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Listed by Mike Coleman • Keller Williams Realty Devon-Wayne
$499,900
Est. payment /mo
1,742 Sqft Lot
New
1842 N 16TH ST Philadelphia, PA 19121
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Temple University
MLS Listing ID PAPH2635078
Year Built 1915
Annual Tax Amount $3,969
Tax Year 2026
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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
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
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
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
Sewer Public Septic
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 321098300
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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