1. Pennsylvania
2. Philadelphia
3. 1654 RIDGE AVENUE

1654 RIDGE AVENUE, Philadelphia, PA 19130

Property 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.

Listing Status:

Active

Date Added:

May 15, 2025 at 05:00AM

Listing Office:

Keller Williams Liberty Place : 6093995454

Listing Agent:

Ryan J McManus : 6106061095

MLS ID:

PAPH2475460

Interior

• Flooring: Luxury Vinyl Plank
• A/C: Central A/C
• Heating: YCentralNatural Gas
• Disability Feature: None

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Ryan J McManus, Keller Williams Liberty Place