3535-3537 N 16Th Street
Philadelphia, PA, 19140 $ 1,200,000
Bedrooms-- Baths-- Sq 5,880 Monthly Estimate*
$ 7,577
for $1,200,000. This 5,880 square foot building was built in 2017.
Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 7.6% cap rate. Welcome to 3535 N. 16th St., a high-demand rental property in the thriving North Broad Corridor, just steps from Temple University Hospital. This fully leased multifamily building features three spacious units (each with 2 beds and 2 baths), totaling six beds, with lower-level units offering full basements for added rental potential. This triplex comes with 1 year left of the full tax abatement. Built in 2017 using efficient modular construction, this energy-efficient property boasts modern interiors, high ceilings, and contemporary appliances. Dedicated management and leasing ensure hassle-free ownership, while a remaining tax abatement keeps operating expenses low. Situated in a Qualified Opportunity Zone, this investment benefits from strong rental appreciation and a waitlist of tenants fueled by 5,500+ skilled TU Hospital professionals. Conveniently located 5 minutes from the SEPTA Broad St. subway, providing direct access to Center City, and near major redevelopments, including North Philadelphia Station, Uptown Theater, and Beury Building. This high-growth investment opportunity is available immediatelya rare find in one of Philadelphias most exciting markets. **PACKAGE NOTES: - 2 turnkey rental properties that are giving you the chance to bundle and maximize your investment. - Each property is fully occupied by good-standing tenants. - Owner can provide rent receipts, etc. **PACKAGE DEAL: *3535 N. 16th St. List Price: $600,000 Rental: $1,400-$1,450 per unit (3 units) *3537 N. 16th St. List Price: $600,000 Rental: $1,400-$1,450 per unit (3 units)
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FeaturesInteriorHeating Fuel Electric
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
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GeneralSewer Public Sewer
Heating Central
Cooling Central A/C
Possession 31-60 Days CD
Zoning RSA5
Construction Materials Masonry
Year Built 2017
Property Subtype Five Or More Units
Tax Year 2025
Ownership Other
Cool Fuel Natural Gas
Municipality PHILADELPHIA
Gross Income 102600.00
Business Type Apartment Building
Accessibility None
County PHILADELPHIA
Net Operating Income 91411.00
New Construction Y
Property Type Commercial Sale
Subdivision Name PHILADELPHIA (NORTH)
Water Access Y/N N
Status ACTIVE
Directions Take N 3rd St and Callowhill St to N Broad St. turn right onto N Broad St. and drive to N 16th St.
City PHILADELPHIA
Number Of Units Total 6
MLS Area 19140 (19140)
Tax Annual Amount 1875.0
Property Condition Excellent
Price Per Sq Ft Total AG 204.08
Acceptable Financing Cash FHA Conventional
Construction Completed Y/N Y
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 205
Total Actual Rent 102600.00
Cap Rate 7.60
Association Recreation Fee N
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ExteriorWater Source Public
Type of Parking On Street
Foundation Details Other
Water View Y/N N
Building Area Total 5880.00
Lot Dimensions 16.00 x 118.00
Waterfront Y/N N
Land Assessed Value 134000.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $7,577
- Monthly Property Taxes
- $156
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyCommerical listings in Philadelphia, PA
Average List Price $1,190,627
Percent of Sale Price 1%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/7/2026 | $1,200,000 | -4.00% | Price Down |
| 7/9/2026 | $1,250,000 | -3.84% | Price Down |
| 4/30/2026 | $1,299,900 | -0.39% | Price Down |
| 3/28/2026 | $1,305,000 | | Listed Price |