MLS: #PAPH2665174, Listed By: Danielle Redenbaugh, BHHS Fox & Roach-Center City Walnut, Source:Bright MLS
1842 N 16th Street
PHILADELPHIA, PA 19121
7
Bed
3
Bath
2,784Sqft
0.04Acre(Lot)
Investor Alert! 24-hour notice required for all showings. Currently operating as a 7-bedroom, 2.5-bath student rental, the property generates $4,900 per month ($58,800 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one. With an NOI of $45,087.41, this property is offered at nearly a 10% cap rate — an exceptional return profile for a fully leased, stabilized asset in this market. This property is a legal four-unit rooming house with grandfathered zoning rights, making it a 4-unit building by right. This designation creates significant future value-add potential for the next owner, subject to buyer due diligence. The property benefits from its premier location just steps from Temple University's main campus, positi
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 7Bathroom Information
Total Baths: 3 Full Baths: 2 Half Baths: 1Room 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 Acres: 0.04 Lot Size Source: Estimated Lot Size Square Feet: 1742Property Information
Subdivision: TEMPLE UNIVERSITY Source Property Type: Residential Postal Code Plus 4: 3301 Zoning Description: Grandfathered 4-unit rooming house. Buyer responsible for confirming all future use and development plans. Property SubType: Townhouse Levels: Three Or More Property Age: 111
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Listing Price Information
Listing Price: $499900
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Tax Information
Parcel Number: 321098300 Tax Lot: 296 Tax Year: 2026 Annual Tax: $4186
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Parking Information
On Street
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Location Information
Direction: GPS WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1233 N Lecount Street, Philadelphia, PA, 19121 | $299,999 | 2 | 3 | 822 | 0.02 Acre |
| 2030 N Carlisle Street, Philadelphia, PA, 19121 | $325,000 | 4 | 3 | 1,458 | 0.02 Acre |
| 1542 N 15th Street, Philadelphia, PA, 19121 | $1,200,000 | 7 | -- | 4,230 | 0.08 Acre |
| 1519 W Thompson Street, Philadelphia, PA, 19121 | $230,000 | 2 | 1 | 864 | 0.01 Acre |
| 1518 Fontain Street, Philadelphia, PA, 19121 | $214,900 | 4 | 2 | 1,036 | 0.02 Acre |
| 1523 W Thompson Street, Philadelphia, PA, 19121 | $204,890 | 2 | 1 | 864 | 0.01 Acre |
| 1523 Fontain Street, Philadelphia, PA, 19121 | $250,000 | 5 | 2 | 1,498 | 0.02 Acre |
| 1520 Page Street, Philadelphia, PA, 19121 | $179,900 | 3 | 1 | 1,122 | 0.02 Acre |
| 1522 Page Street, Philadelphia, PA, 19121 | $229,900 | 4 | 2 | 1,122 | 0.02 Acre |
| 1530 W Fontain Street, Philadelphia, PA, 19121 | $199,999 | 4 | 2 | 1,216 | 0.02 Acre |
Similar Townhouse To 1842 N 16th Street
Nearby For Sale
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 @ 01:56
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