1534 N 16Th Street Philadelphia, PA $ 6,999,999
1534 N 16Th Street
$ 6,999,999
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1534 N 16Th Street

Philadelphia, PA, 19121
$ 6,999,999
Bedrooms-- Baths-- Sq 21,120

Monthly Estimate*

$ 43,671

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Commercial Property for sale in Philadelphia, PA

for $6,999,999. This 21,120 square foot building was built in 1950 on a lot size of 0.16.

PRICE IMPROVED BY $499K: Owl's Nest Apartments @ Temple University. This best-in-class furnished apartment building with 69-beds has been renovated from top-to-bottom with excellent proximity to Philadelphia's largest university by enrollment, as well as the booming North Broad District, Fairmount and Francisville neighborhoods. With 28 units (1's, 2's and 3's) plus common amenities, Owl's Nest Apartments is poised to become a legacy asset at Temple insulated by perennial rental demand in a high-growth / appreciating location. Located just a few blocks from Main Campus, as well as Septa's North Broad subway line, The Property boasts tremendous curb appeal and visibility. Each apartment is fully furnishedtruly plug-and-play turnkey rentals. Amenities include study rooms, fitness center, Amazon dropbox and resident lounge. Utilities (and wifi) are included in the rent. Purchase this exceptional multifamily real estate in a Top-10 USA MSA. 10 year tax abatement (pay taxes based on assessed land value rather than improved value), low maintenance and operating costs. Enquire within for financials.

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Commercial Active

Price

$ 6,999,999

Property Type

Commercial

Taxes

$ 11,198

Style

Apartment Building

Lot Size

0.16

Year Built

1950

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2413976

Features
Interior
Heating Fuel Electric
Flooring Luxury Vinyl Plank
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
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General
Sewer Public Sewer
Heating Wall Unit
Cooling Ductless/Mini-Split
Possession Immediate
Zoning RM1
Security Features Exterior Cameras
Construction Materials Masonry
Year Built 1950
View City
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Apartment Building
Accessibility Ramp - Main Level
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Subdivision Name TEMPLE UNIVERSITY
Water Access Y/N N
Status ACTIVE
Directions SW CORNER OF 16TH AND OXFORD.
City PHILADELPHIA
Number Of Units Total 28
MLS Area 19121 (19121)
Lot Size Units Square Feet
Lot Size Square Feet 6913.00
Tax Annual Amount 11198.0
Property Condition Excellent
Price Per Sq Ft Total AG 331.44
Historic Y/N N
Vacation Rental Y/N N
Location Type Urban
Standard Status Active
Year Built Source Assessor
Tax Lot 153
Cap Rate 7.70
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Exterior
Lot Features Corner
Water Source Public
Type of Parking None
Water View Y/N N
Building Area Total 21120.00
Lot Dimensions 40.00 x 173.00
Lot Size Acres 0.16
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 532670.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1534
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* Excluded Features
List By
Keller Williams Liberty Place

Broker

ryan@agentphl.com

Email

Affordability Calculator

$44,604
Per Month
98%
2%
0%
Monthly Principal & Interest
$43,671
Monthly Property Taxes
$933
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/5/2025$6,999,999 -5.41% Price Down
3/8/2025$7,400,000 -15.43% Price Down
10/25/2024$8,750,000 Listed Price

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1534 N 16Th Street, Philadelphia, PA, 19121 is a Commercial Property for sale at $6,999,999 with 21,120 sqft and a lot size of 0.16. 1534 N 16Th Street was built in 1950. The property's zip code is 19121 which is in Philadelphia, PA