348 S 16th St, Philadelphia, PA 19102

Local realty services provided by:ERA Central Realty Group
348 S 16th St,Philadelphia, PA 19102
$950,000
  • 5 Beds
  • - Baths
  • 3,396 sq. ft.
  • Multi-family
  • Pending
Listed by: katherine mccann
Office: kw empower
MLS#:PAPH2540116
Source:BRIGHTMLS

Price summary

  • Price:$950,000
  • Price per sq. ft.:$279.74

About this home

In the heart of Rittenhouse Square awaits a prime investment opportunity along a picturesque tree-lined block at 348 S 16th St. This fully occupied 5-unit building is a true turn-key asset with strong rental history and endless upside. The property features two spacious 2Bd/1Ba units, one 1Bd/1Ba, and two charming studios. The first floor enjoys direct access to a private rear patio, while the full-span basement provides separate metered mechanicals and convenient coin-operated laundry for additional income. Investors will appreciate the thoughtful upgrades already completed. A new roof, exterior crown molding on the bay window, and a new chimney crown with stucco were all installed in 2017. In 2022 the front vestibule received new flooring and unit 1F was updated with a modern bathroom remodel. New dishwashers were recently added to units 1F and 3F. This property has been owned by the same family for more than 40 years, a testament to its stability and care. With these improvements

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Home facts

  • Year built:1920
  • Listing ID #:PAPH2540116
  • Added:109 day(s) ago
  • Updated:January 10, 2026 at 08:47 AM

Rooms and interior

  • Bedrooms:5
  • Living area:3,396 sq. ft.

Heating and cooling

  • Cooling:Central A/C, Window Unit(s)
  • Heating:Baseboard - Electric, Electric, Forced Air

Structure and exterior

  • Year built:1920
  • Building area:3,396 sq. ft.
  • Lot area:0.02 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$950,000
  • Price per sq. ft.:$279.74
  • Tax amount:$10,116 (2025)

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