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MLS: #PAPH2595798, Listed By: Martin Rodriguez, KW Empower, Source:Bright MLS

3537 N 16th Street

PHILADELPHIA, PA 19140
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Bed 6

Bed

Bath 0

Bath

SqFt2,940

Sqft

This triplex comes with 9 years left of the full tax abatements; the abatement was never applied when the building was originally bought. Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 6.9% 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: $600,000 Rental: $1,250-$1,450 per unit (3 units) *3537 N. 16th St. List Price: $600,000 Rental: $1,400-$1,450 per unit (3 units)

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Detail Ic Property Details

Property Type : Residential Income

Price : $587,500

AD Id : 76666346

MLS Id : PAPH2595798

Beds : 6

Living Area Size : 2,940 Sq. Ft

Tax Amount : $11,355.41

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

    Property Information

    Subdivision: PHILADELPHIA (NORTH) Source Property Type: Residential Income Postal Code Plus 4: 4103 Zoning Description: FOR A MULTI-FAMILY HOUSEHOLD LIVING (THREE (3) DWELLING UNITS) Property SubType: Triplex Property Age: 9

  • Listing Price Information

    Listing Price: $587500

  • Tax Information

    Parcel Number: 112199920 Tax Lot: 206 Tax Year: 2024 Annual Tax: $11355.41

  • 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 $240,000 5 -- 2,180 0.05 Acre
234 W Erie Avenue, Philadelphia, PA, 19140 $219,900 4 -- 1,064 0.03 Acre
501 Rising Sun Avenue, Philadelphia, PA, 19140 $374,900 3 -- 2,991 0.07 Acre
521 W Westmoreland Street, Philadelphia, PA, 19140 $249,990 4 -- 1,320 0.03 Acre
3542 N Randolph Street, Philadelphia, PA, 19140 $250,000 3 -- 1,200 0.04 Acre
3245 N 6th Street, Philadelphia, PA, 19140 $209,900 3 -- 1,172 0.02 Acre
3862 N 6th Street, Philadelphia, PA, 19140 $149,900 4 -- 1,560 0.03 Acre
3910 N Marshall Street, Philadelphia, PA, 19140 $225,000 4 -- 1,290 0.03 Acre
703 W Annsbury Street, Philadelphia, PA, 19140 $218,000 3 -- 1,160 0.02 Acre
731 W Erie Avenue, Philadelphia, PA, 19140 $175,000 2 -- 1,560 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 09/26/2026 @ 21:56

MLS: PAPH2595798 LISTED BY: Martin Rodriguez, KW Empower 215-627-3500 SOURCE: Bright MLS

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