1854 N 16TH STREETPHILADELPHIA, PA 19121

Multi-Family · 3,357 Sq. ft. | 0.04 Acres
$845,357 ACTIVE

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

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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

27
Median Age
13,508
Population Density (per sq. mile)
22%
College Educated
$25,162
Estimated Median Income
4,095
Estimated Total Home Owners
8,067
Estimated Total Renters
34% / 66%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1854 N 16TH STREET Market Data

Based on the last 30 days in this zip code

$278,030
Average List Price
$182
Average Price per Square Foot
19
Properties Sold
92
Average Days on Market
294
Properties for Sale
Calculations provided by Reliance Network

1854 N 16TH STREET History

Date Event Value Agent
6/28/2026Source: BRIGHT MLS Added to Database
June 28, 2026
6/28/2026Source: BRIGHT MLS Added to Database
June 28, 2026
Listing provided courtesy of Keller Williams Realty Devon-Wayne- MLS# PAPH2641992MLS ProviderContact Information: [email protected] - 6106478300