# 1842 N 16TH Street, Philadelphia, PA 19121

> **TL;DR:** residential multi family, $499,900 ($180/sqft), built 1915, 2,784 sqft.
> A/C. Est. $2,674/mo. Listed 18 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $499,900 |
| Price/sqft | $180 |
| Square Feet | 2,784 |
| Year Built | 1915 |
| Lot Size | 1,742 sqft (0.04 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 18 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,528 |
| Estimated Insurance | $146 |
| **Total** | **$2,674** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1915
- 0.04 acre lot

## Description

### Agent 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

## Location

- **Address:** 1842 N 16TH Street, Philadelphia, PA 19121
- **County:** PHILADELPHIA
- **Neighborhood:** TEMPLE UNIVERSITY
- **Coordinates:** 39.98171, -75.16083
- **Google Maps:** https://www.google.com/maps?q=39.98171,-75.16083

## Listing Agent

- **Name:** Michael Coleman
- **Brokerage:** Keller Williams Realty Devon-Wayne
- **Phone:** 4849426266

## Primary Photo

![1842 N 16TH Street - Primary Photo](http://lh.rdcpix.com/a2ed625edd46963f5a3b28b09f269897l-f2465342039r.jpg)

*31 total photos available on [listing page](https://www.propertysimple.ai/listing/1842-n-16th-street-philadelphia-pa-19121-h2637494)*

---

**MLS#:** PAPH2637494 | **Updated:** 2026-08-02
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1842-n-16th-street-philadelphia-pa-19121-h2637494)

---

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