MLS: #PAPH2637526, Listed By: Michael Coleman, Keller Williams Realty Devon-Wayne, Source:Bright MLS
1844 N 16th Street
PHILADELPHIA, PA 19121
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Bed
0
Bath
2,784Sqft
0.04Acre(Lot)
Investor Alert! 24-hour notice required for all showings. Currently operating as a 6-bedroom, 2.5 bath rental, the property generates $4,200 per month ($50,400 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one. Offering a nearly 9% cap rate. This property is that it is a legal six-unit rooming house with grandfathered zoning rights, making it a 6-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 campus patrol zone. This property i
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Has Basement: Yes Basement: Unfinished -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air, Electric
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Building Information
Year Built: 1915 Building Area Total: 2784 Pool Features: None Private Pool: No
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Lot Information
Lot Size Acres: 0.04 Lot Size Source: Estimated Lot Size Square Feet: 1742Property Information
Subdivision: TEMPLE UNIVERSITY Source Property Type: Residential Income Postal Code Plus 4: 3301 Zoning Description: Grandfathered legal 6-unit rooming house. Buyer responsible for confirming all future use and development plans. Property SubType: Townhouse Property Age: 111
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Listing Price Information
Listing Price: $399900
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Tax Information
Parcel Number: 321098401 Tax Lot: 297 Tax Year: 2026 Annual Tax: $6245
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Parking Information
On Street
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Location Information
Direction: Use GPS WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1305 N 15th Street, Philadelphia, PA, 19121 | $699,900 | 4 | -- | 3,033 | 3,033 SqFt |
| 1627-29 W Stiles Street, Philadelphia, PA, 19121 | $470,000 | 4 | 3 | 1,944 | 1,944 SqFt |
| 1727-1737 Ingersoll Str.., Philadelphia, PA, 19121 | $2,725,000 | 36 | -- | 13,284 | 13,284 SqFt |
| 1634 N Bouvier Street, Philadelphia, PA, 19121 | $114,999 | 4 | 2 | 1,452 | 1,452 SqFt |
| 1839 Ingersoll Street, Philadelphia, PA, 19121 | $235,000 | 3 | 1 | 1,108 | 1,108 SqFt |
| 1950 N 19th Street, Philadelphia, PA, 19121 | $750,000 | 8 | 8 | 4,500 | 4,500 SqFt |
| 1909 Page Street, Philadelphia, PA, 19121 | $70,000 | 3 | 1 | 1,022 | 1,022 SqFt |
| 1946 N 23rd Street, Philadelphia, PA, 19121 | $230,000 | 5 | 2 | 2,124 | 2,124 SqFt |
| 1823 N 26th Street, Philadelphia, PA, 19121 | $195,000 | 3 | 1 | 1,144 | 1,144 SqFt |
| 2601 Cecil B Moore Avenue, Philadelphia, PA, 19121 | $400,000 | 5 | -- | 3,780 | 3,780 SqFt |
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ByOwner last updated this listing 06/22/2026 @ 07:04
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