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$499,900
33 Days On Site

1842 N 16TH STREET
PHILADELPHIA, PA 19121

For Sale|Quadruplex|Active
0
Beds
0
Total Baths
2,784
SqFt
$180
/SqFt
1915
Built
Subdivision:
TEMPLE UNIVERSITY
County:
PHILADELPHIA
Listing courtesy of BHHS Fox & Roach-Center City Walnut
Call Now: (703) 898-3565
Is this the listing for you? We can help make it yours.
(703) 898-3565
1842 N 16TH STREET1842 N 16TH STREET1842 N 16TH STREET1842 N 16TH STREET
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Investor Alert! 24-hour notice required for all showings. Currently operating as a 7-bedroom, 2.5-bath student rental, the property generates $4,900 per month ($58,800 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one. With an NOI of $45,087.41, this property is offered at nearly a 10% cap rate — an exceptional return profile for a fully leased, stabilized asset in this market. This property is a legal four-unit rooming house with grandfathered zoning rights, making it a 4-unit building by right. This designation creates significant future value-add potential for the next owner, subject to buyer due diligence. The property benefits from its premier location just steps from Temple University's main campus, positioned in the heart of the university's most desirable off-campus housing district and within the campus patrol zone. The property also features a private roof deck, one of the most sought-after amenities in the Temple University rental market. Roof decks continue to command strong tenant interest and help differentiate properties from competing inventory, supporting long-term rentability and occupancy. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665178, PAPH2665182, PAPH2665180, PAPH2665184, PAPH2665188, PAPH2665192, PAPH2665196, PAPH2665198 and PAPH2665206

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Listing Snapshot
Price 
$499,900
Days On Site 
33 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,784 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.04 Acres
Year Built 
1915
MLS® Number 
PAPH2665178
Status 
Active
Property Tax 
$4,186
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.04
Foundation 
Block
Parking 
On Street
Property Sub Type 
Quadruplex
Sewer 
Septic Tank
Special Circumstances 
Standard
SqFt Above 
2784
SqFt Total 
2784
Style 
Traditional
Water Source 
Public
Zoning 
RM1
Interior Features
Basement 
Unfinished
Cooling 
Central AirElectric
Heating 
Natural GasForced Air
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Exterior Features
Pool Features 
None
Community Features
MLS Area 
19121 (19121)
School District 
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of BHHS Fox & Roach-Center City Walnut



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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