6 Beds
3 Baths
2,592 SqFt
6 Beds
3 Baths
2,592 SqFt
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,592 sqft
Price per Sqft $146
Subdivision Temple University
MLS Listing ID PAPH2686570
Style Traditional
Bedrooms 6
Full Baths 2
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 2,592
Year Built 1915
Tax Year 2026
Lot Size 1,675 Sqft
Acres 0.04
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Exceptional opportunity to acquire a 6-bedroom, 2.5-bath student housing property on the 1800 block of N 16th Street, between Berks Street and Montgomery Avenue, in one of Temple University's most established off-campus rental markets.
The property is fully leased through July 2027 at $4,200 per month ($50,400 gross annual income), or $700 per bedroom per month, providing investors with stable, predictable income from day one.
A standout feature of this property is its grandfathered zoning rights for 6 units, creating significant future value-add potential for the next owner, subject to buyer due diligence.
Located just steps from Temple University's Main Campus and within the Temple University Patrol Zone, the property sits in one of Philadelphia's strongest student housing corridors, known for consistent tenant demand and long-term rental stability.
Available individually or as part of a larger portfolio package including several neighboring properties on this block and the surrounding area.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Story 3
Foundation Brick/Mortar
Above Ground Finished SqFt 2592
Sewer Public Septic
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Senior Community No
Tax ID 321200705
Ownership Fee Simple
SqFt Source 2592
Special Listing Condition Standard
Nearby Locations
GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or REMITTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.