Investments Sales Management

Straight Thru

3535-3537 N 16TH STREET

PHILADELPHIA , PA 19140

MLS#: PAPH727972

$1,260,000

Status: Closed
Listing number: PAPH727972
Listing provided by: Compass Pennsylvania, LLC
Listing agent phone: None
Last update: 1 year, 8 months ago
On site: 6 years ago
Browse Properties
Main image without alt text

Property

Beds

12

Full Baths

None

1/2 Baths

None

Year Built

2017

Sq.Footage

5,880

Two fully-leased modular construction multifamily buildings on the booming North Broad Corridor at Temple University Hospital. Six units in total (two triplexes) with 12 beds. All units are 2bd x 2ba and the lower level units include full basements which can be used for additional rental income. Modern interiors and appliances, high ceilings, and energy efficient building systems. Dedicated building management and leasing. Built in 2017 as new construction using efficient and dynamic modular construction techniques. 8 years left on tax abatement. Extremely low operating expenses and strong rental appreciation in this growing submarket located just a 5-minute walk from SEPTA Broad St subway connecting directly into Center City Philadelphia. Located in Qualified Opportunity Zone with millions of SF in new development planned and in active stages from some of the most notable real estate developers in the city and the USA. Extremely strong rental demand from world-class employer TU Hospital with over 5500 high skilled/paid employees in need of high quality rental housing. Tenants are waitlisted to fill these buildings. Pro forma investment approach calls for 7% rental increases annually which boosts the NOI from around 87K to 94K, or from 6.9% to 7.5%. Less than 1mile from Amtrak's North Philadelphia Station redevelopment which calls for 1.7M SF of new homes, research labs, and offices. Additional projects include the redevelopment of the historic Uptown Theater and Beury Building and hundreds of units in urban infill new development. Available immediately. Tenant-occupied properties. 24hr notice required to tour. *Please note MLS only allows up to 4 units entered for listing; there are 6 (Six) units being offered here.

Features & Amenities

Interior

  • Total Bedrooms

    12

  • Bathrooms

    N/A

  • Above Grade Finished Area

    5880.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Electric, Central

Exterior

  • Garage

    No

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.04

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Straight Thru

Price

  • Sales Price

    $1,260,000

  • Tax Amount

    1470.0

  • Sq. Footage

    5, 880

  • Price/SqFt

    $214

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

PHILADELPHIA

Elementary School

Middle School

High School

Listing Courtesy of Ryan J McManus , Compass Pennsylvania, LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Two fully-leased modular construction multifamily buildings on the booming North Broad Corridor at Temple University Hospital. Six units in total (two triplexes) with 12 beds. All units are 2bd x 2ba and the lower level units include full basements which can be used for additional rental income. Modern interiors and appliances, high ceilings, and energy efficient building systems. Dedicated building management and leasing. Built in 2017 as new construction using efficient and dynamic modular construction techniques. 8 years left on tax abatement. Extremely low operating expenses and strong rental appreciation in this growing submarket located just a 5-minute walk from SEPTA Broad St subway connecting directly into Center City Philadelphia. Located in Qualified Opportunity Zone with millions of SF in new development planned and in active stages from some of the most notable real estate developers in the city and the USA. Extremely strong rental demand from world-class employer TU Hospital with over 5500 high skilled/paid employees in need of high quality rental housing. Tenants are waitlisted to fill these buildings. Pro forma investment approach calls for 7% rental increases annually which boosts the NOI from around 87K to 94K, or from 6.9% to 7.5%. Less than 1mile from Amtrak's North Philadelphia Station redevelopment which calls for 1.7M SF of new homes, research labs, and offices. Additional projects include the redevelopment of the historic Uptown Theater and Beury Building and hundreds of units in urban infill new development. Available immediately. Tenant-occupied properties. 24hr notice required to tour. *Please note MLS only allows up to 4 units entered for listing; there are 6 (Six) units being offered here.

3535-3537 N 16TH STREET

Message successfully sent.

