913 N 16Th Street Philadelphia, PA $ 1,250,000
913 N 16Th Street
$ 1,250,000
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913 N 16Th Street

Philadelphia, PA, 19130
$ 1,250,000
Bedrooms9 Baths0.0

Monthly Estimate*

$ 8,308

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Multi-Family Home for sale in Philadelphia, PA

for $1,250,000 with 9 bedrooms. This home was built in 1915 on a lot size of 0.05.

Introducing 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 Philadelphias 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.

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Multi-Family Active

Price

$ 1,250,000

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 15,273

Style

Straight Thru

Lot Size

0.05

Year Built

1915

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2321054

Features
Interior
Heating Fuel Natural Gas
Basement Fully Finished
Hot Water Natural Gas
Furnished Units All
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix STREET
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Hot Water
Cooling Central A/C
Possession Immediate
Zoning RM1
Garage Spaces 3.00
Architectural Style Straight Thru
Construction Materials Masonry
Year Built 1915
Property SubType Quadruplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Natural Gas
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Multi-Family
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions W Girard ave and North 16th Street
City PHILADELPHIA
Buyer Agent Compensation 2.5
Total Units 3
MLS Area 19130 (19130)
Lot Size Square Feet 2051.00
Waterfront Y/N N
Street Name 16TH
Tax Annual Amount 15273.0
Two Bedroom 1
Structure Type End of Row/Townhouse
Price Per Sq Ft Total 271.27
Rent Control Y/N N
Vacation Rental Y/N N
Avg. Water Per Month 230.0
Days on Market 94
Standard Status Active
Year Built Source Assessor
Tax Lot 67
Buyer Agent Compensation Type % Of Gross
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Exterior
Pool No Pool
Water Source Public
Inclusions All furniture/ Appliance
Garage Features Garage Door Opener
Type of Parking Detached Garage
Foundation Details Permanent
Water View Y/N N
Lot Dimensions 18.00 x 119.00
Lot Size Acres 0.05
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 218220.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 913
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* Excluded Features
List By
Canaan Realty Investment Group

Broker

phillyrealtorblake@gmail.com

Email

Affordability Calculator

$9,581
Per Month
87%
13%
0%
Monthly Principal & Interest
$8,308
Monthly Property Taxes
$1,273
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4488946 Elementary School
4488947 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/15/2024$1,250,000 Listed Price

Map


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913 N 16Th Street, Philadelphia, PA, 19130 is a Multi-Family Home for sale at $1,250,000 with a lot size of 0.05. 913 N 16Th Street has 9 bedrooms, 0.0 baths, and was built in 1915. The property's zip code is 19130 which is in Philadelphia, PA