About 1844 N 16th St
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
Features of 1844 N 16th St
| MLS® # | PAPH2637534 |
|---|---|
| Price | $399,900 |
| Bathrooms | 0.00 |
| Square Footage | 2,784 |
| Acres | 0.03 |
| Year Built | 1915 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active Under Contract |
Community Information
| Address | 1844 N 16th St |
|---|---|
| Area | 19121 |
| Subdivision | TEMPLE UNIVERSITY |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19121 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central A/C |
Exterior
| Exterior | Masonry |
|---|---|
| Construction | Masonry |
Additional Information
| Date Listed | June 17th, 2026 |
|---|---|
| Days on Market | 54 |
| Zoning | RM1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty Devon-Wayne |
|---|