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1844 N 16th St, Philadelphia, PA 19121

Philadelphia
Local realty services provided by:CENTURY 21 New Millennium
1844 N 16th St,Philadelphia, PA 19121
$399,900
  • - Beds
  • 3 Baths
  • 2,784 sq. ft.
  • Multi-family
  • Active
Listed by: michael coleman, danielle redenbaugh
Office: keller williams realty devon-wayne
MLS#:PAPH2637526
Source:BRIGHTMLS

Price summary

  • Price:$399,900
  • Price per sq. ft.:$143.64

About this home

Investor Alert! 24-hour notice required for all showings. Currently operating as a 6-bedroom, 2.5 bath rental, the property generates $4,200 per month ($50,400 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one. Offering a nearly 9% cap rate. This property is that it is a legal six-unit rooming house with grandfathered zoning rights, making it a 6-unit building by right. This designation creates significant future value-add potential for the next owner. Subject to buyer due diligence. The property 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. 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 and PAPH2637494

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Home facts

  • Year built:1915
  • Listing ID #:PAPH2637526
  • Added:1 day(s) ago
  • Updated:June 17, 2026 at 07:44 PM

Rooms and interior

  • Total bathrooms:3
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:2,784 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1915
  • Building area:2,784 sq. ft.
  • Architectural Style:Traditional
  • Construction Materials:Masonry
  • Foundation Description:Brick/Mortar

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$399,900
  • Price per sq. ft.:$143.64
  • Tax amount:$6,245 (2026)

Parking

  • Parking description:On Street

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