1844 N 16th St
Listing Notes
Investor Alert! 24-hour notice required for all showings. Currently operating as a 6-bedroom, 2.5 bath rental, the property generates $4,200 per month ($50,400 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one. Offering a nearly 9% cap rate. This property is that it is a legal six-unit rooming house with grandfathered zoning rights, making it a 6-unit building by right. This designation creates significant future value-add potential for the next owner. Subject to buyer due diligence. The property benefits from its premier location just steps from Temple University's main campus. Positioned in the heart of the university's most desirable off-campus housing district and within campus patrol zone. 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 and PAPH2637494
Price in context
Cheaper than 50% of the 24 homes listed nearby right now, which run $235,725 to $575,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1931 N Gratz St | $235,725 | — |
| 1828 N Willington St | $265,000 | 7 bd · 3 ba |
| 1719 W Berks St | $269,000 | 6 bd · 2.5 ba |
| 2005 N 17th St | $299,000 | — |
| 1951 N Gratz St | $299,000 | — |
| 1718 W Norris St | $299,900 | — |
| 1811 N Bouvier St | $304,900 | 6 bd · 3 ba |
| 2041 N 15th St | $310,000 | — |
| 1612 Fontain St | $330,000 | 6 bd · 2.5 ba |
| 1600 W Diamond St | $349,000 | 5 bd · 3 ba |
| 1800 N 18th St | $350,000 | — |
| 1937 N Gratz St | $375,000 | — |
| 1844 N 16th St | $399,900 | 6 bd · 2.5 ba |
| 1918 N Gratz St | $399,900 | — |
| 1617 W Oxford St | $465,000 | — |
| 1726 Arlington St | $469,900 | — |
| 1739 W Berks St | $474,900 | — |
| 1803 W Berks St | $495,000 | — |
| 1805 W Berks St | $495,000 | — |
| 1807 W Berks St | $495,000 | — |
| 1842 N 16th St | $499,900 | 7 bd · 2.5 ba |
| 1842 N 16th St | $499,900 | — |
| 1939 N Gratz St | $525,000 | — |
| 1531 W Norris St | $575,000 | 7 bd · 2.5 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more