Get new listings emailed daily! SIGN UP LOGIN

1842 N 16th Street , Philadelphia, PA 19121

$499,900.00
  • 1842 N 16th Street , Philadelphia, PA 19121 Main Photo

31 Total Photos [Click to View All]

New to the Market ACTIVE
BEDS7 BATHS2 full 1 partial SQUARE FEET2,784 MLS#PAPH2635058
STATUSACTIVE PROPERTY TYPEResidential - Townhouse SUBDIVISIONTEMPLE UNIVERSITY SCHOOLPHILADELPHIA CITY

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

Property Features

Property Type: Residential - Townhouse
Basement: Unfinished
Basement: Yes
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Traditional
Lot Size: 0.04 Acres
Stories: 3.0
Taxes: $3,969
Year Built: 1915

Feature Descriptions

Additional Structures: Above Grade, Below Grade
Exterior: Masonry
Lot Dimensions: 0.04 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Septic
SQFT Above Finished: 2784
SQFT Total Finished: 2784
Structure Type: Interior Row/Townhouse
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: REAL ESTATE EXCEL
Agency Phone: 215-579-4220

IDX logo

Estimate Your Payment

Estimated Payment

$ 2,574.80 per month $2,098.24 Principal & Interest $330.75 Property Tax $145.80 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Pixel