What would you like to know?

Related Properties

1947 N 33rd Street: A turnkey, fully-stabilized, new construction multifamily asset with a 7.5% cap rate in North Philadelphia West across from Fairmount Park, featuring 5 spacious residential units - all two or three bedrooms each (average 1,380 SF per unit!) - on a desirable, scenic park-front stretch of North 33rd Street. Acquire this high-quality, low-maintenance, new-build (2020 vintage) with a little over 5 years remaining on a full 10-year property tax abatement. Delivered 100% leased, the property offers both steady cash flow and strong appreciation potential driven by the rapidly-developing North Philadelphia submarket. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in 2025, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside.
#PAPH2485888

PHILADELPHIA

1947 N 33RD STREET

14 Beds

None Baths

8,467 Sq.Ft.

$1,375,000

MLS#: PAPH2485888

Welcome to 1309 S 52nd St., a prime multifamily investment opportunity nestled in the heart of Philadelphia's vibrant and rapidly developing 19143 area. This impressive property represents a rare chance to acquire a meticulously maintained multi-family building boasting 5 spacious residential units, each featuring 2 bedrooms and 2 full bathrooms, making it an ideal investment for both seasoned and budding real estate investors. Offered at a 7.25% cap rate. The buildings exterior exudes classic charm and is complemented by a well-manicured facade, offering exceptional curb appeal. Each of the 5 units has been thoughtfully designed to provide a comfortable and modern living environment, ensuring a high level of desirability among potential tenants. The open floor plans, abundant natural light, and contemporary finishes creating an inviting atmosphere, while the inclusion of two full bathrooms per unit adds an extra layer of convenience and luxury. All units come with a full appliance package, in-unit washer-dryers, built in surround sound speakers, security systems. In addition to the property's undeniable appeal, the location itself is a stand out feature. Nearby development projects are enhancing the area's appeal and promise future appreciation for savvy investors. Its also very close to many educational and medical facilities, including but not limited to: Penn Medicine University City, Childrens Hospital of Philadelphia, University of Pennsylvania. With its strategic location, well-appointed units, and strong rental potential, 1309 S 52nd St, represents a compelling opportunity for investors seeking a multi-family property with enduring value and significant growth potential. Dont miss your chance to own a piece of this dynamic and evolving neighborhood while securing a solid return on investment. 7 years left on the tax abatement and the building is 100% stabilized as all 5 units are rented. Contact us to schedule a tour and request financials.
#PAPH2483210

PHILADELPHIA

1309 S 52ND STREET

10 Beds

None Baths

6,500 Sq.Ft.

$1,250,000

MLS#: PAPH2483210

5 HOUSES 1 DEED-VERY RARE! Welcome to the hottest area in Fishtown/Old Kensington. Property is fully occupied but for an investor that is interested in short term rentals, THIS IS A GRANDSLAM! Estimated to gross around 200,000. This great investment is 5 side-by-side 3 story trinity townhomes all with separate entrances and a separate shared lot for all the houses. You read that right! 5 HOUSES all on one deed, SUPER RARE. These highly desirable homes have each been updated. Each townhome has 2 large bedrooms & one full bathroom. The first floor is split between a comfortable open living space, dining room and a large kitchen stocked with appliances, a large sink and nice cabinets. Each room has plenty of natural light shining in from the newer windows. These two bedroom homes are loaded with character and located on an amazing block close to coffee shops, trendy pubs, restaurants and public transportation. Being sold as a package deal. Each building has it's own BRT Number. One water meter for all buildings.
#PAPH2481478

PHILADELPHIA

107 W THOMPSON STREET 15

10 Beds

None Baths

3,308 Sq.Ft.

