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1654 Ridge Ave
For Sale $2,399,999
$2,399,999
- 7 Units
- Unknown Sq Ft
- 2,231 Sq Ft
- Unknown Cap Rate
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,399,999 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 4 stories |
| Parking Spots | 0 spots |
| Year Built | 2018 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881443720 |
| MLS # | PAPH2475460 |
| Property ID | 321735954 |
| Lot Sqft | 2,231 |
| Zoning | CMX25 |
| Total Units | 7 |
| Days on Market | 235 |
| Original List Price | Unknown |
| Date Updated | November 29, 2025 |
| Date Created | May 04, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Ryan J McManus an agent of Keller Williams Liberty Place. Lic #RS316262
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Data last updated: December 25, 2025.
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Robert Crawford
REAL ESTATE AGENT