BEDS0
BATHS
SQUARE FEET3,357
MLS#PAPH2641992
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLPHILADELPHIA CITY
Property Description
Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional four-unit property offers immediate cash flow with outstanding long-term upside. Currently generating $71,700 in annual gross rental income, with leases already in place that will increase annual gross rental income to $78,900 beginning August 2026—representing an impressive 10% increase in rental income. This income-producing asset is an outstanding opportunity for investors seeking stable returns, dependable cash flow, and built-in rental growth. The property consists of four spacious student housing units totaling 11 bedrooms and 7 bathrooms across four full floors of living space: Unit 1: 2 bed / 1 bath (Lower Level) Unit 2: 3 bed / 2 bath (First Floor) Unit 3: 3 bed / 2 bath (Second Floor) Unit 4: 3 bed / 2 bath (Third Floor) Located within the Temple University Patrol Zone and just steps from Temple University's main campus, its desirable unit mix, strong in-place cash flow, and significant scheduled rent growth position this asset for continued long-term performance and investor stability. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058, PAPH2635078, PAPH2637494, PAPH2637506, PAPH2637526, PAPH2637534 PAPH2638432, PAPH2638436, PAPH2639290 PAPH2639294, PAPH2639300, PAPH2639390, PAPH2639516 and PAPH2639518
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central A/C
Fuel Type: Electric
Heating: Forced Air
Home Style: Traditional
Lot Size: 0.04 Acres
Taxes: $8,362
Year Built: 1915
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 18
Exterior: Masonry
Flooring: Wood
Lot Dimensions: 0.04 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Three Bedroom Units: 3
Two Bedroom Units: 1
Units: 3
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Devon-Wayne
Agency Phone: 6106478300
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 2,824.80 per month $1,881.40 Principal & Interest $696.83 Property Tax $246.56 Homeowner's InsuranceChange Payment Information
1854 N 16th Street | MLS# PAPH2641992
This multi-family property located at 1854 N 16th Street, Philadelphia, PA 19121 is currently listed for sale with an asking price of $845,357. N 16th Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymarkllc.com today.