BEDS0
BATHS
SQUARE FEET2,472
MLS#PAPH2665210
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONRITTENHOUSE SQUARE
SCHOOLPHILADELPHIA CITY
Property Description
Rare opportunity to acquire a legal triplex in the heart of Center City, just steps from Rittenhouse Square and some of Philadelphia’s best restaurants, shops, parks and everyday conveniences. Whether as a pure investment or an owner-occupant opportunity to live in one residence while generating rental income from the other two, 417 S. 16th Street offers an attractive combination of immediate income and long-term upside. The property is configured as three distinct residences: a vacant 2-bedroom, 1-bath apartment on the first floor; a 2-bedroom, 1-bath bi-level apartment on the second floor; and a 1-bedroom, 1-bath apartment on the third floor. Each residence offers the highly desirable convenience of in-unit laundry. The upper-floor apartments are exceptionally well cared for, with abundant natural light, hardwood floors and inviting living spaces, while the recently painted first-floor unit is ready for immediate occupancy, leasing or future improvements. The property has enjoyed a history of long-term tenancy, while current rents provide a new owner with an opportunity to capture additional income as leases roll over. The second-floor residence is currently leased at $1,850/month through December 2026, and the third-floor residence is leased at $1,450/month through February 2027. The vacant first-floor residence was most recently leased to a long-term tenant for $1,900/month. With the first-floor residence currently vacant, a new owner has immediate flexibility: lease the unit at market, improve it to maximize future rent, or make it their own while collecting income from the two occupied apartments above. Legal triplex. Strong rental history. Three apartments with in-unit laundry. Exceptional location. Immediate income with room to grow.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central A/C
Fuel Type: Electric
Heating: Radiator
Home Style: Traditional
Lot Size: 0.02 Acres
Taxes: $13,040
Year Built: 1800
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Exterior: Masonry
Lot Dimensions: 0.02 Acre(S)
Municipality: PHILADELPHIA
One Bedroom Units: 1
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Two Bedroom Units: 2
Units: 3
Water: Public
Local Schools
Elementary School: GREENFIELD ALBERT
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Compass Pennsylvania, LLC
Agency Phone: 2674358015
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 3,163.38 per month $1,836.09 Principal & Interest $1,086.67 Property Tax $240.63 Homeowner's InsuranceChange Payment Information
417 S 16th Street | MLS# PAPH2665210
This multi-family property located at 417 S 16th Street , Philadelphia, PA 19146 is currently listed for sale with an asking price of $825,000. S 16th Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymarkllc.com today.