1648 S 16Th Street Philadelphia, PA $ 829,000
1648 S 16Th Street
$ 829,000
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1648 S 16Th Street

Philadelphia, PA, 19145
$ 829,000
Bedrooms4 Baths0.0

Monthly Estimate*

$ 5,726

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Multi-Family Home for sale in Philadelphia, PA

for $829,000 with 4 bedrooms. This home was built in 1915 on a lot size of 0.02.

Beautifully Maintained, Fully Occupied, Triplex with C-1 Commercial Space on 1st-Floor. The first floor is currently operated as a yoga studio. Previous uses were daycare centers operated by different operators. Petitioning for a C-2 variance providing for a coffee house or takeout foodery would yield a highly profitable business opportunity in this neighborhood location. The second and third floors feature beautifully appointed 2 bedroom/1-bathroom apartments with in-unit laundry, separate utilities, and strong rental histories. Located on two transit lines, brings excellent visibility to this property, both for commercial businesses as well as renters. Strong potential for rental increases will bring increased valuation in the years to come. BONUS: Tax abatement runs through 2030!

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Multi-Family Active

Price

$ 829,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 4,762

Style

Contemporary

Lot Size

0.02

Year Built

1915

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2671842

Features
General
Living Area 2896
Sewer Public Sewer
Heating Forced Air Heat Pump(s)
Cooling Central A/C
Possession Negotiable Immediate
Zoning CMX1
Architectural Style Contemporary
Construction Materials Masonry
School District PHILADELPHIA CITY
Year Built 1915
Property Subtype Triplex
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
Net Operating Income 47067.55
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade
Status ACTIVE
Directions 16th and Morris
City PHILADELPHIA
Number Of Units Total 3
MLS Area 19145 (19145)
Lot Size Units Square Feet
Lot Size Square Feet 992.00
Number of Units Leased 3
Tax Annual Amount 4762.0
Two Bedroom 2
Structure Type End of Row/Townhouse
Price Per Sq Ft Total AG 286.26
Avg. Electric Per Month 96.0
Rent Control Y/N N
Vacation Rental Y/N N
Virtual Tour https://vimeo.com/1225298108?share=copy&fl=sv&fe=ci
Avg. Water Per Month 110.0
Location Type Corner Lot/Unit
Lease Type Yearly Long Term
Standard Status Active
Year Built Source Estimated
Tax Lot 96
Total Actual Rent 62940.00
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Interior
Heating Fuel Electric
Basement Unfinished
Hot Water Electric
Total Stories 3
Furnished Units None
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N Y
Laundry Type Washer In Unit Dryer In Unit
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Exterior
Pool No Pool
Parking Features Public Unassigned
Water Source Public
Type of Parking On Street
Foundation Details Other
Water View Y/N N
Lot Size Acres 0.02
Lot Size Source Estimated
Waterfront Y/N N
Road Responsibility City/County
Land Assessed Value 113600.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1648
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* Excluded Features
List By
Compass Pennsylvania, Llc

Broker

john@myphillynest.com

Email

Affordability Calculator

$6,123
Per Month
94%
6%
0%
Monthly Principal & Interest
$5,726
Monthly Property Taxes
$397
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4835660 Elementary School
4835659 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/18/2026$829,000 Listed Price

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1648 S 16Th Street, Philadelphia, PA, 19145 is a Multi-Family Home for sale at $829,000 with a lot size of 0.02. 1648 S 16Th Street has 4 bedrooms, 0.0 baths, and was built in 1915. The property's zip code is 19145 which is in Philadelphia, PA