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sales rep | Brivity IDX

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1842 N 16th St , Philadelphia, PA 19121
$413,000
Est. Payment: $2,231.10/mo
7 Bed
3 Bath
2784 Sqft
0.04 Acres
Status: active | Days on site: 70
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61039 - 3359104
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House Description

Investor Alert! 24-hour notice required for all showings. Currently operating as a 7-bedroom, 2.5-bath rental, the property is leased at $4,900 per month ($58,800 gross annual income) through July 2027, providing investors with stable, predictable returns from day one. With an NOI of $45,236, this property is offered at a 10.95% cap rate — an exceptional return profile for a fully leased, stabilized asset in this market. This property 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 the campus patrol zone. The property also offers roof access with Center City skyline views and a rear patio. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665182, PAPH2665188, PAPH2665196 and PAPH2665198

Highlights

Listed by Danielle Redenbaugh , 2676143971 BHHS Fox & Roach-Center City Walnut , 2156276005. Bright MLS

Property Type

Townhome

Lot/Acreage
0.04

Year Built

1915

County

Philadelphia

Area

19121 (19121)

Neighborhood

Temple University

School District

Philadelphia City

Listing ID

PAPH2665174

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:7
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:2
  • ▪ 1/2 Bathrooms:1
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:2784
Basement:Unfinished
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:Grandfathered 4-unit rooming house. Buyer responsible for confirming all future use and development plans.
Sewer:Public Septic
Parking Features:On Street
Principal Interest
$2,231
Taxes
$349

Home Price

$413,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$82,600
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:
$2,231.10

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,231.10 $348.83 $0.00 $2,579.93
Yearly $26,773.17 $4,186.00 $0.00 $30,959.17
Total $803,195.09 $125,580.00 $0.00 $928,775.09
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: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS