Property

Philadelphia, PA 19140 3535 N 16Th Street

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Presented By: KW Empower
  • MLS# PAPH2463374
  • 06/17/2025
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  • Beds • 6

Home Details

Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 6.3% 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 immediatelya rare find in one of Philadelphias 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: $687,500 Rental: $1,400 per unit (3 units), *3537 N. 16th St. List Price: $687,500 Rental: $1,400 per unit (3 units)
Presented By: KW Empower

Interior Features for 3535 N 16Th Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
BasementOther
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterNatural Gas

General for 3535 N 16Th Street

Acceptable FinancingCash, FHA, Conventional
AccessibilityNone
Architectural StyleStraight Thru
Association Recreation FeeN
Cap Rate6.30
CityPHILADELPHIA
Construction Completed Y/NYes
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsTake N 3rd St and Callowhill St to N Broad St., turn right onto N Broad St., and drive to N 16th St.
Garage Y/NNo
HeatingCentral
Historic Y/NNo
Home Warranty Y/NNo
Lease TypeMonth to Month
MLS Area19140 (19140)
ModificationTimestamp2025-06-22T10:59:50
MunicipalityPHILADELPHIA
New ConstructionYes
Number Of Units Total3
Number of Units Leased3
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnershipOther
Possession31-60 Days CD
Price Per Sq Ft Total AG233.84
Property ConditionExcellent
Property SubtypeTriplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Tax Annual Amount1875.0
Tax Assessed Value134000.0
Tax Lot205
Tax Year2024
Total SQFT2940
Two Bedroom3
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built2017
Year Built SourceAssessor
ZoningRSA5

Exterior for 3535 N 16Th Street

Foundation DetailsOther
Land Assessed Value134000.00
Land Use CodeW50
Lot Dimensions16.00 x 118.00
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
SpaNo
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Tina Torres

Broker/Owner
Price $687,500
MLS#PAPH2463374
List Date 06/17/2025
Property Type Multi-Family
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