3535 N 16th St, Philadelphia, PA 19140
Local realty services provided by:ERA Martin Associates
3535 N 16th St,Philadelphia, PA 19140
$649,950
- 6 Beds
- - Baths
- 2,940 sq. ft.
- Multi-family
- Active
Listed by: martin rodriguez
Office: kw empower
MLS#:PAPH2595796
Source:BRIGHTMLS
Price summary
- Price:$649,950
- Price per sq. ft.:$221.07
About this home
This triplex comes with 9 years left of the full tax abatements; the abatement was never applied when the building was originally bought. The taxes are $1,875 a year and the abatement will run for ten years. The seller’s expediter worked with the city to apply the abatement last year which will run for the next nine years.
Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 7% 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: $649,950
Rental: $1,400 per unit (3 units),
*3537 N. 16th St.
List Price: $649,950
Rental: $1,400 per unit (3 units)...
Contact an agent
Home facts
- Year built:2017
- Listing ID #:PAPH2595796
- Added:49 day(s) ago
- Updated:May 16, 2026 at 01:36 PM
Rooms and interior
- Bedrooms:6
- Basement:Yes
- Living area:2,940 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Central, Electric
Structure and exterior
- Year built:2017
- Building area:2,940 sq. ft.
- Lot area:0.04 Acres
- Architectural Style:Straight Thru
- Construction Materials:Masonry
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$649,950
- Price per sq. ft.:$221.07
- Tax amount:$1,875 (2025)
Parking
- Parking description:On Street
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