Active

MLS: #PAPH2515408, Listed By: Ryan McManus, Keller Williams Liberty Place, Source:Bright MLS

1605 Ridge Avenue

PHILADELPHIA, PA 19130
Mark as Favorite
Bed 9

Bed

Bath 0

Bath

SqFt9,000

Sqft

Acres0.02

Acre(Lot)

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 feature prominently in 1601-5 Ridge with Center City skyline views from atop the 4th floor. Located in the Francisville submarket just outside of Downtown Philly, residents of this ±9,000 SF apartment building benefit from proximity to shops, breweries, cafes, grocers, restaurants and multimodal transport options — placing the entire city within reach of 1601-5 Ridge. Invest in a Top-10 USA MSA with the acquisition of 1605 Ridge. Real estate investment demand is largely driven by Philly’s relative affordability as compared to its pricier neighbors to the north (New York, Boston) and south (Washington, D.C., Maryland, Virginia), with comparable lifestyle standards — connectivity, culture, cuisine and convenience in Greater Philadelphia rival the nation’s leading metros. Investment sales in the Francisville submarket have been surging, largely due to its desirability for young professionals seeking contemporary accommodations in new construction apartments just outside of the downtown urban core.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $2,100,000

AD Id : 71759207

MLS Id : PAPH2515408

Beds : 9

Lot Size : 0.02 Acre

Living Area Size : 9,000

Year Built : 2018

County : PHILADELPHIA

Subdivision: Francisville

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 9
  • Flooring Information

    Vinyl
  • Roofing Information

    Fiberglass
  • Interior Features

    Roof: Fiberglass Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Central Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 2018 Building Area Total: 9000 Pool Features: None Private Pool: No View: City

  • Lot Information

    Lot Dimensions: 16.00 x 48.00 Lot Size Acres: 0.02 Lot Size Source: Estimated Lot Size Square Feet: 760 Lot Description: Corner Lot

    Property Information

    Subdivision: FRANCISVILLE Source Property Type: Residential Income Postal Code Plus 4: 2366 Property SubType: Multi Family Property Age: 8

  • Listing Price Information

    Listing Price: $2100000

  • Tax Information

    Parcel Number: 871403540 Tax Year: 2024 Annual Tax: $1514

  • Parking Information

    None

  • Location Information

    Direction: NORTH SIDE OF RIDGE AND PARRISH WaterSource: Public
Sell a home like this and save $125,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1437 Parrish Street, Philadelphia, PA, 19130 $899,000 5 -- 2,600 2,600 SqFt
920 N 15th Street, Philadelphia, PA, 19130 $1,250,000 7 -- 5,000 5,000 SqFt
924 N 15th Street, Philadelphia, PA, 19130 $799,900 5 -- 2,469 2,469 SqFt
1509 Spring Garden Street, Philadelphia, PA, 19130 $674,900 4 -- 2,431 2,431 SqFt
1504 Brown Street, Philadelphia, PA, 19130 $725,000 -- -- 3,080 3,080 SqFt
719 N 16th Street, Philadelphia, PA, 19130 $1,895,000 8 -- --
1540 Ridge Avenue, Philadelphia, PA, 19130 $2,600,000 8 -- 10,500 10,500 SqFt
802 N 16th Street, Philadelphia, PA, 19130 $809,900 7 -- 2,637 2,637 SqFt
1620 Mount Vernon Street, Philadelphia, PA, 19130 $869,000 3 -- 2,700 2,700 SqFt
1631 W Girard Avenue, Philadelphia, PA, 19130 $499,900 3 -- 3,840 3,840 SqFt

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 ByOwner 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 closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/18/2026 @ 10:08

MLS: PAPH2515408 LISTED BY: Ryan McManus, Keller Williams Liberty Place 609-399-5454 SOURCE: Bright MLS

Selling? Save $125,501 when you sell a home like this

Tour with a ByOwner Agent