About This Home

This 7-bedroom, 3-bathroom townhouse at 1842 N 16TH Street in Philadelphia, PA is listed for $499,900 ($180 per sqft). Built in 1915, the home offers 2,784 sqft of living space on a 0.04 acres lot.

Key Features

  • Built in 1915
  • 0.04 acre lot
  • 3 stories

Property Details

3 stories
2 full, 1 half
1915

Amenities

A/C
Listing Description

Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional single-family student rental offers immediate cash flow in one of Temple University's most sought-after off-campus locations.

Currently generating $4,900 per month ($58,800 gross annual income), this income-producing property is an outstanding opportunity for investors seeking stable returns and long-term growth. The property features a spacious 7-bedroom, 2.5-bath layout with a private roof deck, a highly desirable amenity that consistently attracts student tenants and supports strong rental demand.

The property is fully leased through July 2027 and benefits from its premier location just steps from Temple University's main campus. Positioned in the heart of the university's most desirable off-campus housing district and within campus patrol zone.

Investors can continue operating the property in its current configuration and enjoy immediate, stable cash flow, or explore the potential to convert the building into four residential units, subject to buyer due diligence and approvals. With stable income already in place, strong rental demand, redevelopment potential, and an unbeatable location,

this property delivers the combination of cash flow and upside that investors are increasingly seeking in today's market. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718 and PAPH2632744

Monthly Cost Estimate

$2,674/mo

20% down · 6.5% · 30 years

Principal$362
Interest$2,166
Insurance$146

Estimates only. Actual payments may vary.

Location

1842 N 16TH Street

Philadelphia, PA 19121

TEMPLE UNIVERSITY

Property Details

Construction

Masonry

Parking

On Street

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 7-bedroom, 3-bathroom townhouse at 1842 N 16TH Street is listed at $499,900 ($180/sqft). The estimated monthly payment is $2,674 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1915, 0.04 acre lot, 3 stories.

This property is listed by Michael Coleman and can be reached at 4849426266.

MC

Michael Coleman

Agent at Keller Williams Realty Devon-Wayne

(484) 942-6266

Listed by Keller Williams Realty Devon-Wayne · View on Broker Site

MLS# PAPH2635058· Source: listhub· 20 days on market

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1842 N 16TH Street, Philadelphia, PA 19121

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