USAPAPhiladelphiaTemple University1848 N 16Th St
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$999,900

For Sale

9 hours ago

1848 N 16Th St, Philadelphia, PA

House

MLS® PAPH2668006

0 Bed

0 Bath

4297 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 4297 sqft
Garage 
Taxes $2,539
Days Active 1
Lot Size 0.04 Acres
Approx. Age 2019
Avg. Price Per Sqft $232
MLS® Number PAPH2668006

Property Address: 1848 N 16th St, PHILADELPHIA, PA, 19121-3301

Average square foot calculated using Size range provided by listing agent.

Description

INVESTOR ALERT — 24 HOURS NOTICE REQUIRED. Three-unit building, 2020 construction, 14 bedrooms and 8 bathrooms across 4, 297 sq ft. Tax abatement in place through 2030: real estate taxes currently run approximately $1, 219 per year against roughly $12, 699 at full assessment — a difference of about $11, 480 annually, or $45, 920 over the remaining term. Purchasers should underwrite the step-up on expiry. Unit 1 — 6 bed / 3 bath, currently vacant, four bedrooms on the below-grade ground floor Unit 2 — 2 bed / 2 bath, $1, 450/month Unit 3 — 6 bed / 3 bath, $4, 650/month Units 2 and 3 are leased at market for the 26/27 season, together producing $73, 200 annually. Unit 3 was repositioned from four tenants at $2, 750 to six at $4, 650 — a 69% increase, already executed. Common roof deck and rear patio. The asking price is set against income in place today rather than on a stabilised basis, so a purchaser acquires the lease-up on Unit 1 rather than paying for it. Walking distance to Temple University Main Campus and the Broad Street Line. Offering memorandum with full rent roll and operating statement available on request. All figures subject to independent verification.
MLS® NumberPAPH2668006
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2019
BasementFully Finished
DrivewayOn Street
Garage Spaces
HeatForced Air, Electric
A/CCentral A/C, Electric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 8, 2026List Date
$999,900List Price
  • Commute

Commute

Starting Address
Destination Address
1848 N 16Th St, Philadelphia, PA

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