#PAPH2411226, Michael R. McCann, Listing office: KW Empower
Property details
About 1723 Ridge Ave
Prime on Ridge presents a turnkey 15-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania. Acquire this —16,250 SF, 5-storey, boutique luxury apartment building in a Top-10 USA MSA with the benefit of a 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.
Highlights
Home typeOther
HeatingCentral
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size16,250 sqft
Lot size0.09 Acres
Year built2022
MLS #PAPH2490130
ViewCity
Summary
- Flooring Type: Luxury Vinyl Plank
- Parking: None
- View: City
- Architectural Style: Other
- Heating: Central
- Cooling: Central Air
- List Price: $5,700,000
- Price/SqFt: $350
- Annual Tax Amount: $4,728
- Tax Year: 2023
- Directions: BETWEEN 17TH AND 18TH ON RIDGE AVENUE.
- Year Built: 2022
- Living Area: 16,250 SqFt
- Municipality: Philadelphia
- Lot Size: 0.09 Acres
- MLS Number: PAPH2490130
- MLS Name: BRIGHT
- Office Name: Keller Williams Liberty Place
- Office Phone: (609) 399-5454
- Office Email: klrw903@kw.com
- Listing Agent: Ryan J McManus
- Agent Phone: (610) 606-1095
- Agent Email: ryan@agentphl.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/27/2025, 2:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$5,700,000
1723 Ridge Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 25, 2022 | Home Sold | $4,600,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $- | $4,728 |
History based on county public records data.
Nearby schools
1
Richard R. Wright Elementary School
Public District KG-5
1.5 mi
•2700 W Dauphin St
2
Kipp North Philadelphia Charter School
Public Charter KG-6
1.5 mi
•2539 N 16th St
6
John Moffet Elementary School
Public District KG-5
1.6 mi
•127 W Oxford St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,491. Typical income of Philadelphia, PA residents is less than $<35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
61%
<35k
32%
35k-100k
6%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
75%
Single, No Kids
15%
Single, with Kids
7%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
6%
12-17 yrs old
41%
18-34 yrs old
39%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1723 Ridge Ave
The listing price of 1723 Ridge Ave property is $5,700,000.
The property 1723 Ridge Ave is a house located in Philadelphia, Pennsylvania, 19130.
Active Listing: 1723 Ridge Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1723 Ridge Ave are: Richard R. Wright Elementary School (GreatSchools Rating 1/10), Kipp North Philadelphia Charter School (GreatSchools Rating 2/10), John Moffet Elementary School (GreatSchools Rating 6/10), Bache-Martin Elementary School (GreatSchools Rating 3/10), Laura W. Waring School (GreatSchools Rating 3/10), General George G. Meade School (GreatSchools Rating 3/10), People for People Charter School (GreatSchools Rating 3/10), Youth Build Phila Charter School (GreatSchools Rating 1/10), Franklin Lc (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $4,728 (source: MLS/based on county public records data).
The last sale was on February 25, 2022 for $4,600,000 (source: MLS/tax record).
The property at 1723 Ridge Ave has 0 bathroom.
The property 1723 Ridge Ave is 16,250 SqFt (source: MLS/tax record).
The year of construction for 1723 Ridge Ave is 2022.
This home is located at 1723 Ridge Ave in Philadelphia, PA and zip code 19130 in the Fairmount neighborhood. This 16,250 square foot home, which was built in 2022, sits on a 0.09 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since June 4, 2025 and is currently priced at $5,700,000.
The number of homes for sale in Philadelphia, PA increased by 40.9% between April and May 2025. In May 2025 median list price was $298,569 and the average listing age was 89 days.
From Rocket Homes Real Estate and based on county public records data.