$1,274,999

MLS#: PAPH2481478

Excellent location to own a multi-unit in the most desirable destination of downtown Philadelphia. This 4-unit commercial and 3 apartments are fully occupied. The 1st-floor Commercial retail tenant is lease 1,500. with a full basement on a Net lease. The 2nd floor-bedroom apartment is currently occupied with a full kitchen and full bath. The 3rd floor is also currently occupied as a one bedroom, kitchen, full bath. The 3 units are at 1536 Rodman Street entrance behind(on Rodman Street) and this unit has HVAC, a full kitchen, a full bath, and a separate basement. All units have laundry, hardwood floors throughout, and all updated tile bathrooms. All utilities are separated. Conveniently, located within walking distance to all the center city has to offer, Best dining, shopping, Broad Street Subway line, etc. . Do not disturb all the retail tenants and contact the showing agent for all questions and show. All showings send POF before scheduling.
#PAPH2469600

PHILADELPHIA

1537 SOUTH STREET

4 Beds

None Baths

2,786 Sq.Ft.

$1,050,000

MLS#: PAPH2469600

Dreaming of opening your own business or expand your existing business in a prime Philadelphia location? You've hit the jackpot with this rare, highly sought-after, and amazing opportunity that's simply too good to miss. A great opportunity to own and operate your own business or convert the three story living quarters into an apartments and rent out. The previous business was in operation for decades as a dance studio. Set on a visible, double-wide corner lot, across from Methodist hospital and medical offices, this building is already commercially zoned for a school use and would need a use change for your specific business. An open-air patio overlooking a courtyard welcomes your clientele, and the reception area inside has plenty of room for arriving guests. An expansive 4-level floor plan offers limitless possibilities to practice multiple disciplines with several entrances, large rooms for open floor plans with spaces for a break room, abundant storage options, 3 restrooms, and central air conditioning. All of the mechanicals are updated, and the interior cosmetics are excellent, so there's little left to do except put up your sign before you begin operating. Access is easy for your clients with nearby connections to the subway and buses, plus you'll be close to notable music, art, and cultural events in old-fashioned but trendy Passyunk Square. All that's left is for you to realize your longtime vision and turn this ideal property into the office or medical facility or even a private school you've always wanted. It's a chance you don't want to miss, so come take a tour while it's still available!
#PAPH2462760

PHILADELPHIA

2337 S 13TH STREET

4 Beds

None Baths

4,896 Sq.Ft.

$1,074,999

MLS#: PAPH2462760

Unlock the potential of this rare 10-unit multifamily gem, a prime value-add investment offering immediate cash flow and long-term appreciation in Northeast Philadelphia’s high-demand rental market. Featuring ten well-designed 1-bedroom units, each 500 sq. ft. with a living room, eat-in kitchen, bedroom, and full bathroom with a tub, this property presents an exceptional opportunity for investors. With five vacant units and five current tenants paying below-market rents and leases up between July and September, the potential to increase cash flow is immediate, with market rents projected at $1,440 per unit, generating up to $14,000+ in monthly rental income. Whether you choose to modernize units with light cosmetic updates or take advantage of guaranteed Section 8 rental income, this property is an ideal high-yield investment. Offered at $1.4M with a current 7% cap rate, and the potential of a 10.67% cap rate along with low annual taxes under $6,000, this asset is positioned for strong equity growth. Sitting on a spacious 0.2-acre lot with 4,600+ sq. ft. of interior space, this property provides incredible expansion potential, including the ability to add a third floor for additional units or utilize the side and backyard for off-street parking, a play area, or premium tenant amenities. Strategically located near major transit, Roosevelt Blvd’s shopping district, the Navy Yard, and top employment hubs, tenant demand remains strong, ensuring consistent occupancy and long-term profitability. Whether you're looking to renovate, reposition, or expand, this property is a rare opportunity to maximize returns and build equity in a thriving rental market. Expenses and rent roll available upon request. * Seller is working on refreshing vacant units and placing tenants in at market rent.
#PAPH2457966

PHILADELPHIA

6126 BINGHAM STREET 28

10 Beds

None Baths

4,608 Sq.Ft.

