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For sale
    • Price increase: $200K (7/15)
    $4,925,000

    1723 Ridge Ave, Philadelphia, PA 19130

    21beds
    --baths
    16,250sqft
    : 
    $31,449/mo
    Get pre-qualified
    Multi Family
    Built in 2022
    -- sqft lot
    $-- Zestimate®
    $303/sqft
    $-- HOA

    What's special

    Ground floor commercial spaceDesigner apartmentsPanoramic rooftop terraceExquisite curb appealLuxury interiorsUnparalleled city skyline 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. 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.
    423 days
    |
    303
    |
    30
    |

    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#: PAPH2490130MLS Logo

      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

        Not available

        Estimated sales range

        Not available

        $2,111/mo

        Price history

        DateEventPrice
        7/15/2026Price change$4,925,000+4.2%$303/sqft
        Source: Bright MLS #PAPH2490130 Report a problem
        7/10/2026Price change$4,725,000-5.5%$291/sqft
        Source: Bright MLS #PAPH2490130 Report a problem
        4/27/2026Price change$5,000,000-2.9%$308/sqft
        Source: Bright MLS #PAPH2490130 Report a problem
        2/17/2026Price change$5,150,000-3.7%$317/sqft
        Source: Bright MLS #PAPH2490130 Report a problem
        11/10/2025Price change$5,350,000-2.7%$329/sqft
        Source: Bright MLS #PAPH2490130 Report a problem
        7/16/2025Price change$5,500,000-3.5%$338/sqft
        Source: Bright MLS #PAPH2490130 Report a problem
        6/4/2025Listed for sale$5,700,000$351/sqft
        Source: Bright MLS #PAPH2490130 Report a problem
        6/23/2022Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        6/10/2022Price change$2,350+38.2%
        Source: Zillow Rental Network Premium #PAPH2108556 Report a problem
        4/25/2022Listed for rent$1,700
        Source: Zillow Rental Network Premium #PAPH2108554 Report a problem
        1/18/2022Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        12/21/2021Price change$1,700-22.6%
        Source: Zillow Rental Network Premium #PAPH2056068 Report a problem
        12/15/2021Listed for rent$2,195
        Source: Zillow Rental Network Premium #PAPH2056072 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2021$2,550 +3.4%--
        2018$2,466 +29.4%--
        2017$1,907 -15.1%--
        2016$2,245 --
        2015$2,245 --
        2014$2,245 +55.3%$137,900 +1201.9%
        2012$1,446 $10,592
        2011-- $10,592
        2010-- $10,592
        2009-- $10,592
        2008-- $10,592
        2007-- $10,592
        2006-- $10,592
        2005-- $10,592
        2004-- $10,592
        2003-- $10,592 +3.4%
        2002-- $10,240
        2000-- $10,240
        1999-- $10,240
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Francisville

        Getting around

        86 / 100
        Very Walkable
        79 / 100
        Excellent Transit
        79 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Philadelphia City

        Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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