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. 7% PRO FORMA CAP. 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—FULLY LEASED. 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.
For sale
Price increase: $200K (7/15)
$4,925,000
1723 Ridge Ave, Philadelphia, PA 19130
21beds
--baths
16,250sqft
Multi Family
Built in 2022
-- sqft lot
$3,879,200 Zestimate®
$303/sqft
$-- HOA
What's special
Ground floor commercial spacePanoramic rooftop terraceExquisite curb appealLuxury interiorsUnparalleled city skyline views
- 473 days
- 166
- 22
Zillow last checked:
Listing updated:
Listed by:
Ryan McManus 610-606-1095,
Keller Williams Liberty Place 6093995454,
Co-Listing Agent: Brandon Ribeiro 267-945-8167,
Keller Williams Liberty Place
Source: Bright MLS,MLS#: PAPH2490130
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 21
Heating
- Central, Natural Gas
Cooling
- Central Air, Natural Gas
Appliances
- Included: Electric Water Heater
Features
- Flooring: Luxury Vinyl
- Has fireplace: No
Interior area
- Total structure area: 16,250
- Total interior livable area: 16,250 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Pool features: None
- Has view: Yes
- View description: City
Lot
- Size: 3,990 Square Feet
- Dimensions: 52.00 x 76.00
- Features: Downtown
Details
- Additional structures: Above Grade
- Parcel number: 881443730
- Zoning: CMX25
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Tile
Condition
- Excellent
- New construction: No
- Year built: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Exterior Cameras
- Subdivision: Francisville
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $303/sqft
- Tax assessed value: $337,800
- Annual tax amount: $4,728
- Date on market: 6/4/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
$3,879,200
$3.14M - $4.66M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Price change | $4,925,000+4.2%$303/sqft |
Source: | ||
| 7/10/2026 | Price change | $4,725,000-5.5%$291/sqft |
Source: | ||
| 4/27/2026 | Price change | $5,000,000-2.9%$308/sqft |
Source: | ||
| 2/17/2026 | Price change | $5,150,000-3.7%$317/sqft |
Source: | ||
| 11/10/2025 | Price change | $5,350,000-2.7%$329/sqft |
Source: | ||
| 7/16/2025 | Price change | $5,500,000-3.5%$338/sqft |
Source: | ||
| 6/4/2025 | Listed for sale | $5,700,000+23.9%$351/sqft |
Source: | ||
| 2/25/2022 | Sold | $4,600,000+1126.7%$283/sqft |
Source: Public Record Report a problem | ||
| 1/2/2020 | Sold | $375,000+715.2%$23/sqft |
Source: Public Record Report a problem | ||
| 3/9/1999 | Sold | $46,000$3/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $47,285 +900% | $3,378,000 |
| 2024 | $4,729 | $3,378,000 |
| 2023 | $4,729 | $3,378,000 |
Find assessor info on the county website
Monthly payment
Est. payment




