Philadelphia, PA 19130,1605 RIDGE AVE
Philadelphia, PA 19130,1605 RIDGE AVE
Philadelphia, PA 19130,1605 RIDGE AVE
Philadelphia, PA 19130,1605 RIDGE AVE
Philadelphia, PA 19130,1605 RIDGE AVE
Philadelphia, PA 19130,1605 RIDGE AVE
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Catherine Reidy

Catherine Reidy

+1(703) 587-9230
Listed by Ryan McManus • Keller Williams Liberty Place
$ 2,100,000
Est. payment | /mo

760 Sqft Lot

Save
$ 2,100,000
Est. payment | /mo
Save

760 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Francisville

MLS Listing ID PAPH2509736

Year Built 2018

Available Date 2025-07-10

Annual Tax Amount $1,514

Tax Year 2024

Lot Size 760 Sqft

Acres 0.02

Lot Dimensions 16.00 x 48.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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.

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning CMX25

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Luxury Vinyl Plank

Heat Source Electric

Exterior

Water Access N

View City

Roof Type Fiberglass

Accessibility None

Garage N

Building

Lot Description Additional Lot(s), Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 871403540

Ownership Fee Simple

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Penn Alexander School

    Public | KG - 8

  • 9

    Masterman Julia R Secondary School

    Public | 5 - 12

  • 8

    Meredith School

    Public | KG - 8

  • 7

    Christopher Columbus Charter School

    Public | KG - 8

  • 7

    Folk Arts-Cultural Treasures Charter School

    Public | KG - 8

  • 7

    General George A. McCall School

    Public | KG - 8

  • 7

    Laboratory Charter School

    Public | KG - 8

  • 6

    Albert M. Greenfield School

    Public | KG - 8

  • 6

    Independence Charter School

    Public | KG - 8

  • 5

    Russell Byers Charter School

    Public | PK - 6

  • 5

    Alliance for Progress Charter School

    Public | KG - 8

  • 5

    Eliza Butler Kirkbride School

    Public | KG - 8

  • 5

    Young Scholars Charter School

    Public | 5 - 8

  • 4

    Robert Morris School

    Public | KG - 8

  • 4

    Chester A. Arthur School

    Public | KG - 8

  • 4

    Bache-Martin Elementary School

    Public | PK - 8

  • 4

    Andrew Jackson School

    Public | PK - 8

  • 4

    Math Civics and Sciences Charter School

    Public | 1 - 12

  • 4

    People for People Charter School

    Public | KG - 8

  • 4

    Spring Garden School

    Public | KG - 8

Middle Schools 10
  • 4

    Mastery Charter High School

    Public | 7 - 12

  • 3

    Esperanza Academy Charter High School

    Public | 6 - 12

  • 2

    Eastern University Academy Charter School

    Public | 7 - 12

  • 2

    The Sd of Philadelphia Virtual Academy

    Public | 6 - 12

  • 2

    The Promise Academy at Roberto Clemente Middle School

    Public | 6 - 8

  • 1

    World Communications Charter School

    Public | 6 - 12

  • 1

    Penn Treaty

    Public | 6 - 12

  • 0

    Wordsworth Academy

    Private | 6 - 12

  • 0

    Student Education Center & Delaware Valley High School

    Private | 8 - 12

  • 0

    Wakisha Charter School

    Public | 6 - 8

High Schools 20
  • 8

    Science Leadership Academy

    Public | 9 - 12

  • 8

    Academy at Palumbo

    Public | 9 - 12

  • 7

    Carver High School

    Public | 9 - 12

  • 7

    Bodine William W High School

    Public | 9 - 12

  • 5

    Preparatory Charter School of Mathematics Science

    Public | 9 - 12

  • 5

    Creative and Performing Arts

    Public | 9 - 12

  • 5

    Philadelphia Electrical & Tech Chs

    Public | 9 - 12

  • 5

    Parkway-Center City

    Public | 9 - 12

  • 5

    Philadelphia Military Academy at Elverson

    Public | 9 - 12

  • 5

    Multi-Cultural Academy Charter School

    Public | 9 - 12

  • 4

    Paul Robeson High School for Human Services

    Public | 9 - 12

  • 4

    Franklin Lc

    Public | 9 - 12

  • 4

    Constitution High School

    Public | 9 - 12

  • 2

    Randolph A. Philip Avt High School

    Public | 9 - 12

  • 1

    School of the Future

    Public | 9 - 12

  • 1

    Universal Audenried Charter High School

    Public | 9 - 12

  • 1

    Strawberry Mansion High School

    Public | 9 - 12

  • 1

    Dobbins Avt High School

    Public | 9 - 12

  • 1

    Benjamin Franklin High School

    Public | 9 - 12

  • 1

    Mastery Charter School at Gratz

    Public | 9 - 12

School and business data provided by Attom Data.
Catherine Reidy

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(703) 587-9230

catherine.reidy@kw.com

20116 Ashbrook Place, Ashburn, VA, 20147, USA

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1605 RIDGE AVE