About This Home

This 0-bedroom, 0-bathroom residential multi family 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

Property Details

1915

Amenities

A/C

Listing Description

Investor Alert! 24-hour notice required for all showings. Currently operating as a 7-bedroom, 2.5-bath student rental, the property generates $4,900 per month ($58,800 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one.

This property is that it is a legal four-unit rooming house with grandfathered zoning rights, making it a 4-unit building by right. This designation creates significant future value-add potential for the next owner. Subject to buyer due diligence. The property 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. The property also features a private roof deck, one of the most sought-after amenities in the Temple University rental market. Roof decks continue to command strong tenant interest and help differentiate properties from competing inventory, supporting long-term rentability and occupancy.

This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058 and PAPH2635078

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 0-bedroom, 0-bathroom residential multi family 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.

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