3535 N 16th Street

PHILADELPHIA, PA 19140

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,940 Sqft
$687,500

Description

Investment special for 6 units, with the purchase of both buildings, and from a benefit of 6.3% 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: $687,500
rental: $1,400 per unit (3 units),

*3537 n. 16th st.
list price: $687,500
rental: $1,400 per unit (3 units)

  • Property Type

    Multi-Family

  • County

    PHILADELPHIA

  • Style

    Straight Thru

  • AD ID

    50190684

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Basement Description: Other

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Central
    • Cooling Fuel: Natural Gas
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 2017
    • Structure: Detached
    • New Construction: No
    • Total Units: 3
    • Built: 2017
    • Construction Material: Masonry
    • Foundation/Basement: Other
    • Architecture: Straight Thru
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Dimensions: 16.00 x 118.00
    • Architectural Style: Straight Thru

    Property Information

    • SQ ft: 2,940
    • SQ ft (Living Area): 2,940
    • Financing: Cash,FHA,Conventional
    • Appx. Lot Dimensions: 16.00 x 118.00
    • New Construction: No
    • Type: Straight Thru

  • Listing Information

    • Possession: 31-60 Days CD
    • Days Of Market: 1

  • Tax Information

    • Annual Tax: $1,875
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • 31-60 Days CD

    Assessment Information

    • Taxes Assessment Amount: $134,000

  • Parking Information

    • Parking Type: None

    Multi-Unit Information

    • Acceptable Financing: Cash,FHA,Conventional

    Homeowners Association 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.

  • School Information

    • School District: THE SCHOOL DISTRICT OF PHILADELPHIA

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Natural Gas
    • Heating Fuel: Electric
    • Hot Water: Natural Gas

    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.
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BuyOwner last updated this listing 06/21/2025 @ 00:40

  • MLS: PAPH2463374
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 2,940 sqft, 2,940 sized lot, and 0 parking. are nearby neighborhoods.