1854 N 16TH STREET Overview
- Time on Site:
- 2 days
- Visits:
- 0
Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional four-unit property offers immediate cash flow with outstanding long-term upside. Currently generating $71,700 in annual gross rental income, with leases already in place that will increase annual gross rental income to $78,900 beginning August 2026—representing an impressive 10% increase in rental income. This income-producing asset is an outstanding opportunity for investors seeking stable returns, dependable cash flow, and built-in rental growth. The property consists of four spacious student housing units totaling 11 bedrooms and 7 bathrooms across four full floors of living space: Unit 1: 2 bed / 1 bath (Lower Level)'¨Unit 2: 3 bed / 2 bath (First Floor)'¨Unit 3: 3 bed / 2 bath (Second Floor)'¨Unit 4: 3 bed / 2 bath (Third Floor) Located within the Temple University Patrol Zone and just steps from Temple University's main campus, its desirable unit mix, strong in-place cash flow, and significant scheduled rent growth position this asset for continued long-term performance and investor stability. 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
1854 N 16TH STREET Facts & Features
- Type Multi-Family
- Sq. ft. 3,357
- Price/Sq.ft. $252
- Lot 0.04 Acres
Details
General
Income/Expenses
- Existing Lease Type: Yearly
- Net Operating Income: 59175.00
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Pool: No Pool
- Total SQFT: 3357
- Year Built: 1915
Location/Region
- Country: US
- County: PHILADELPHIA
- County Or Parish: PHILADELPHIA
- MLS Area Major: 19121 (19121)
Parking Information
- Type of Parking: On Street
Tax Information
- County Tax Payment Frequency: Annually
- School Tax: 4683.00
- Tax Annual Amount: $8,362.00
- Tax Assessed Value: 597400.00
- Tax Year: 2026
General Information
- Property Sub Type: Quadruplex
- Property Type: Multi-Family
- Rent Control: No
- School District Name: PHILADELPHIA CITY
- Special Listing Conditions: Standard
- Vacation Rental: No
- Zoning: RM1
Unit Information
- Other Units: Unit 1,Unit 1,Unit 1,Unit 1
Interior
Building Information
- Cooling Fuel: Electric
- Heating Fuel: Electric
Parking Information
- Garage: No
Building Exterior/Construction
- Structure Type: Interior Row/Townhouse
Building Interior
- Above Grade Finished Area: 3357
- Above Grade Finished Area Source: Assessor
- Above Grade Finished Area Units: Square Feet
- Below Grade Finished Area: 0
- Below Grade Finished Area Source: Assessor
- Below Grade Finished Area Units: Square Feet
- Central Air: Yes
- Hot Water: 60+ Gallon Tank
General Information
- Accessibility Features: None
- Cooling: Central A/C
- Flooring: Wood
- Foundation Details: Brick/Mortar
- Living Area: 3357
- Living Area Source: Assessor
Unit Information
- One Bedroom Units Count: 0
- Single Room Units Count: 0
- Three Bedroom Units Count: 3
- Two Bedroom Units Count: 1
Exterior
Lot Information
- Lot Dimensions Source: Estimated
- Lot Size Dimensions: 16.00 ft × 98.00
- Lot Size Source: Estimated
- Lot Size Square Feet: 1742.00
- Lot Size Units: Square Feet
- Water Source: Public
Waterfront/View
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Architectural Style: Traditional
- Construction Materials: Masonry
General Information
- Number Of Units Leased: 4
- Number Of Units Total: 3
- Other Structures: Above Grade,Below Grade
- Sewer: Public Sewer
- Water Access: No
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 2
Unit 2 Details
- Unit Type: Unit 1
- Beds Total: 3
Unit 3 Details
- Unit Type: Unit 1
- Beds Total: 3
Unit 4 Details
- Unit Type: Unit 1
- Beds Total: 3
1854 N 16TH STREET Neighborhood
Community
19121 (PHILADELPHIA) Demographics
1854 N 16TH STREET Monthly Cost
1854 N 16TH STREET Market Data
Based on the last 30 days in this zip code
1854 N 16TH STREET History
| Date | Value | Agent |
|---|---|---|
| 6/28/2026Source: BRIGHT MLS | June 28, 2026 |
|
| 6/28/2026Source: BRIGHT MLS | June 28, 2026 |
Contact Information: [email protected] - 6106478300

