MLS: #PAPH2642012, Listed By: Danielle Redenbaugh, Keller Williams Realty Devon-Wayne, Source:Bright MLS
1846 N 16th Street
PHILADELPHIA, PA 19121
Investor Alert! 24-hour notice required for all showings. Exceptional opportunity to acquire an 8-bedroom, 2-bath student housing property in one of Temple University's most established off-campus rental markets. The property has historically generated $52,800 in annual gross rental income with an NOI of $39,600 and is being offered at an attractive 9% cap rate. Current lease expires July 2026. Located just steps from Temple University's main campus and within the Temple University Patrol Zone, the property benefits from one of Philadelphia's strongest student housing corridors, known for consistent tenant demand and long-term rental stability. A standout feature of this investment is its RM-1 zoning, allowing up to six units by right (subject to buyer due diligence), creating significan
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 Source: Estimated Lot Size Square Feet: 1560Property Information
Subdivision: TEMPLE UNIVERSITY Source Property Type: Residential Income Postal Code Plus 4: 3301 Property SubType: Townhouse Property Age: 111
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Listing Price Information
Listing Price: $439900
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Tax Information
Parcel Number: 321098500 Tax Lot: 292 Tax Year: 2026 Annual Tax: $6245
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Parking Information
On Street
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Location Information
Direction: GPS WaterSource: Public
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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 |
| 1507 W Susquehanna Avenue, Philadelphia, PA, 19121 | $2,500 | 5 | 3 | 2,466 | 2,466 SqFt |
| 1530 W Fontain Street, Philadelphia, PA, 19121 | $199,999 | -- | -- | 1,216 | 1,216 SqFt |
| 1844 N 16th Street, Philadelphia, PA, 19121 | $399,900 | -- | -- | 2,784 | 2,784 SqFt |
| 1819 N Willington Street, Philadelphia, PA, 19121 | $199,975 | 3 | -- | 960 | 960 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 |
| 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 |
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Nearby For Sale
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ByOwner last updated this listing 06/29/2026 @ 20:09
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