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MLS: #PAPH2665210, Listed By: Elizabeth Convery, Compass Pennsylvania, LLC, Source:Bright MLS

417 S 16th Street

PHILADELPHIA, PA 19146
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Bed 5

Bed

Bath 0

Bath

SqFt2,472

Sqft

Acres0.02

Acre(Lot)

Rare opportunity to acquire a legal triplex in the heart of Center City, just steps from Rittenhouse Square and some of Philadelphia’s best restaurants, shops, parks and everyday conveniences. Whether as a pure investment or an owner-occupant opportunity to live in one residence while generating rental income from the other two, 417 S. 16th Street offers an attractive combination of immediate income and long-term upside. The property is configured as three distinct residences: a vacant 2-bedroom, 1-bath apartment on the first floor; a 2-bedroom, 1-bath bi-level apartment on the second floor; and a 1-bedroom, 1-bath apartment on the third floor. Each residence offers the highly desirable convenience of in-unit laundry. The upper-floor apartments are exceptionally well cared for, with abund ant natural light, hardwood floors and inviting living spaces, while the recently painted first-floor unit is ready for immediate occupancy, leasing or future improvements. The property has enjoyed a history of long-term tenancy, while current rents provide a new owner with an opportunity to capture additional income as leases roll over. The second-floor residence is currently leased at $1,850/month through December 2026, and the third-floor residence is leased at $1,450/month through February 2027. The vacant first-floor residence was most recently leased to a long-term tenant for $1,900/month. With the first-floor residence currently vacant, a new owner has immediate flexibility: lease the unit at market, improve it to maximize future rent, or make it their own while collecting income from the two occupied apartments above. Legal triplex. Strong rental history. Three apartments with in-unit laundry. Exceptional location. Immediate income with room to grow.

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Detail Ic Property Details

Property Type : Residential Income

Price : $825,000

AD Id : 90891046

MLS Id : PAPH2665210

Beds : 5

Lot Size : 0.02 Acre

Living Area Size : 2,472

Tax Amount : 13040.00

Year Built : 1800

County : PHILADELPHIA

Subdivision: Rittenhouse Square

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Feature Features

  • Bedroom Information

    Total beds: 5
  • Heating & Cooling

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

  • Building Information

    Year Built: 1800 Building Area Total: 2472 Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.02 Lot Size Source: Estimated Lot Size Square Feet: 1056

    Property Information

    Subdivision: RITTENHOUSE SQUARE Source Property Type: Residential Income Postal Code Plus 4: 1757 Property SubType: Triplex Property Age: 226

  • Listing Price Information

    Listing Price: $825000

  • Tax Information

    Parcel Number: 081155600 Tax Year: 2026 Annual Tax: $13040

  • Parking Information

    On Street

  • School Information

    Elementary School: GREENFIELD ALBERT
    Junior High School:
    Senior High School:
  • Location Information

    Direction: 16th Street between Lombard and Pine WaterSource: Public
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Nearby Home Value

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1163 S Cleveland Street, Philadelphia, PA, 19146 $299,900 2 -- 1,086 0.02 Acre
1549 S 19th Street, Philadelphia, PA, 19146 $425,000 2 -- 2,020 0.02 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 09/02/2026 @ 20:29

MLS: PAPH2665210 LISTED BY: Elizabeth Convery, Compass Pennsylvania, LLC 267-435-8015 SOURCE: Bright MLS

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