$1,400,000

MLS#: PAPH2457966

Welcome to a rare investment opportunity in one of Philadelphia's fastest-growing neighborhoods! This newly renovated 9-unit property is a money-making machine, fully occupied with long-term tenants. Located in an up-and-coming section of the city, this property promises great appreciation potential as the area continues to develop. Whether you're a seasoned investor or just starting to grow your portfolio, this property offers a reliable, income-generating asset in a promising market. Don't miss out on this opportunity to own a piece of Philadelphia's revitalization! Contact the listing agent today to schedule a viewing and learn more about this fantastic investment opportunity!
#PAPH2435324

PHILADELPHIA

1300 HARRISON STREET

6 Beds

None Baths

2,704 Sq.Ft.

$1,100,000

MLS#: PAPH2435324

1200 N 5th St., a corner mixed-use investment property located along Girard Avenue’s commercial corridor. The site consists of two commercial spaces and three apartments. The corner commercial space, a former diner/restaurant is currently vacant and presents a great opportunity to for an owner-user. The second commercial space is also vacant. Both spaces are currently marketed for lease. The apartments were renovated in 2017, featuring new kitchens w/quartz counters, stainless steel appliances, white cabinets, engineered hardwood floors, 4-piece tile baths, laundry in each unit, and plenty of natural light throughout. All units are self-contained, and the property has two years remaining on a partial tax abatement. Located at the northwest corner of N. 5th Street and W. Girard Avenue, the property is nestled between Northern Liberties and Fishtown. This is an excellent location right in the heart of a tremendous amount of development along Girard Avenue both to the East and West. The site has easy access to Center City, the Girard trolley line, the Market Frankford El train, and many bus routes. Northern Liberties and Fishtown are both bustling commercial corridors with an abundance of restaurants, cafes, grocery stores, and retail stores. Both neighborhoods also have a very strong residential market and are prime locations for residents of Philadelphia.
#PAPH2410910

PHILADELPHIA

1200 N 5TH STREET

6 Beds

None Baths

4,220 Sq.Ft.

$1,350,000

MLS#: PAPH2410910

Dreaming of opening your own business or expand your existing business in a prime Philadelphia location? You've hit the jackpot with this rare, highly sought-after, and amazing opportunity that's simply too good to miss. A great opportunity to own and operate your own business or convert the three story living quarters into an apartments and rent out. The previous business was in operation for decades as a dance studio. Set on a visible, double-wide corner lot, across from Methodist hospital and medical offices, this building is already commercially zoned for a school use and would need a use change for your specific business. An open-air patio overlooking a courtyard welcomes your clientele, and the reception area inside has plenty of room for arriving guests. An expansive 4-level floor plan offers limitless possibilities to practice multiple disciplines with several entrances, large rooms for open floor plans with spaces for a break room, abundant storage options, 3 restrooms, and central air conditioning. All of the mechanicals are updated, and the interior cosmetics are excellent, so there's little left to do except put up your sign before you begin operating. Access is easy for your clients with nearby connections to the subway and buses, plus you'll be close to notable music, art, and cultural events in old-fashioned but trendy Passyunk Square. All that's left is for you to realize your longtime vision and turn this ideal property into the office or medical facility or even a private school you've always wanted. It's a chance you don't want to miss, so come take a tour while it's still available!
#PAPH2158394

PHILADELPHIA

2337 S 13TH STREET

4 Beds

None Baths

4,896 Sq.Ft.

$1,074,999

MLS#: PAPH2158394

INVESTOR ALERT!! Package deal available to include 10 Northeast row , twins or end of row rental properties. All are currently rented with seasoned tenants. All are single family homes. All have reasonable rent amounts. All are well maintained. Buyer must show buying capability before information is divulged. Will be sold as a complete package. Sellers will not break the portfolio apart at this time. Do not disturb any tenant without having proved ability to purchase. Exterior showings only!!
#PAPH2515580

PHILADELPHIA

2340 MARGARET STREET

28 Beds

None Baths

1,246 Sq.Ft.

$1,450,000

MLS#: PAPH2515580

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here