About This Home
This 0-bedroom, 0-bathroom residential multi family at 1846 N 16TH Street in Philadelphia, PA is listed for $439,900 ($158 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
Amenities
Investor Alert! 24-hour notice required for all showings. Exceptional opportunity to acquire an 8-bedroom, 2-bath student housing property in one of Temple University's most established off-campus rental markets. The property has historically generated $52,800 in annual gross rental income with an NOI of $39,600 and is being offered at an attractive 9% cap rate.
Current lease expires July 2026. Located just steps from Temple University's main campus and within the Temple University Patrol Zone, the property benefits from one of Philadelphia's strongest student housing corridors, known for consistent tenant demand and long-term rental stability.
A standout feature of this investment is its RM-1 zoning, allowing up to six units by right (subject to buyer due diligence), creating significant long-term value-add potential for future redevelopment or reconfiguration. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2
631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058, PAPH2635078, PAPH2637494, PAPH2637506, PAPH2637526, PAPH2637534 PAPH2638432, PAPH2638436, PAPH2639290 PAPH2639294, PAPH2639300, PAPH2639390, PAPH2639516 and PAPH2639518
Monthly Cost Estimate
$2,353/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1846 N 16TH Street
Philadelphia, PA 19121
TEMPLE UNIVERSITY
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 1846 N 16TH Street is listed at $439,900 ($158/sqft). The estimated monthly payment is $2,352 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 Danielle Redenbaugh and can be reached at 2676143971.
