$ 439,900
-
$439,900
Price -
0
Bed -
0
Bath -
2,784
SqFt
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About the Listing 61039 - 3359104
Investor Alert! Go and show — Exceptional opportunity to acquire an 8-bedroom, 2-bath student housing property in one of Temple University's most established off-campus rental markets, currently vacant and immediately available, giving the next owner a clean slate to lease at current market rents or move forward with redevelopment plans without waiting on an existing lease term. The property has historically generated $52,800 in annual gross rental income, reflecting strong, proven demand in this corridor. With no tenant in place, an investor has full flexibility to re-lease at today's market rates, renovate, or pursue the property's value-add zoning potential right away. Located just steps from Temple University's main campus and within the Temple University Patrol Zone, the property benefits from one of Philadelphia's strongest student housing corridors, known for consistent tenant demand and long-term rental stability. A standout feature of this investment is its RM-1 zoning, allowing up to six units by right (subject to buyer due diligence), creating significant long-term value-add potential for future redevelopment or reconfiguration — an opportunity made easier by the property's current vacant status. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665178, PAPH2665182, PAPH2665180, PAPH2665184, PAPH2665188, PAPH2665192, PAPH2665196, PAPH2665198 and PAPH2665206
Listing Highlights
Status
Active
Days on Site
1
Property Type
Commercial Sale
MLS ®
PAPH2665180
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: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: RM1
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $5,144
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
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Questions About..
1846 N 16th St Philadelphia, PA 19121
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