PA > Philadelphia
Philadelphia, PA 19140,3537 N 16TH ST
Philadelphia, PA 19140,3537 N 16TH ST
Philadelphia, PA 19140,3537 N 16TH ST
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Listed by Martin Rodriguez • KW Empower
$687,500
Est. payment /mo
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2,940 SqFt
New

3537 N 16TH ST Philadelphia, PA 19140

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

UPDATED:

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

Abv Grd Liv Area 2,940

Year Built 2017

Available Date 2025-06-20

Annual Tax Amount $11,355

Tax Year 2024

Lot Dimensions 16.00 x 118.00

Property Sub-Type Detached

Source BRIGHT

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

Rooms

Basement Other

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 112199920

Ownership Other

Acceptable Financing Cash, FHA, Conventional

Listing Terms Cash, FHA, Conventional

Financing Cash,FHA,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

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agent

Jonathan Greene

Team Leader | License ID: 1433604

+1(973) 873-0734

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