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sales rep | Brivity IDX

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3535 N 16th St , Philadelphia, PA 19140
$587,500
Est. Payment: $3,173.78/mo
6 Bed
2940 Sqft
0.04 Acres
Status: active | Days on site: 213
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KWEMPWR - 3283880
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House Description

Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 7.6% cap rate. Welcome to 3535 N. 16th St., a high-demand rental property in the thriving North Broad Corridor, just steps from Temple University Hospital. This fully leased multifamily building features three spacious units (each with 2 beds and 2 baths), totaling six beds, with lower-level units offering full basements for added rental potential. This triplex comes with 1 year left of the full tax abatement. Built in 2017 using efficient modular construction, this energy-efficient property boasts modern interiors, high ceilings, and contemporary appliances. Dedicated management and leasing ensure hassle-free ownership, while a remaining tax abatement keeps operating expenses low. Situated in a Qualified Opportunity Zone, this investment benefits from strong rental appreciation and a waitlist of tenants fueled by 5,500+ skilled TU Hospital professionals. Conveniently located 5 minutes from the SEPTA Broad St. subway, providing direct access to Center City, and near major redevelopments, including North Philadelphia Station, Uptown Theater, and Beury Building. This high-growth investment opportunity is available immediately—a rare find in one of Philadelphia’s most exciting markets. **PACKAGE NOTES: - 2 turnkey rental properties that are giving you the chance to bundle and maximize your investment. - Each property is fully occupied by good-standing tenants. - Owner can provide rent receipts, etc. **PACKAGE DEAL: *3535 N. 16th St. List Price: $600,000 Rental: $1,250-$1,450 per unit (3 units) *3537 N. 16th St. List Price: $600,000 Rental: $1,400-$1,450 per unit (3 units)

Highlights

Listed by Martin Rodriguez , 6092269287 KW Empower , 2156273500. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.04

Year Built

2017

County

Philadelphia

Area

19140 (19140)

Neighborhood

Philadelphia (North)

School District

Philadelphia City

Listing ID

PAPH2595796

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:2940
Water:Public

Exterior Features

Lot:Horse Property: No
Lot Dimensions:16.00 x 118.00
Zoning:FOR A MULTI-FAMILY HOUSEHOLD LIVING (THREE (3) DWELLING UNITS)
Others:
  • ▪ Additional:Excellent
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$3,174
Taxes
$156

Home Price

$587,500

Loan Details

30 yrs
7.148%

Down Payment

20%
$117,500
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,173.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,173.78 $156.25 $0.00 $3,330.03
Yearly $38,085.32 $1,875.00 $0.00 $39,960.32
Total $1,142,559.61 $56,250.00 $0.00 $1,198,809.61
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T11:13:36.000Z

© 2026 Bright MLS