3537 N 16TH ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19140
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,940 sqft
Price per Sqft $233
MLS Listing ID PAPH2463414
Style Straight Thru
Year Built 2017
Available Date 2025-06-20
Annual Tax Amount $11,355
Tax Year 2024
Property Sub-Type Detached
Property Description
Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 6.3% cap rate. Welcome to 3537 N. 16th St., a high-demand rental property in the thriving North Broad Corridor, just steps from Temple University Hospital. This fully leased multifamily building features three spacious units (each with 2 beds and 2 baths), totaling six beds, with lower-level units offering full basements for added rental potential.
Built in 2017 using efficient modular construction, this energy-efficient property boasts modern interiors, high ceilings, and contemporary appliances. Dedicated management and leasing ensure hassle-free ownership, while a remaining tax abatement keeps operating expenses low.
Situated in a Qualified Opportunity Zone, this investment benefits from strong rental appreciation and a waitlist of tenants fueled by 5,500+ skilled TU Hospital professionals. Conveniently located 5 minutes from the SEPTA Broad St. subway, providing direct access to Center City, and near major redevelopments, including North Philadelphia Station, Uptown Theater, and Beury Building.
This high-growth investment opportunity is available immediately—a rare find in one of Philadelphia's most exciting markets.
**PACKAGE NOTES:
- 2 turnkey rental properties that are giving you the chance to bundle and maximize your investment.
- Each property is fully occupied by good-standing tenants.
- Owner can provide rent receipts, etc.
**PACKAGE DEAL:
** 3535 N. 16th St.
List Price: $687,500
Rental: $1,400 per unit (3 units),
** 3537 N. 16th St.
List Price: $687,500
Rental: $1,400 per unit (3 units)
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Exterior
Water Access N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,FHA,Conventional
Listing Terms Cash,FHA,Conventional
Special Listing Condition Standard