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$587,500
190 Days On Site

3535 N 16TH STREET
PHILADELPHIA, PA 19140

For Sale|Triplex|Active
6
Beds
0
Total Baths
2,940
SqFt
$200
/SqFt
2017
Built
Subdivision:
PHILADELPHIA (NORTH)
County:
PHILADELPHIA
Listing courtesy of KW Empower
Call Now: (703) 898-3565
Is this the listing for you? We can help make it yours.
(703) 898-3565
3535 N 16TH STREET3535 N 16TH STREET3535 N 16TH STREET3535 N 16TH STREET
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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 the SEPTA Broad St. subway, providing direct access to Center City, and near major redevelopments, including North Philadelphia Station, Uptown Theater, and Beury Building. This high-growth investment opportunity is available immediately—a rare find in one of Philadelphia’s most exciting markets. **PACKAGE NOTES: - 2 turnkey rental properties that are giving you the chance to bundle and maximize your investment. - Each property is fully occupied by good-standing tenants. - Owner can provide rent receipts, etc. **PACKAGE DEAL: *3535 N. 16th St. List Price: $600,000 Rental: $1,250-$1,450 per unit (3 units) *3537 N. 16th St. List Price: $600,000 Rental: $1,400-$1,450 per unit (3 units)

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Listing Snapshot
Price 
$587,500
Days On Site 
190 Days
Bedrooms 
6
Inside Area (SqFt) 
2,940 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.04 Acres
Year Built 
2017
MLS® Number 
PAPH2595796
Status 
Active
Property Tax 
$1,875
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
a month agoPrice changed to $587,500
6 months agoStatus changed to Active
6 months agoListing first seen on site
General Features
Acres 
0.04
Foundation 
Other
Parking 
On Street
Property Condition 
New Construction
Property Sub Type 
Triplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
2940
SqFt Total 
3920
Style 
Straight Thru
Water Source 
Public
Zoning 
RSA5
Interior Features
Appliances 
Gas Water Heater
Basement 
Other
Cooling 
Central AirGas
Heating 
ElectricCentral
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Exterior Features
Pool Features 
None
Community Features
MLS Area 
19140 (19140)
School District 
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of KW Empower



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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