1848 N 16th St, Philadelphia, PA 19121

Philadelphia
Local realty services provided by:ERA Martin Associates
1848 N 16th St,Philadelphia, PA 19121
$899,900
  • 1 Beds
  • - Baths
  • 4,297 sq. ft.
  • Multi-family
  • Active
Listed by: danielle redenbaugh
Office: bhhs fox & roach-center city walnut
MLS#:PAPH2668006
Source:BRIGHTMLS

Price summary

  • Price:$899,900
  • Price per sq. ft.:$209.43

About this home

INVESTOR ALERT — 24 HOURS NOTICE REQUIRED. Three-unit building, 2020 construction, 14 bedrooms and 8 bathrooms across 4,297 sq ft. Tax abatement in place through 2030: real estate taxes currently run approximately $1,219 per year against roughly $12,699 at full assessment — a difference of about $11,480 annually, or $45,920 over the remaining term. Purchasers should underwrite the step-up on expiry. Unit 1 — 6 bed / 3 bath, currently vacant, four bedrooms on the below-grade ground floor Unit 2 — 2 bed / 2 bath, $1,450/month Unit 3 — 6 bed / 3 bath, $4,650/month Units 2 and 3 are leased at market for the 26/27 season, together producing $73,200 annually. Unit 3 was repositioned from four tenants at $2,750 to six at $4,650 — a 69% increase, already executed. Common roof deck and rear patio. The asking price is set against income in place today rather than on a stabilised basis, so a purchaser acquires the lease-up on Unit 1 rather than paying for it. Walking distance to Temple...

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Home facts

  • Year built:2019
  • Subdivision & Development:TEMPLE UNIVERSITY
  • Listing ID #:PAPH2668006
  • Added:64 day(s) ago
  • Updated:November 12, 2026 at 03:13 PM

Rooms and interior

  • Bedrooms:1
  • Basement:Yes
  • Basement Description:Fully Finished
  • Living area:4,297 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Electric, Forced Air

Structure and exterior

  • Roof:Flat
  • Year built:2019
  • Building area:4,297 sq. ft.
  • Lot area:0.04 Acres
  • Architectural Style:Contemporary
  • Construction Materials:Masonry
  • Foundation Description:Block

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$899,900
  • Price per sq. ft.:$209.43
  • Tax amount:$2,539 (2026)

Parking

  • Parking description:On Street

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