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1706 N 16Th Street Philadelphia, PA $ 699,900
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1706 N 16Th Street
$ 699,900
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1706 N 16Th Street

Philadelphia, PA, 19121
$ 699,900
Bedrooms-- Baths-- Sq 2,670

Monthly Estimate*

$ 4,309

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Commercial Property for sale in Philadelphia, PA

for $699,900. This 2,670 square foot building was built in 1915 on a lot size of 0.04.

Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional 5-plex offers immediate cash flow and strong long-term upside. Currently generating $66,660 in annual gross rental income starting August 2026 gross rental income increases to $68,400. This income-producing asset is an outstanding opportunity for investors seeking stable returns and dependable cash flow. The property consists of 5 spacious student housing units totaling 8 bedrooms and 8 bathrooms: Unit 1: 4 bed / 4 bath Current Rent $2600 Future Rent Starting August 1st $2600 Unit 2: 1 bed / 1 bath Current Rent $725 Future Rent Starting August 1st $750 Unit 3 Studio/ 1 bath Current Rent $775 Future Rent Starting August 1st $800 Unit 4 1 bed / 1 bath Current Rent $750 Future Rent Starting August 1st $800 Unit 5 Studio/ 1 bath Current Rent $700 Future Rent Starting August 1st $700 This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058, PAPH2635078, PAPH2637494, PAPH2637506, PAPH2637526, PAPH2637534 PAPH2638432, PAPH2638436, PAPH2639290 PAPH2639294, PAPH2639300, PAPH2639390, PAPH2639516 and PAPH2639518

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Commercial Active

Price

$ 699,900

Property Type

Commercial

Taxes

$ 4,549

Style

Apartment Building

Lot Size

0.04

Year Built

1915

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2639554
Features
Interior
Heating Fuel Electric
Hot Water 60+ Gallon Tank
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Baseboard - Electric Forced Air
Cooling Central A/C Window Unit(s)
Possession Negotiable
Zoning RM1
Construction Materials Brick Brick Front
Year Built 1915
Property Subtype Five Or More Units
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Gross Income 66600.00
Business Type Apartment Building
Accessibility None
County PHILADELPHIA
Net Operating Income 51300.00
New Construction N
Property Type Commercial Sale
Subdivision Name TEMPLE UNIVERSITY
Water Access Y/N N
Status ACTIVE
Directions Use GPS
City PHILADELPHIA
MLS Area 19121 (19121)
Lot Size Units Square Feet
Lot Size Square Feet 1742.00
Tax Annual Amount 4549.0
Price Per Sq Ft Total AG 262.13
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Total Actual Rent 66600.00
Cap Rate 7.50
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Exterior
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 2670.00
Lot Size Acres 0.04
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 97500.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1706
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* Excluded Features
List By
Keller Williams Realty Devon-Wayne

Broker

mikecolemanrealestate@gmail.com

Email

Affordability Calculator

$4,688
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,309
Monthly Property Taxes
$379
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/23/2026$699,900 Listed Price

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1706 N 16Th Street, Philadelphia, PA, 19121 is a Commercial Property for sale at $699,900 with 2,670 sqft and a lot size of 0.04. 1706 N 16Th Street was built in 1915. The property's zip code is 19121 which is in Philadelphia, PA

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