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Listing Courtesy of: Real of Pennsylvania
Active
$3,500,000
1617 19 Ridge Ave
Philadelphia, PA 19130
MLS
PAPH2616612

0
Bedrooms
0
Bathrooms
8,365
Size sqft
0.08
Lot acres

Commercial Sale • Built in 2023 • $418/SqFt • 130 days on site

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.

MLS#PAPH2616612

Presented By

The William Holder Realty Team

REALTOR®️

The William Holder Realty Team

(484) 744-4053
MLS
PAPH2616612

Listing Courtesy of: Real of Pennsylvania

Additional Home Features

Additional Home Features

  • Municipality
    PHILADELPHIA
  • Hot Water:
    Electric

Acceptable Financing

  • Cash
  • Conventional

Finance Info

  • Tax Amount
    3700.00
  • Cash
  • City Taxes
  • Not a Land Lease
  • Not Co-Op Ownership
  • Financing Options:
    Cash, Conventional
  • Fee Simple

HOA Description

  • No HOA

Home Category

  • New Construction

Property Description

Condition

  • Excellent

Sewer

  • Public Central

Water

  • Public Central

Interior Features

Interior Features

  • Central A/C
  • Elevator
  • Heat - Electric
  • Other Heating options:
    Central

Basic

Listing Status

  • Active

Exterior Features

Exterior Features

  • Sewer Type:
    Public Sewer
  • Water Type:
    Public

Schools

Districts

  • Districts
    The School District Of Philadelphia

Payment Estimate

Total Cost of Mortgage:$6,371,246
Principal & Interest:$17,698
HOA Fee:$0
Home Insurance:$150
Property Tax:$3,208
Total Estimated Costper Month:$21,056

Home Price

Max
$3,500,000

Down Payment

Max
$700,000

Interest Rate & Term

Interest (%)

Term

Additional Monthly Costs

HOA Fee ($/mo)

Home Insurance ($/mo)

Property Tax ($/mo)

The accuracy and applicability of this calculator are not guaranteed.
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Listing Courtesy of: Real of Pennsylvania
Presented By
The William Holder Realty Team

REALTOR®️

The William Holder Realty Team

(484) 744-4053

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