1842 N 16th St, Philadelphia, PA 19121

Philadelphia
Local realty services provided by:Pagoda Realty ERA Powered
1842 N 16th St,Philadelphia, PA 19121
$499,900
  • - Beds
  • - Baths
  • 2,784 sq. ft.
  • Multi-family
  • Active
Listed by: michael coleman, danielle redenbaugh
Office: keller williams realty devon-wayne
MLS#:PAPH2637494
Source:BRIGHTMLS

Price summary

  • Price:$499,900
  • Price per sq. ft.:$179.56

About this home

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. This property is that it 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. Positioned in the heart of the university's most desirable off-campus housing district and within campus patrol zone. The property also features a private roof deck, one of the most sought-after amenities in the Temple University rental market. Roof decks continue to command strong tenant interest and help differentiate properties from competing inventory,...

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Home facts

  • Year built:1915
  • Subdivision & Development:TEMPLE UNIVERSITY
  • Listing ID #:PAPH2637494
  • Added:59 day(s) ago
  • Updated:August 11, 2026 at 01:44 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:2,784 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1915
  • Building area:2,784 sq. ft.
  • Lot area:0.04 Acres
  • Architectural Style:Traditional
  • Construction Materials:Masonry
  • Foundation Description:Block

Utilities

  • Water:Public
  • Sewer:Public Septic

Finances and disclosures

  • Price:$499,900
  • Price per sq. ft.:$179.56
  • Tax amount:$3,969 (2026)

Parking

  • Parking description:On Street

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