Price Reduction
$5,350,000 -2.7%
7/16/2025Source: BRIGHT MLS Price Reduction
$5,500,000 -3.5%
7/16/2025Source: BRIGHT MLS Price Reduction
$5,500,000 -3.5%
6/4/2025Source: BRIGHT MLS Added to Database
June 04, 2025
5/27/2025Source: BRIGHT MLS Status Change
ACTIVE
5/20/2025Source: BRIGHT MLS Added to Database
May 20, 2025
Listing provided courtesy of Keller Williams Liberty Place- MLS# PAPH2490130MLS ProviderContact Information: [email protected] - 6093995454