1607 RIDGE AVENUEPHILADELPHIA, PA 19130

Commercial · 0.05 Acres
$2,680,000 ACTIVE

1607 RIDGE AVENUE Overview

Time on Site:
56 days
Visits:
0

Investor Alert & High-Yield Turn-Key Airbnb Investment with Tax Abatement! Exceptional mixed-use investment opportunity in the rapidly growing Francisville section of Philadelphia. This well-maintained 2021 construction features 7 fully self-contained residential units (4×1BR/1BA, 2×2BR/1BA, 1×2BR/2BA), each equipped with a full kitchen and full bathroom, plus 1 ground-floor commercial space, currently leased to a stable fitness tenant at $2,000/month with strong renewal potential. The residential units are currently operated as a licensed short-term rental, generating approximately $20,000/month in gross income, providing immediate and proven cash flow for the next owner. All units are fully furnished and professionally maintained, allowing for seamless transition and continued operation. Property benefits from a 10-year tax abatement beginning in 2026, significantly reducing operating expenses and enhancing long-term returns. Zoned CMX-2.5, offering flexible mixed-use potential in a high-demand rental and development corridor. This is a rare opportunity to acquire a stabilized, income-producing asset with both short-term rental upside and long-term appreciation potential. Ideal for investors seeking strong cash flow, 1031 exchange replacement, or portfolio expansion in one of Philadelphia's fastest-growing neighborhoods. Financials and short-term rental performance data available upon request. Buyer to verify all uses and income.

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1607 RIDGE AVENUE Facts & Features

  • Type Commercial
  • Lot 0.05 Acres

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 2021

Business Information

  • Business Type: Professional

Location/Region

  • Country: US
  • County: PHILADELPHIA
  • County Or Parish: PHILADELPHIA
  • MLS Area Major: 19130 (19130)

Parking Information

  • Total Parking Spaces: 0
  • Type of Parking: On Street

Tax Information

  • City/Town Tax: 942.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax Payment Frequency: Annually
  • School Tax: 1199.00
  • Tax Annual Amount: $2,142.00
  • Tax Assessed Value: 153030.00
  • Tax Year: 2025

General Information

  • Property Sub Type: Five Or More Units
  • Property Type: Commercial Sale
  • School District Name: PHILADELPHIA CITY
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2026
  • Zoning: CMX25

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Central
  • Total Drive In Doors: 0

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Assessor
  • Central Air: Yes
  • Hot Water: Electric

General Information

  • Accessibility Features: 2+ Access Exits
  • Cooling: Central A/C

Exterior

Building Information

  • Total Loading Docks: 0

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Dimensions: 33.00 x 71.00
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 2123.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Masonry, Mixed

General Information

  • Sewer: Public Sewer
  • Water Access: No

1607 RIDGE AVENUE Neighborhood

Community

19130 (PHILADELPHIA) Demographics

33
Median Age
20,294
Population Density (per sq. mile)
78%
College Educated
$88,858
Estimated Median Income
5,631
Estimated Total Home Owners
8,800
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

1607 RIDGE AVENUE Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1607 RIDGE AVENUE Market Data

Based on the last 30 days in this zip code

$575,888
Average List Price
$399
Average Price per Square Foot
44
Properties Sold
86
Average Days on Market
157
Properties for Sale
Calculations provided by Reliance Network

1607 RIDGE AVENUE History

Date Event Value Agent
5/4/2026Source: BRIGHT MLS Added to Database
May 04, 2026
Listing provided courtesy of BY Real Estate- MLS# PAPH2610382MLS ProviderContact Information: [email protected] - 2675343595