5651 N 16th St Philadelphia, PA 19141
Ogontz NeighborhoodEstimated payment $1,569/month
Highlights
- 0.1 Acre Lot
- 4-minute walk to Olney
- Ceiling Fan
- Colonial Architecture
- More Than Two Accessible Exits
- 2-minute walk to Kemble Park
About This Home
Turnkey Duplex – Fully Occupied with Section 8 Tenants + Basement Studio Potential | $2,300 Gross Monthly Income
Excellent cash-flowing investment! This fully occupied legal multifamily duplex features two income-producing units with guaranteed Section 8 rental payments, offering immediate and stable returns. Plus, half of the basement presents a great opportunity to add a third unit - studio apartment which will maximize your ROI.
Property Overview:
Total Gross Monthly Income: $2,300
Section 8 Approved – Reliable, on-time payments
Well-Maintained Building
Separate Entrances for Each Unit
Basement with Studio Conversion Potential
Unit Breakdown:
1st Floor Unit:
2 Bedrooms, 1 Bathroom
Spacious living area and eat-in kitchen
Well-maintained with stable tenant in place
2nd Floor (3FL including) Unit:
4 Bedrooms, 1 Bathroom
Ideal for larger families
Bright, open layout with generous space and solid rental history
A lot of parking space around the property!
This property is perfect for both seasoned and first-time investors seeking reliable cash flow with value-add potential. Reach out today to schedule a showing or request a full rent roll and expense sheet.
Listing Agent
(215) 966-7772 oganisean.vardgas@yahoo.com Market Force Realty License #RS348567 Listed on: 08/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,337
Year Built
- Built in 1925
Lot Details
- 4,186 Sq Ft Lot
- Lot Dimensions are 46.00 x 91.00
Parking
- On-Street Parking
Home Design
- Duplex
- Colonial Architecture
- Stone Foundation
- Masonry
Interior Spaces
- 2,000 Sq Ft Home
- Ceiling Fan
Accessible Home Design
- More Than Two Accessible Exits
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- Electric Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Tax Lot 207
- Assessor Parcel Number 172125300
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 |
|---|---|---|---|---|
| 2026 | $3,117 | $309,900 | $61,980 | $247,920 |
| 2025 | $3,117 | $309,900 | $61,980 | $247,920 |
| 2024 | $3,117 | $309,900 | $61,980 | $247,920 |
| 2023 | $3,117 | $222,700 | $44,540 | $178,160 |
| 2022 | $2,353 | $222,700 | $44,540 | $178,160 |
| 2021 | $2,353 | $0 | $0 | $0 |
| 2020 | $2,353 | $0 | $0 | $0 |
| 2019 | $2,457 | $0 | $0 | $0 |
| 2018 | $1,933 | $0 | $0 | $0 |
| 2017 | $1,933 | $0 | $0 | $0 |
| 2016 | $1,933 | $0 | $0 | $0 |
| 2015 | $1,851 | $0 | $0 | $0 |
| 2014 | -- | $138,100 | $30,558 | $107,542 |
| 2012 | -- | $17,920 | $5,208 | $12,712 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/04/2025 10/04/25 | Price Changed | $229,900 | -8.0% | $115 / Sq Ft |
| 08/08/2025 08/08/25 | For Sale | $249,900 | -- | $125 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $135,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $131,577 | FHA |
Source: Bright MLS
MLS Number: PAPH2525778
APN: 172125300
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