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MLS: #PAPH2595796, Listed By: Martin Rodriguez, KW Empower, Source:Bright MLS

3535 N 16th Street

PHILADELPHIA, PA 19140
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Bed 6

Bed

Bath 0

Bath

SqFt2,940

Sqft

Acres0.04

Acre(Lot)

This triplex comes with 9 years left of the full tax abatements; the abatement was never applied when the building was originally bought. The taxes are $1,875 a year and the abatement will run for ten years. The seller’s expediter worked with the city to apply the abatement last year which will run for the next nine years. Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 7% cap rate. Welcome to 3535 N. 16th St., a high-demand rental property in the thriving North Broad Corridor, just steps from Temple University Hospital. This fully leased multifamily building features three spacious units (each with 2 beds and 2 baths), totaling six beds, with lower-level units offering full basements for added rental potential. Built in 2017 using efficient modular construction, this energy-efficient property boasts modern interiors, high ceilings, and contemporary appliances. Dedicated management and leasing ensure hassle-free ownership, while a remaining tax abatement keeps operating expenses low. Situated in a Qualified Opportunity Zone, this investment benefits from strong rental appreciation and a waitlist of tenants fueled by 5,500+ skilled TU Hospital professionals. Conveniently located 5 minutes from the SEPTA Broad St. subway, providing direct access to Center City, and near major redevelopments, including North Philadelphia Station, Uptown Theater, and Beury Building. This high-growth investment opportunity is available immediately—a rare find in one of Philadelphia’s most exciting markets. **PACKAGE NOTES: - 2 turnkey rental properties that are giving you the chance to bundle and maximize your investment. - Each property is fully occupied by good-standing tenants. - Owner can provide rent receipts, etc. **PACKAGE DEAL: *3535 N. 16th St. List Price: $649,950 Rental: $1,400 per unit (3 units), *3537 N. 16th St. List Price: $649,950 Rental: $1,400 per unit (3 units)

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Detail Ic Property Details

Property Type : Residential Income

Price : $649,950

AD Id : 76666361

MLS Id : PAPH2595796

Beds : 6

Lot Size : 0.04 Acre

Living Area Size : 2,940

Year Built : 2017

County : PHILADELPHIA

Subdivision: Philadelphia (north)

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Feature Features

  • Bedroom Information

    Total beds: 6

    Room Information

    Has Basement: Yes Basement: Other
  • Interior Features

    Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Central Has Cooling: Yes Cooling: Central Air, Gas

  • Building Information

    Year Built: 2017 Building Area Total: 3920 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 16.00 x 118.00 Lot Size Acres: 0.04 Lot Size Source: Assessor Lot Size Square Feet: 1880

    Property Information

    Subdivision: PHILADELPHIA (NORTH) Source Property Type: Residential Income Postal Code Plus 4: 5062 Zoning Description: FOR A MULTI-FAMILY HOUSEHOLD LIVING (THREE (3) DWELLING UNITS) Property SubType: Triplex Property Age: 9

  • Listing Price Information

    Listing Price: $649950

  • Tax Information

    Parcel Number: 112199910 Tax Lot: 205 Tax Year: 2025 Annual Tax: $1875

  • Parking Information

    On Street

  • Location Information

    Direction: Take N 3rd St and Callowhill St to N Broad St., turn right onto N Broad St., and drive to N 16th St. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3427 N 2nd Street, Philadelphia, PA, 19140 $250,000 5 -- 2,180 2,180 SqFt
234 W Erie Avenue, Philadelphia, PA, 19140 $229,900 4 -- 1,064 1,064 SqFt
240 W Glenwood Avenue, Philadelphia, PA, 19140 $425,000 6 -- 2,467 2,467 SqFt
3948 N 5th Street, Philadelphia, PA, 19140 $185,000 4 -- 1,509 1,509 SqFt
4130 N 5th Street, Philadelphia, PA, 19140 $130,000 4 -- 1,482 1,482 SqFt
521 W Westmoreland Street, Philadelphia, PA, 19140 $249,990 4 -- 1,320 1,320 SqFt
3542 N Randolph Street, Philadelphia, PA, 19140 $240,000 3 -- 1,200 1,200 SqFt
3245 N 6th Street, Philadelphia, PA, 19140 $209,900 3 -- 1,172 1,172 SqFt
4303 N 6th Street, Philadelphia, PA, 19140 $205,000 -- -- 1,540 1,540 SqFt
810 W Roosevelt Boulevard, Philadelphia, PA, 19140 $400,000 8 -- 1,872 1,872 SqFt

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 06/21/2026 @ 16:19

MLS: PAPH2595796 LISTED BY: Martin Rodriguez, KW Empower 215-627-3500 SOURCE: Bright MLS

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