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.
For sale
Price cut: $150K (4/27)
$5,000,000
1723 Ridge Ave, Philadelphia, PA 19130
21beds
--baths
16,250sqft
Est.:
Multi Family
Built in 2022
-- sqft lot
$-- Zestimate®
$308/sqft
$-- HOA
What's special
Ground floor commercial spaceDesigner apartmentsPanoramic rooftop terraceExquisite curb appealLuxury interiorsUnparalleled city skyline views
- 355 days |
- 313 |
- 26 |
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
Tour with a local agent
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: $308/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
| Date | Event | Price |
|---|---|---|
| 4/27/2026 | Price change | $5,000,000-2.9%$308/sqft |
Source:  Bright MLS #PAPH2490130 Report a problem | ||
| 2/17/2026 | Price change | $5,150,000-3.7%$317/sqft |
Source: Bright MLS #PAPH2490130 Report a problem | ||
| 11/10/2025 | Price change | $5,350,000-2.7%$329/sqft |
Source: Bright MLS #PAPH2490130 Report a problem | ||
| 7/16/2025 | Price change | $5,500,000-3.5%$338/sqft |
Source: Bright MLS #PAPH2490130 Report a problem | ||
| 6/4/2025 | Listed for sale | $5,700,000$351/sqft |
Source: Bright MLS #PAPH2490130 Report a problem | ||
| 6/23/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/10/2022 | Price change | $2,350+38.2% |
Source: Zillow Rental Network Premium #PAPH2108556 Report a problem | ||
| 4/25/2022 | Listed for rent | $1,700 |
Source: Zillow Rental Network Premium #PAPH2108554 Report a problem | ||
| 1/18/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 12/21/2021 | Price change | $1,700-22.6% |
Source: Zillow Rental Network Premium #PAPH2056068 Report a problem | ||
| 12/15/2021 | Listed for rent | $2,195 |
Source: Zillow Rental Network Premium #PAPH2056072 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $10,240 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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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.
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Climate risks
Neighborhood: Francisville
Nearby schools
GreatSchools rating
- 4/10Meade Gen George C SchoolGrades: PK-8Distance: 0.5 mi
- 2/10Vaux HS: A Big Picture SchoolGrades: 9-12Distance: 0.6 mi
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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A local lender can help you make sure your offer is ready when you are.
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