1605 Ridge Ave

Philadelphia, PA 19130

$2,100,000
Price
—
Beds
—
Baths
9,000 Sq. Ft.
$233 / Sq. Ft.
9,000
Sq. Ft.
$233
per Sq. Ft.

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...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.
  1. Listed by Ryan J McManus • Keller Williams Liberty Place
    P: (610)-606-1095 ryan@agentphl.com

Property Details for 1605 Ridge Avenue

Tax ID Number
871403540
Ownership
Fee Simple
Structure Type
Other
Style
Unit/Flat
Waterfront
No
Views
City
Garage
No
Subdivision
FRANCISVILLE
LISTING UPDATED: 07/11/2025 08:47 AM

Property Details for 1605 Ridge Avenue

StatusActive
MLS #PAPH2515408
Days on Market165
Taxes$1,514 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2018
Lot Size0.02 AC / 760 SF
CountyPhiladelphia County

Location

Listing Courtesy of Keller Williams Liberty Place
Add your commute

Building Information for 1605 Ridge Avenue

Stories-Residences4Year Built2018Building Size-Lot Size0.02 AC / 760 SF

Payment Calculator

$10,503 per month

30 year fixed, 6.28% Interest

Principal and Interest

$10,377

Property Taxes

$126

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1605 Ridge Avenue

Location
Location
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 803408593408
  • SchoolDistrictSource: 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: 2024
  • Tax Assessed Value: $108,200
  • Year Assessed: 2025
  • County Tax: $0
  • Improvement Assessed Value: $0
  • City Town Tax: $666
  • Land Assessed Value: $108,200
  • Clean Green Assessed: No
  • Land Use Code: Y70
  • Historic: No
  • Zoning: CMX25
  • School Tax: $848
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 1
Building Info
Building Info
  • Building Level Count: 4
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 16.00 x 48.00
  • Lot Dimensions Source: Estimated
  • Lot Features: Additional Lot(s), Corner
  • Location Type: Downtown
  • Parcel ID: 965612
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 1605 Ridge Avenue

DateEvent & SourcePriceAppreciation
Jul 11, 2025

Listed (Active)

BRIGHT #PAPH2515408

$2,100,000—
May 23, 2014

Closed (Public Record)

Public Record #415732484

$68,500

+1057.5% / yr

May 23, 2014

Closed

BRIGHT #1002874558

$68,500—
Apr 10, 2014

Pending

BRIGHT #1002874558

—
Apr 9, 2014

Listed (Active)

BRIGHT #1002874558

$75,000—
Aug 9, 2013

Closed (Public Record)

Public Record #366549212

$10,000

-14.1% / yr

Jan 20, 2009

Closed (Public Record)

Public Record #276666879

$20,000—
DateEvent & SourcePrice
07/11/2025

Listed (Active)

BRIGHT #PAPH2515408

$2,100,000
05/23/2014

Closed (Public Record)

Public Record #415732484

$68,500

+1057.5% / yr

05/23/2014

Closed

BRIGHT #1002874558

$68,500
04/10/2014

Pending

BRIGHT #1002874558

—
04/09/2014

Listed (Active)

BRIGHT #1002874558

$75,000
08/09/2013

Closed (Public Record)

Public Record #366549212

$10,000

-14.1% / yr

01/20/2009

Closed (Public Record)

Public Record #276666879

$20,000

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

Public Records for 1605 Ridge Avenue

Taxable ValueLand-Additions-Total-
Tax Record2025$1,515 ($126 / month)
Home Facts
Total Finished SqFt2,352 SqFtAbove Grade Finished SqFt2,352 SqFtStories4Lot Size760 SqFtStyleOffice BuildingYear Built2018ZoningCMX2.5CountyPHILADELPHIAAPN87-1-4035-40

Schools near 1605 Ridge Avenue

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Waring Laura W School
Public - PK to 8
Franklin Benjamin High School
Public - 9 to 12
Franklin LC
Public - 9 to 12
Masterman Julia R Secondary School
Public - 5 to 12
Rating
School
Distance
Waring Laura W School
PublicPK to 8

Franklin Benjamin High School
Public9 to 12

Franklin LC
Public9 to 12

Masterman Julia R Secondary School
Public5 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.

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More information about 1605 Ridge Avenue, Philadelphia, PA 19130

1605 Ridge Avenue is a multi-family home for sale in Philadelphia, PA 19130. This property was listed for sale on July 11, 2025 by Keller Williams Liberty Place, it's currently listed at $2,100,000. It has been on the market for a total of 165 days and was last sold on May 23, 2014. This listing's school district is The School District of Philadelphia. Nearby schools include Waring Laura W School, Franklin Benjamin High School and Franklin LC. 1605 Ridge Avenue is a 0-bed, 0-bath, 9,000 sqft multi-family home built in 2018.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Liberty Place

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.