3535 N 16th St, Philadelphia, PA 19140

Philadelphia
Local realty services provided by:Better Homes and Gardens Real Estate Community Realty
3535 N 16th St,Philadelphia, PA 19140
$587,500
  • 6 Beds
  • - Baths
  • 2,940 sq. ft.
  • Multi-family
  • Active
Listed by: martin rodriguez
Office: kw empower
MLS#:PAPH2595796
Source:BRIGHTMLS

Price summary

  • Price:$587,500
  • Price per sq. ft.:$199.83

About this home

Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 7.6% cap rate. Welcome to 3535 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. This triplex comes with 1 year left of the full tax abatement. 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...

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Home facts

  • Year built:2017
  • Subdivision & Development:PHILADELPHIA (NORTH)
  • Listing ID #:PAPH2595796
  • Added:193 day(s) ago
  • Updated:October 07, 2026 at 01:59 PM

Rooms and interior

  • Bedrooms:6
  • Basement:Yes
  • Living area:2,940 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Central, Electric

Structure and exterior

  • Year built:2017
  • Building area:2,940 sq. ft.
  • Lot area:0.04 Acres
  • Architectural Style:Straight Thru
  • Construction Materials:Masonry

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$587,500
  • Price per sq. ft.:$199.83
  • Tax amount:$1,875 (2025)

Parking

  • Parking description:On Street

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