1605 Ridge Ave, Philadelphia, PA 19130

Philadelphia
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
1605 Ridge Ave,Philadelphia, PA 19130
$2,100,000
  • 9 Beds
  • - Baths
  • 9,000 sq. ft.
  • Multi-family
  • Active
Listed by: ryan j mcmanus
Office: keller williams liberty place
MLS#:PAPH2515408
Source:BRIGHTMLS

Price summary

  • Price:$2,100,000
  • Price per sq. ft.:$233.33

About this home

Welcome to 1605 Ridge — a 6.69% CAP, boutique multifamily property sited at the prominent Ridge & Parrish corner intersection (at 16th Street) in the booming Francisville submarket of Philadelphia, Pennsylvania. Spanning 3 property widths (1601-03-05) with soft corner exposure, The Property commands a strong presence on the Francisville streetscape with a brick-clad base and bay windows above. Throughout its operating history, there has been little-to-no vacancy in the building — a testament to the quality of construction, location and spatial quality of the asset. On the ground floor, a neighborhood daycare operates the commercial space, having just exercised their 5-year NNN lease renewal option. Upstairs, there are five (5) oversized apartments, each with unique layouts: one (1) studio, three (3) 2bd x 2ba units and one (1) 3bd x 2ba unit. New Ownership can add a 5th floor “as of right” based on the current zoning in place and increase the density/unit count. Private roofdecks

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Home facts

  • Year built:2018
  • Listing ID #:PAPH2515408
  • Added:242 day(s) ago
  • Updated:March 10, 2026 at 01:36 PM

Rooms and interior

  • Bedrooms:9
  • Flooring:Luxury Vinyl Plank
  • Living area:9,000 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Central, Electric

Structure and exterior

  • Roof:Fiberglass
  • Year built:2018
  • Building area:9,000 sq. ft.
  • Lot area:0.02 Acres
  • Lot Features:Additional Lot(s), Corner, Downtown
  • Construction Materials:Masonry

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,100,000
  • Price per sq. ft.:$233.33
  • Tax amount:$1,514 (2024)

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