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
Amenities
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
Estimates only. Actual payments may vary.
Location
1842 N 16TH Street
Philadelphia, PA 19121
TEMPLE UNIVERSITY
Property Details
Construction
Parking
Heating
Cooling
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.







