1846 N 16TH ST Philadelphia, PA 19121
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,784 sqft
Price per Sqft $158
Subdivision Temple University
MLS Listing ID PAPH2642012
Style Traditional
Abv Grd Liv Area 2,784
Year Built 1915
Annual Tax Amount $6,245
Tax Year 2026
Lot Size 1,560 Sqft
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
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: PAPH2631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058, PAPH2635078, PAPH2637494, PAPH2637506, PAPH2637526, PAPH2637534 PAPH2638432, PAPH2638436, PAPH2639290 PAPH2639294, PAPH2639300, PAPH2639390, PAPH2639516 and PAPH2639518
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Unfinished
Interior
Hot Water 60+ Gallon Tank
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 2784
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 321098500
Ownership Fee Simple
SqFt Source 2784
Special Listing Condition Standard
Nearby School & Business
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