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2,784 sqft

$499,900

1842 N 16TH STREET, PHILADELPHIA PA, 19121

Price per sqft$179.56
Built in1915
Property size2,784 sqft
Property typeMulti-family

Overview

Active

Active-bright

Listed Aug 31, 2026

Updated 8 days ago

Investor Alert! 24-hour notice required for all showings. Currently operating as a 7-bedroom, 2.5-bath student rental, the property generates $4,900 per month ($58,800 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one. With an NOI of $45,087.41, this property is offered at nearly a 10% cap rate — an exceptional return profile for a fully leased, stabilized asset in this market. This property is a legal four-unit rooming house with grandfathered zoning rights, making it a 4-unit building by right. This designation creates significant future value-add potential for the next owner, subject to buyer due diligence. The property benefits from its premier location just steps from Temple University's main campus, positioned in the heart of the university's most desirable off-campus housing district and within the campus patrol zone. The property also features a private roof deck, one of the most sought-after amenities in the Temple University rental market. Roof decks continue to command strong tenant interest and help differentiate properties from competing inventory, supporting long-term rentability and occupancy. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665178, PAPH2665182, PAPH2665180, PAPH2665184, PAPH2665188, PAPH2665192, PAPH2665196, PAPH2665198 and PAPH2665206

$3,326/mo

Est. mortgage payment based on a $499,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PAPH2665178

Interior Features

Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.04 Acres

Other Property Details

Taxes
$4,186
Tax Frequency
Annually
MLS provider logo

Listed by BHHS Fox & Roach-Center City Walnut
Listing Contact: 2676143971 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Bright MLS, Inc. all rights reserved.

Data last updated on 10/2/2026 at 12:38 AM UTC

 

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