1617-19 RIDGE AVENUEPHILADELPHIA, PA 19130

Commercial · 8,365 Sq. ft. | 0.08 Acres
$3,500,000 ACTIVE

1617-19 RIDGE AVENUE Overview

Time on Site:
56 days
Visits:
5

Presenting 1617-19 Ridge Ave, Philadelphia, PA 19130, an incredible newer-construction mixed-use investment opportunity in the highly desirable Francisville neighborhood. Built in 2023, this impressive commercial apartment building features 13 residential units plus 1 commercial unit, offering strong income potential, modern conveniences, and a thoughtfully designed layout for both residents and commercial use. The residential units consist of a mix of 1- and 2-bedroom apartments, including one unique bi-level unit. Tenants enjoy access to a shared rooftop deck, perfect for relaxing, entertaining, and taking in the city atmosphere. The building also offers an elevator for convenience, additional hallway storage areas, and a secure private breezeway rear entrance designed exclusively for tenant use. The rear breezeway includes the building's trash room, mailboxes, package/Amazon drop area, and key-fob-only access, providing added security and day-to-day convenience for residents. The commercial unit offers excellent visibility with a front entrance directly on Ridge Ave. This bi-level space features a finished main floor with a bathroom, while the unfinished lower level provides endless possibilities for expansion, storage, workspace, or future customization. Kitchen-use accessibility was also considered during construction, with venting access already installed—opening the door to a variety of potential commercial uses. One of the major highlights of this property is the remaining tax abatement, with approximately 7 years left, offering the benefit of reduced real estate taxes and improving the overall investment appeal. Buyer should verify all tax abatement details. Adding even more value, 1617-19 Ridge Ave is located in a census tract designated as a Qualified Opportunity Zone, based on 2026 data. As part of the original Opportunity Zone 1.0 program, which remains in effect through 2028, this location may offer additional appeal to investors exploring potential tax advantages through Qualified Opportunity Fund strategies. Combined with the remaining tax abatement, newer construction, and income-producing mixed-use layout, this property presents a compelling opportunity for both current cash flow and long-term upside. Buyer should verify Opportunity Zone eligibility, timing, and potential benefits with their tax advisor. The property is also positioned in one of Philadelphia's rapidly redeveloping and increasingly desirable neighborhoods, where continued investment, new construction, residential demand, and expanding commercial activity are creating exciting long-term growth potential. The surrounding Francisville corridor continues to benefit from neighborhood revitalization, strong walkability, and increasing demand for modern rental housing and convenient retail/service-based businesses. Located in an amazing, highly walkable area with easy access to public transportation, major travel routes, dining, shopping, cafes, and neighborhood amenities, this property is positioned for long-term demand and growth. Whether you're looking to expand your portfolio, secure a modern mixed-use asset, or capitalize on a strong rental location, 1617-19 Ridge Ave is a rare opportunity that checks all the boxes. Newer construction, tax abatement, Opportunity Zone positioning, elevator access, rooftop deck, secure tenant amenities, and a prime Francisville location—this is the kind of investment property that does not come around often.

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1617-19 RIDGE AVENUE Facts & Features

  • Type Commercial
  • Sq. ft. 8,365
  • Price/Sq.ft. $418
  • Lot 0.08 Acres

Details

General

Income/Expenses

  • Electric Expense: 2880.00
  • Income Includes: Apartment Rentals,Other
  • Insurance Expense: 8560.00
  • Maintenance Expense: 4500.00
  • Operating Expense: 38237.00
  • Operating Expense Includes: Insurance,Management Fees,Repair/Maintenance,Trash,Water,Other,Electric
  • Trash Expense: 3000.00

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: Yes
  • Year Built: 2023

Business Information

  • Business Type: Apartment Building,Convenience Store/Gas,Day Care Facility,Other/General Retail,Professional,Other

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: 93.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax Payment Frequency: Annually
  • School Tax: 118.00
  • Tax Annual Amount: $3,700.00
  • Tax Assessed Value: 15139.00
  • Tax Year: 2025

General Information

  • Exclusions: Tenants personal property.
  • Property Condition: Excellent
  • Property Sub Type: Five Or More Units
  • Property Type: Commercial Sale
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: CMX25

Interior

Building Information

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

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Estimated
  • Building Area Total: 8365.00
  • Central Air: Yes
  • Elevators Count: 1
  • Hot Water: Electric

General Information

  • Accessibility Features: Elevator,Level Entry - Main
  • Cooling: Central A/C
  • Flooring: Laminate Plank
  • Stories Total: 5

Exterior

Building Information

  • Total Loading Docks: 0

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Dimensions: 35.00 x 110.00
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 3424.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

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

Building Exterior/Construction

  • Construction Materials: Concrete, Metal Siding, Wood Siding

General Information

  • Sewer: Public Sewer
  • Water Access: No

1617-19 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.

1617-19 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.

1617-19 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

1617-19 RIDGE AVENUE History

Date Event Value Agent
5/4/2026Source: BRIGHT MLS Added to Database
May 04, 2026
Listing provided courtesy of Real of Pennsylvania- MLS# PAPH2616612MLS ProviderContact Information: [email protected] - 6106872900