Active

MLS: #PAPH2615192, Listed By: Nestor Colon, Eliakim Realty Inc, Source:Bright MLS

2233 N 16th Street

PHILADELPHIA, PA 19132
Mark as Favorite
Bed 6

Bed

Bath 0

Bath

SqFt1,964

Sqft

Acres0.02

Acre(Lot)

Welcome to 2233 N. 16th St — a fully renovated, income-producing legal duplex offering investors the opportunity to acquire a TURNKEY ASSET WITH BOTH UNITS ALREADY RENTED AND PRODUCING INCOME FROM DAY ONE! This property consists of two newly renovated bi-level units, each currently rented at $1,695 per month on year-to-year leases, generating a combined gross rental income of $3,390 per month and $40,680 annually. Major improvements have already been completed, including new electrical, plumbing, and mini split systems providing efficient heating and cooling. Both units feature modern kitchens with shaker cabinetry and quartz countertops, updated bathrooms, laundry, and attractive contemporary finishes. With the renovations complete and tenants already in place, much of the heavy lifting has been done for the next owner. Unit 1 is a bi-level unit offering 3 bedrooms and 3 full bathrooms, with exclusive access to the full basement, dedicated laundry, additional storage space, and private use of the rear yard. The flexible floor plan also allows the unit to function as a spacious 2-bedroom, 3-bathroom residence with the third room designated as a living room. Unit 2 occupies the 2nd and 3rd floors and features 3 bedrooms and 3 full bathrooms. The main level welcomes you with a modern kitchen featuring quartz countertops, shaker cabinetry, and a convenient laundry closet equipped with a washer and dryer. Beyond the kitchen is the living area, first bedroom, and full bathroom. The 3rd floor offers two additional bedrooms and two bathrooms, providing excellent space and privacy. For the investor looking to add a renovated multifamily property to their portfolio, 2233 N. 16th St delivers the combination that is increasingly difficult to find: TWO RENTED UNITS, IMMEDIATE CASH FLOW, MAJOR SYSTEM UPGRADES, MODERN FINISHES, AND LONG-TERM INCOME POTENTIAL. The surrounding area continues to experience new construction and redevelopment, adding another compelling dimension to the property's long-term investment potential. Why take on the time, expense, and uncertainty of renovating and then searching for tenants when you can acquire a renovated duplex that is already occupied and generating revenue? Add 2233 N. 16th St to your portfolio and start collecting rent from day one. Schedule your private tour and see why this income-producing property deserves serious consideration. Both units are tenant occupied. A minimum of 24-hour notice is required for all tours. Please do not disturb the tenants.

Read More Expand
Tour with a ByOwner Agent

Detail Ic Property Details

Property Type : Residential Income

Price : $419,000

AD Id : 77915067

MLS Id : PAPH2615192

Beds : 6

Lot Size : 0.02 Acre

Living Area Size : 1,964 Sq. Ft

Tax Amount : $1,026

Year Built : 1915

County : PHILADELPHIA

Subdivision: Philadelphia (north)

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 6

    Room Information

    Has Basement: Yes Basement: Full
  • Interior Features

    Appliances: Cooktop, Electric Water Heater, Refrigerator, Microwave, Washer, Dryer
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Ductless, Electric

  • Building Information

    Year Built: 1915 Building Area Total: 1964 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 16.00 x 66.00 Lot Size Acres: 0.02 Lot Size Source: Assessor Lot Size Square Feet: 1024

    Property Information

    Subdivision: PHILADELPHIA (NORTH) Source Property Type: Residential Income Postal Code Plus 4: 4419 Property SubType: Duplex Property Age: 111

  • Listing Price Information

    Listing Price: $419000

  • Tax Information

    Parcel Number: 161066900 Tax Lot: 379 Tax Year: 2025 Annual Tax: $1026

  • Parking Information

    None

  • Location Information

    Direction: Traveling on Susquehanna Avenue from Broad Street to 16th Street. Turn Right onto 16th Street. Property on Right Hand Side. WaterSource: Public
Sell a home like this and save $24,641 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2323 N Park Avenue, Philadelphia, PA, 19132 $230,000 -- -- 2,782 0.04 Acre
1318 W Allegheny Avenue, Philadelphia, PA, 19132 $159,900 4 -- 3,123 0.04 Acre
2236 N Park Avenue, Philadelphia, PA, 19132 $379,000 2 -- 2,368 0.04 Acre
2432 N Park Avenue, Philadelphia, PA, 19132 $375,000 4 -- 1,508 0.03 Acre
1337 W Rush Street, Philadelphia, PA, 19132 $264,900 3 -- 1,200 0.02 Acre
1339 W Rush Street, Philadelphia, PA, 19132 $269,900 3 -- 1,200 0.02 Acre
3010 N Broad Street, Philadelphia, PA, 19132 $550,000 8 -- 2,218 0.03 Acre
3016 N Broad Street, Philadelphia, PA, 19132 $349,900 3 -- 2,234 0.03 Acre
1424 W York Street, Philadelphia, PA, 19132 $200,000 9 -- 2,806 0.04 Acre
2401 N 15th Street, Philadelphia, PA, 19132 $349,000 6 -- 2,835 0.03 Acre

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 09/27/2026 @ 01:21

MLS: PAPH2615192 LISTED BY: Nestor Colon, Eliakim Realty Inc 267-626-2398 SOURCE: Bright MLS

Homes around $419,000

Selling? Save $24,641 when you sell a home like this

Tour with a ByOwner Agent