1846 N 16th St, Philadelphia, PA 19121

Philadelphia
Local realty services provided by:Better Homes and Gardens Real Estate Community Realty
1846 N 16th St,Philadelphia, PA 19121
$439,900
  • - Beds
  • - Baths
  • 2,784 sq. ft.
  • Multi-family
  • Active
Listed by: danielle redenbaugh, michael coleman
Office: keller williams realty devon-wayne
MLS#:PAPH2642012
Source:BRIGHTMLS

Price summary

  • Price:$439,900
  • Price per sq. ft.:$158.01

About this home

Investor Alert! 24-hour notice required for all showings. Exceptional opportunity to acquire an 8-bedroom, 2-bath student housing property in one of Temple University's most established off-campus rental markets. The property has historically generated $52,800 in annual gross rental income with an NOI of $39,600 and is being offered at an attractive 9% cap rate. Current lease expires July 2026. Located just steps from Temple University's main campus and within the Temple University Patrol Zone, the property benefits from one of Philadelphia's strongest student housing corridors, known for consistent tenant demand and long-term rental stability. A standout feature of this investment is its RM-1 zoning, allowing up to six units by right (subject to buyer due diligence), creating significant long-term value-add potential for future redevelopment or reconfiguration. This property is being marketed individually and as a package that includes the properties with the following MLS...

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Home facts

  • Year built:1915
  • Listing ID #:PAPH2642012
  • Added:11 day(s) ago
  • Updated:July 09, 2026 at 01:41 PM

Rooms and interior

  • 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:$439,900
  • Price per sq. ft.:$158.01
  • Tax amount:$6,245 (2026)

Parking

  • Parking description:On Street

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