$ 499,900
-
$499,900
Price -
0
Bed -
2
Bath -
2,784
SqFt
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About the Listing KELWLMW - 3180966,3359104
Investor Alert! 24-hour notice required for all showings. Currently operating as a 7-bedroom, 2.5-bath student rental, the property generates $4,900 per month ($58,800 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one. This property is that it is a legal four-unit rooming house with grandfathered zoning rights, making it a 4-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. The property also features a private roof deck, one of the most sought-after amenities in the Temple University rental market. Roof decks continue to command strong tenant interest and help differentiate properties from competing inventory, supporting long-term rentability and occupancy. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058 and PAPH2635078
Listing Highlights
Status
Active
Days on Site
4
Property Type
Multi-Family
MLS ®
PAPH2637494
Year Built
1915
Total Square Footage
2,784
Lot/Acreage
0.04
County
Philadelphia
Neighborhood
Temple University
Area
19121 (19121)
School District
Philadelphia City
Interior Details
- Bedrooms: 0
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2784
- Below Ground Sq Ft: 0
- Basement: Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: Grandfathered 4-unit rooming house. Buyer responsible for confirming all future use and development plans.
- Roof:
- Others:
- Sewer: Public Septic
- Parking Features: On Street
Financial Details
- Tax Amount: $3,969
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
1842 N 16th St Philadelphia, PA 19121
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