1848 N 16TH ST, Philadelphia, PA 19121
1848 N 16TH ST, Philadelphia, PA 19121
1848 N 16TH ST, Philadelphia, PA 19121
1848 N 16TH ST, Philadelphia, PA 19121
1848 N 16TH ST, Philadelphia, PA 19121
1848 N 16TH ST, Philadelphia, PA 19121
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Listed by Danielle Redenbaugh • BHHS Fox & Roach-Center City Walnut
$ 999,900
Est. payment | /mo

4,297 SqFt


Save
$ 999,900
Est. payment | /mo
Save

4,297 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 4,297 sqft

Price per Sqft $232

Subdivision Temple University

MLS Listing ID PAPH2668006

Style Contemporary

Abv Grd Liv Area 4,297

Year Built 2019

Annual Tax Amount $2,539

Tax Year 2026

Lot Size 1,560 Sqft

Acres 0.04

Lot Dimensions 16.00 x 98.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property 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.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Rooms

Basement Fully Finished

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Private Pool No

Building

Unit Features Garden 1 - 4 Floors

Foundation Block

Above Ground Finished SqFt 4297

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 321098601

Ownership Fee Simple

SqFt Source 4297

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

Debbie Weymouth

+1(443) 827-0700

debbie@theweymouthgroup.com

8825 Stanford Blvd #300, Columbia, MD 21045

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1848 N 16TH ST