3535 N 16th St Philadelphia, PA 19140
Tioga NeighborhoodEstimated payment $3,738/month
Highlights
- Newly Remodeled
- Central Heating and Cooling System
- Property is in excellent condition
- Straight Thru Architecture
About This Home
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 immediately—a rare find in one of Philadelphia’s 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: $662,500
Rental: $1,400 per unit (3 units),
*3537 N. 16th St.
List Price: $662,500
Rental: $1,400 per unit (3 units)
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,875
Year Built
- Built in 2017 | Newly Remodeled
Lot Details
- Lot Dimensions are 16.00 x 118.00
- Property is in excellent condition
Home Design
- 2,940 Sq Ft Home
- Triplex
- Straight Thru Architecture
- Masonry
Utilities
- Central Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Natural Gas Water Heater
Additional Features
- Basement
Community Details
- 3 Units
- Income includes apartment rentals
Listing and Financial Details
- Tax Lot 205
- Assessor Parcel Number 112199910
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,891 | $670,000 | $134,000 | $536,000 |
| 2024 | $2,891 | $670,000 | $134,000 | $536,000 |
| 2023 | $2,891 | $1,032,600 | $206,520 | $826,080 |
| 2022 | $770 | $206,520 | $206,520 | $0 |
| 2021 | $770 | $0 | $0 | $0 |
| 2020 | $770 | $0 | $0 | $0 |
| 2019 | $735 | $0 | $0 | $0 |
| 2018 | $735 | $0 | $0 | $0 |
| 2017 | $286 | $0 | $0 | $0 |
| 2016 | $272 | $0 | $0 | $0 |
| 2015 | $260 | $0 | $0 | $0 |
| 2014 | -- | $19,400 | $19,400 | $0 |
| 2012 | -- | $1,728 | $1,728 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Price Changed | $662,500 | -3.6% | $225 / Sq Ft |
| 06/20/2025 06/20/25 | For Sale | $687,500 | +19.6% | $234 / Sq Ft |
| 07/11/2019 07/11/19 | Sold | $575,000 | -8.7% | $196 / Sq Ft |
| 05/13/2019 05/13/19 | For Sale | $630,000 | 0.0% | $214 / Sq Ft |
| 05/10/2019 05/10/19 | Pending | -- | -- | -- |
| 03/19/2019 03/19/19 | For Sale | $630,000 | -- | $214 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,150,000 | Trident Land Transfer Commpa | |
| Deed | -- | None Available |
Source: Bright MLS
MLS Number: PAPH2463374
APN: 112199910
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