Seller's Agent in 2024
BLAKE LAM
Canaan Realty Investment Group
(267) 221-0988
1 in this area
32 Total Sales
913 N 16th St Philadelphia, PA 19130
Fairmount NeighborhoodEstimated Value: $1,107,000 - $1,405,000
--
Bed
4
Baths
4,608
Sq Ft
$272/Sq Ft
Est. Value
Highlights
- Straight Thru Architecture
- 3-minute walk to Girard (Bss)
- Hot Water Heating System
- 3 Car Detached Garage
- Central Air
About This Home
As of June 2024Introducing a prime investment opportunity at 913 N 16th St, Philadelphia, PA 19130, a legal four-unit building with the potential to convert the garage into a fifth unit, promising an impressive income potential based on the 2023 Section 8 rent schedule with a combined monthly income of $12,000 (3BR Units at $3,408, 2BR Units at $2,820, 1BR Units at $2,353, and an estimated Garage conversion at $600). This property is fully furnished, offering a turnkey solution for immediate rental, ideal for corporate rentals or short-term stays through platforms like Furnished Finder. Its strategic location in one of Philadelphia’s vibrant neighborhoods, close to amenities, public transportation, and city attractions, makes it an appealing choice for tenants and a lucrative option for investors. With multiple income strategies, including traditional leasing and corporate rentals, this property is designed for those looking to maximize their investment with a robust return. The opportunity to add a fifth unit by converting the garage further enhances its revenue potential, making 913 N 16th St a standout investment in the Philadelphia rental market.
Last Agent to Sell the Property
(267) 221-0988 phillyrealtorblake@gmail.com Canaan Realty Investment Group Listed on: 02/15/2024
Last Buyer's Agent
(215) 778-7253 caseyrfecht@gmail.com Keller Williams Real Estate - Newtown License #RS297125
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,273
Year Built
- Built in 1915
Lot Details
- 2,051 Sq Ft Lot
- Lot Dimensions are 18.00 x 119.00
Parking
- 3 Car Detached Garage
- Garage Door Opener
Home Design
- 4,608 Sq Ft Home
- Quadruplex
- Straight Thru Architecture
- Permanent Foundation
- Masonry
Utilities
- Central Air
- Cooling System Utilizes Natural Gas
- Hot Water Heating System
- Natural Gas Water Heater
Additional Features
- Finished Basement
Community Details
- 3 Units
Listing and Financial Details
- Tax Lot 67
- Assessor Parcel Number 471210100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2024
Closed on
Jun 21, 2024
Sold by
98 Real Estate Llc
Bought by
High Ntight Llc
Seller's Agent
BLAKE LAM
Canaan Realty Investment Group
Buyer's Agent
Casey Lebarron
Keller Williams Real Estate - Newtown
List Price
$1,250,000
Sold Price
$1,200,000
Premium/Discount to List
-$50,000
-4%
Views
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,273
Avg. Annual Appreciation
3.42%
Original Mortgage
$900,000
Outstanding Balance
$888,515
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$366,758
Purchase Details
Listed on
Nov 14, 2019
Closed on
Jan 7, 2020
Sold by
Kapotas Petros and Kapotas Persefoni
Bought by
98 Real Estate Llc
Seller's Agent
Emily Ou
Realty Mark Associates-CC
Buyer's Agent
BLAKE LAM
Canaan Realty Investment Group
List Price
$1,250,000
Sold Price
$1,200,000
Premium/Discount to List
-$50,000
-4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$840,000
Interest Rate
3.72%
Mortgage Type
Construction
Purchase Details
Closed on
Oct 17, 2018
Sold by
Kapotas Petros
Bought by
Kapotas Petros and Kapotas Persefoni
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 4, 2006
Sold by
Kapotas Petros
Bought by
Kapotas Petros
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.24%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 5, 2002
Sold by
White Percy Donald
Bought by
Kapotas Petros
Purchase Details
Closed on
Sep 3, 2002
Sold by
White Rita M and Estate Of P Donald White
Bought by
White Percy Donald
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| High Ntight Llc | $1,200,000 | Greater Penn Abstract | |
| 98 Real Estate Llc | $1,200,000 | Statewide Abstract Group Inc | |
| Kapotas Petros | -- | None Available | |
| Kapotas Petros | -- | Bond & Associates Title Agen | |
| Kapotas Petros | $30,000 | -- | |
| White Percy Donald | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | High Ntight Llc | $900,000 | |
| Previous Owner | 98 Real Estate Llc | $840,000 | |
| Previous Owner | Kapotas Petros | $345,000 | |
| Previous Owner | Kapotas Petros | $340,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/27/2024 06/27/24 | Sold | $1,200,000 | -4.0% | $260 / Sq Ft | |
| 05/15/2024 05/15/24 | Pending | -- | -- | -- | |
| 02/15/2024 02/15/24 | For Sale | $1,250,000 | +4.2% | $271 / Sq Ft | |
| 02/07/2020 02/07/20 | Sold | $1,200,000 | -4.0% | $278 / Sq Ft | View Prior Sale |
| 11/19/2019 11/19/19 | Pending | -- | -- | -- | |
| 11/14/2019 11/14/19 | For Sale | $1,250,000 | -- | $289 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $15,273 | $1,091,100 | $218,200 | $872,900 |
| 2024 | $15,273 | $1,091,100 | $218,200 | $872,900 |
| 2023 | $15,273 | $1,091,100 | $218,220 | $872,880 |
| 2022 | $6,909 | $1,091,100 | $218,220 | $872,880 |
| 2021 | $6,909 | $0 | $0 | $0 |
| 2020 | $6,909 | $0 | $0 | $0 |
| 2019 | $7,987 | $0 | $0 | $0 |
| 2018 | $4,656 | $0 | $0 | $0 |
| 2017 | $4,656 | $0 | $0 | $0 |
| 2016 | $4,656 | $0 | $0 | $0 |
| 2015 | $4,729 | $0 | $0 | $0 |
| 2014 | -- | $352,900 | $15,047 | $337,853 |
| 2012 | -- | $21,120 | $1,440 | $19,680 |
Source: Public Records
Agents Affiliated with this Home
-
BLAKE LAM
-
Casey Lebarron
Buyer's Agent in 2024
Casey Lebarron
Keller Williams Real Estate - Newtown
(215) 778-7253
1 in this area
81 Total Sales
-
Emily Ou
Seller's Agent in 2020
Emily Ou
Realty Mark Associates-CC
(267) 808-1970
2 in this area
63 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2321054
APN: 471210100
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