1842 N 16TH ST Philadelphia, PA 19121
UPDATED:
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,784 sqft
Price per Sqft $179
Subdivision Temple University
MLS Listing ID PAPH2665174
Style Traditional
Bedrooms 7
Full Baths 2
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 2,784
Year Built 1915
Annual Tax Amount $4,186
Tax Year 2026
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
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
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Unfinished
Interior
Hot Water 60+ Gallon Tank
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Story 3
Foundation Block
Above Ground Finished SqFt 2784
Sewer Public Septic
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Senior Community No
Tax ID 321098300
Ownership Fee Simple
SqFt Source 2784
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION