5651 N 16th St, Philadelphia, PA 19141
Local realty services provided by:ERA Liberty Realty
5651 N 16th St,Philadelphia, PA 19141
$249,900
- 5 Beds
- - Baths
- 2,000 sq. ft.
- Multi-family
- Active
Listed by:vardgas oganisean
Office:market force realty
MLS#:PAPH2525778
Source:BRIGHTMLS
Price summary
- Price:$249,900
- Price per sq. ft.:$124.95
About this home
Turnkey Duplex – Fully Occupied with Section 8 Tenants + Basement Studio Potential | $2,300 Gross Monthly Income
Excellent cash-flowing investment! This fully occupied legal multifamily duplex features two income-producing units with guaranteed Section 8 rental payments, offering immediate and stable returns. Plus, half of the basement presents a great opportunity to add a third unit - studio apartment which will maximize your ROI.
Property Overview:
Total Gross Monthly Income: $2,300
Section 8 Approved – Reliable, on-time payments
Well-Maintained Building
Separate Entrances for Each Unit
Basement with Studio Conversion Potential
Unit Breakdown:
1st Floor Unit:
2 Bedrooms, 1 Bathroom
Spacious living area and eat-in kitchen
Well-maintained with stable tenant in place
2nd Floor (3FL including) Unit:
4 Bedrooms, 1 Bathroom
Ideal for larger families
Bright, open layout with generous space and solid rental history
A lot of parking space around the property!
This property is perfect for both seasoned and first-time investors seeking reliable cash flow with value-add potential. Reach out today to schedule a showing or request a full rent roll and expense sheet.
Contact an agent
Home facts
- Year built:1925
- Listing ID #:PAPH2525778
- Added:54 day(s) ago
- Updated:October 02, 2025 at 01:39 PM
Rooms and interior
- Bedrooms:5
- Living area:2,000 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Window Unit(s)
- Heating:Hot Water, Natural Gas
Structure and exterior
- Year built:1925
- Building area:2,000 sq. ft.
- Lot area:0.1 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$249,900
- Price per sq. ft.:$124.95
- Tax amount:$4,337 (2025)
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