1842 N 16TH ST, Philadelphia, PA 19121
1842 N 16TH ST, Philadelphia, PA 19121
1842 N 16TH ST, Philadelphia, PA 19121
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Graceann Tinney

Graceann Tinney

+1(267) 373-8244
Listed by Mike Coleman • Keller Williams Realty Devon-Wayne
$499,900
Est. payment /mo
7 Beds
3 Baths
2,784 SqFt
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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 PAPH2635058

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 $3,969

Tax Year 2026

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional single-family student rental offers immediate cash flow in one of Temple University's most sought-after off-campus locations.
Currently generating $4,900 per month ($58,800 gross annual income), this income-producing property is an outstanding opportunity for investors seeking stable returns and long-term growth. The property features a spacious 7-bedroom, 2.5-bath layout with a private roof deck, a highly desirable amenity that consistently attracts student tenants and supports strong rental demand.
The property is fully leased through July 2027 and 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 campus patrol zone.
Investors can continue operating the property in its current configuration and enjoy immediate, stable cash flow, or explore the potential to convert the building into four residential units, subject to buyer due diligence and approvals.
With stable income already in place, strong rental demand, redevelopment potential, and an unbeatable location, this property delivers the combination of cash flow and upside that investors are increasingly seeking in today's market.
This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718 and PAPH2632744

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

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

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

Horse Property N

Special Listing Condition Standard

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Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

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Graceann Tinney

Graceann Tinney

Agent | RSRS344523

+1(267) 373-8244

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1842 N 16TH ST

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