1846 N 16th St, Philadelphia, PA 19121
- $439,900
- 2,784
- SqFt
- List Price
- $439,900
- Days on Market
- 43
- Status
- ACTIVE
- MLS#
- PAPH2642012
- Living Area
- 2,784
- Style
- Traditional
- Year Built
- 1915
- County
- Philadelphia
- School District
- Philadelphia City
Property Description
Investor Alert! 24-hour notice required for all showings. Exceptional opportunity to acquire an 8-bedroom, 2-bath student housing property in one of Temple University's most established off-campus rental markets. The property has historically generated $52,800 in annual gross rental income with an NOI of $39,600 and is being offered at an attractive 9% cap rate. Current lease expires July 2026. Located just steps from Temple University's main campus and within the Temple University Patrol Zone, the property benefits from one of Philadelphia's strongest student housing corridors, known for consistent tenant demand and long-term rental stability. A standout feature of this investment is its RM-1 zoning, allowing up to six units by right (subject to buyer due diligence), creating significant long-term value-add potential for future redevelopment or reconfiguration. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058, PAPH2635078, PAPH2637494, PAPH2637506, PAPH2637526, PAPH2637534 PAPH2638432, PAPH2638436, PAPH2639290 PAPH2639294, PAPH2639300, PAPH2639390, PAPH2639516 and PAPH2639518
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Additional Information
- Area
- 19121 (19121)
- Subdivision
- Temple University
- Taxes
- $6245
- School District
- Philadelphia City
- Heating
- Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of Keller Williams Realty Devon-Wayne. Contact: 6106478300