Active
6 beds6 baths7,150 sqft
1600 Ridge Ave, Philadelphia, PA 19130
Est: $8,822/moGet pre-approved
Multi FamilyProperty Type
0.03 acresLot Size
2023Year Built
$223/sq ftPrice per sq ft

Description

Investors, take notice! This 2023 new-construction 4-unit property offers the best of both worlds: the benefits of newer construction, time-tested over the past three years, plus approximately six years remaining on the full 10-year tax abatement. The property includes a commercial first-floor and basement space leased to a convenience store for $3,100/month NNN plus a $100/month flat water fee through October 2030, along with three spacious 2-bedroom, 2-bath residential apartments currently rented...Investors, take notice! This 2023 new-construction 4-unit property offers the best of both worlds: the benefits of newer construction, time-tested over the past three years, plus approximately six years remaining on the full 10-year tax abatement. The property includes a commercial first-floor and basement space leased to a convenience store for $3,100/month NNN plus a $100/month flat water fee through October 2030, along with three spacious 2-bedroom, 2-bath residential apartments currently rented for $2,250, $2,250, and $2,350 per month. Designed with privacy and flexibility in mind, each residential unit features bedrooms positioned on opposite sides of the apartment, making the layout ideal for platonic roommates, couples, families with children or frequent guests, or those who work from home. The primary bedroom, with an ensuite bath, is located on the Ridge Avenue side, while the second bedroom and hall bath are on the 16th Street side. Each apartment features a spacious kitchen and living area, soft neutral finishes, central air, and its own laundry room. Residential tenants pay their own gas, electric, and water, while the owner pays water for the common areas, including the roof (with $100/month contributed by the commercial tenant), as well as common-area lighting, heating, maintenance, and maintenance within the residential units. The commercial tenant is responsible for its own repairs and pays a portion of the building's taxes and insurance. Two separate stairwells—one from Ridge Avenue and one from 16th Street—serve all the units and provide access to the shared roof deck, offering a unique outdoor amenity with space to relax, entertain, enjoy the sunset, or start the day with fresh air. The seller also provided furniture for the residential units, adding convenience for tenants. With easy access to local transportation, neighborhood shops, Fairmount Avenue, and Center City, this property combines modern construction, diversified income, desirable residential layouts, and a valuable tax abatement in one compelling investment.
2 days on Market
  • Listed by: Stacy L Sanseverino 512.991.5648 stacysanseverino@gmail.com • KW Empower
Last updated: 09/25/2026 10:36 AM • Source: BRIGHT, MLS#: PAPH2673696

See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Location

Listing Courtesy of KW Empower
Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$8,822 per month

30 year fixed, 7.03% Interest

Principal and Interest

$8,515

Property Taxes

$307

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1600 Ridge Avenue

Property Details
  • Taxes: $3,683 / year
  • MLS Type: Multi-Family / Fee Simple
  • Tax ID Number: 871000093
  • Ownership: Fee Simple
  • Structure Type: Twin/Semi-Detached
  • Style: Contemporary
  • Waterfront: No
  • Garage: No
  • Subdivision: FRANCISVILLE
  • Subdivision: FRANCISVILLE (PHILADELPHIA PA)
  • Cross Street: 16th Street
  • Municipality: PHILADELPHIA
  • Central Air: Yes
  • Basement: Yes
  • Above Grade Finished SQFT: 5,720.00
  • Above Grade Fin SQFT Source: Assessor
  • Below Grade Finished SQFT: 1,430.00
  • Below Grade Fin SQFT Source: Estimated
  • Total Below Grade SQFT: 1,430.00
  • Total Below Grade SQFT Source: Estimated
  • New Construction: No
  • Property Condition: Excellent
Building Information
  • Residences: 4
  • Year Built: 2023
  • Lot Size: 0.03 AC / 1,422 SF
Location
Location
  • Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, Commuter Rail Station less than 1 mile, Metro/Subway Station less than 1 mile
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • Elementary School: LAURA W. WARING (PHILADELPHIA PA)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: LAURA W. WARING (PHILADELPHIA PA)
  • MiddleSchoolSource: Listing Agent
  • High School: BENJAMIN FRANKLIN (PHILADELPHIA PA)
  • HighSchoolSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19130 (19130)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2027
  • Tax Assessed Value: $1,315,600
  • County Tax: $0
  • Improvement Assessed Value: $1,052,480
  • City Town Tax: $1,620
  • Land Assessed Value: $263,120
  • Land Use Code: SC
  • Zoning: CMX25
  • School Tax: $2,062
  • Tax Page Number: 0
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 1,Unit 1,Unit 1
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 0
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Triple Net
  • Unit Type Features: Commercial space (convenience store- not open yet) includes the basement. $3100/mo NNN + $100 for water.
Unit 2
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 2
  • Unit Type Features: Tenant pays for their own water, gas, & electric.
Unit 3
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 3
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 2
  • Unit Type Features: Tenant pays for their own water, gas, & electric.
Unit 4
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 4
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 2
  • Unit Type Features: Tenant pays for their own water, gas, & electric.
Financial Information
Financial Information
  • Gross Income: $120,600
  • Gross Scheduled Income: $120,600
  • Annual Rental Income: $120,600
  • Existing Lease Type: Yearly, Triple Net
Building Info
Building Info
  • Building Level Count: 4
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Features: Irregular, Corner
  • Location Type: Urban
  • Parcel ID: 25821477
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Appliances: Microwave, Oven/Range - Gas, Refrigerator, Washer, Dryer, Dishwasher
  • Accessibility Features: None
  • Laundry Type: Dryer In Unit, Has Laundry, Washer In Unit
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS
  • List Agent URL: www.stacylovesrealestate.com

Property History for 1600 Ridge Avenue

DateEvent & SourcePriceAppreciation
Sep 24, 2026

Listed (Active)

BRIGHT #PAPH2673696

$1,595,000—
Dec 8, 2020

Closed (Public Record)

Public Record #687115619

$93,068

+4.2% / yr

Feb 17, 2012

Closed (Public Record)

Public Record #324732056

$65,000—
DateEvent & SourcePrice
09/24/2026

Listed (Active)

BRIGHT #PAPH2673696

$1,595,000
12/08/2020

Closed (Public Record)

Public Record #687115619

$93,068

+4.2% / yr

02/17/2012

Closed (Public Record)

Public Record #324732056

$65,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1600 Ridge Avenue

Taxable ValueLand$263,120Additions$1,052,480Total$1,315,600
Tax Record2026$3,619 ($302 / month)
Home Facts
Total Finished SqFt5,720 SqFtAbove Grade Finished SqFt5,720 SqFtStories4Lot Size1,422 SqFtStyleMiscellaneous CommercialYear Built2023Year Renovated2023ZoningCMX2.5CountyPHILADELPHIAAPN87-1000093

Schools near 1600 Ridge Avenue

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Waring Laura W School
PublicPK to 8

Franklin Benjamin High School
Public9 to 12

Franklin Learning Center
Public9 to 12

Science Leadership Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

1600 Ridge Avenue is a multi-family home for sale in Philadelphia, PA 19130. This property was listed for sale on September 24, 2026 by KW Empower, it's currently listed at $1,595,000. It has been on the market for a total of 2 days and was last sold on December 8, 2020. This listing's school district is The School District of Philadelphia. Nearby schools include Waring Laura W School, Franklin Benjamin High School and Franklin Learning Center. 1600 Ridge Avenue is a 6-bed, 6-bath, 7,150 sqft multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Empower

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.