417 S 16th St Philadelphia, PA 19146
Rittenhouse Square NeighborhoodEstimated payment $5,488/month
Total Views
623
--
Bed
--
Bath
2,472
Sq Ft
$324
Price per Sq Ft
Highlights
- Traditional Architecture
- 4-minute walk to Lombard-South
- 60+ Gallon Tank
- 90% Forced Air Heating System
About This Home
Charming Rittenhouse Triplex – Fully Leased Investment Opportunity
Nestled on an adorable tree-lined street just a short stroll from iconic Rittenhouse Square, 417 S 16th Street offers the perfect blend of character, location, and income potential. This well-maintained triplex features three thoughtfully designed units, each filled with natural light thanks to large windows throughout.
First Floor: 2 bed / 1 bath, $1,900/month, includes central air and in-unit laundry.
Second Floor: 2 bed / 1 bath, $1,800/month.
Third Floor: 1 bed / 1 bath, $1,450/month, with in-unit laundry.
All units boast spacious layouts and stylish finishes that tenants love. Located just steps from some of the city's best restaurants, including Harper’s Garden, Parc, and more, this property offers unbeatable walkability and convenience. Laundry is also available in the basement for added tenant ease.
Whether you're expanding your portfolio or entering the market, this fully leased triplex is a turnkey opportunity in one of Philadelphia’s most desirable neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,298
Year Built
- Built in 1800
Lot Details
- 1,056 Sq Ft Lot
- Lot Dimensions are 16.00 x 66.00
Parking
- On-Street Parking
Home Design
- 2,472 Sq Ft Home
- Triplex
- Traditional Architecture
- Brick Foundation
- Masonry
Utilities
- 90% Forced Air Heating System
- 60+ Gallon Tank
Additional Features
- Basement
Community Details
- 3 Units
- Income includes apartment rentals, laundry
Listing and Financial Details
- Tax Lot 96
- Assessor Parcel Number 081155600
Map
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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 | $10,949 | $950,000 | $190,000 | $760,000 |
| 2024 | $10,949 | $950,000 | $190,000 | $760,000 |
| 2023 | $10,949 | $782,200 | $156,440 | $625,760 |
| 2022 | $9,260 | $782,200 | $156,440 | $625,760 |
| 2021 | $9,260 | $0 | $0 | $0 |
| 2020 | $9,260 | $0 | $0 | $0 |
| 2019 | $8,962 | $0 | $0 | $0 |
| 2018 | $8,402 | $0 | $0 | $0 |
| 2017 | $8,402 | $0 | $0 | $0 |
| 2016 | $8,402 | $0 | $0 | $0 |
| 2015 | $8,043 | $0 | $0 | $0 |
| 2014 | -- | $600,200 | $67,721 | $532,479 |
| 2012 | -- | $57,600 | $23,359 | $34,241 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/05/2025 07/05/25 | Pending | -- | -- | -- |
| 06/25/2025 06/25/25 | For Sale | $799,999 | +14.3% | $324 / Sq Ft |
| 12/30/2014 12/30/14 | Sold | $699,750 | -12.4% | $283 / Sq Ft |
| 12/02/2014 12/02/14 | Pending | -- | -- | -- |
| 10/24/2014 10/24/14 | For Sale | $799,000 | -- | $323 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $699,750 | None Available | |
| Deed | $600,000 | None Available | |
| Deed | $445,000 | -- | |
| Deed | $155,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $455,000 | New Conventional | |
| Closed | $559,800 | Commercial | |
| Previous Owner | $450,000 | Commercial | |
| Previous Owner | $254,700 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $421,000 | Commercial | |
| Previous Owner | $333,700 | Commercial | |
| Previous Owner | $141,250 | Commercial | |
| Closed | $89,000 | No Value Available |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2496068
APN: 081155600
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