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sales rep | Brivity IDX

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1848 N 16th St , Philadelphia, PA 19121
$899,900
Est. Payment: $4,861.42/mo
1 Bed
8 Bath
4297 Sqft
0.04 Acres
Status: active | Days on site: 64
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61039 - 3359104
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House Description

INVESTOR ALERT — 24 HOURS NOTICE REQUIRED. Three-unit building, 2020 construction, 14 bedrooms and 8 bathrooms across 4,297 sq ft. Tax abatement in place through 2030: real estate taxes currently run approximately $1,219 per year against roughly $12,699 at full assessment — a difference of about $11,480 annually, or $45,920 over the remaining term. Purchasers should underwrite the step-up on expiry. Unit 1 — 6 bed / 3 bath, currently vacant, four bedrooms on the below-grade ground floor Unit 2 — 2 bed / 2 bath, $1,450/month Unit 3 — 6 bed / 3 bath, $4,650/month Units 2 and 3 are leased at market for the 26/27 season, together producing $73,200 annually. Unit 3 was repositioned from four tenants at $2,750 to six at $4,650 — a 69% increase, already executed. Common roof deck and rear patio. The asking price is set against income in place today rather than on a stabilised basis, so a purchaser acquires the lease-up on Unit 1 rather than paying for it. Walking distance to Temple University Main Campus and the Broad Street Line. Offering memorandum with full rent roll and operating statement available on request. All figures subject to independent verification.

Highlights

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

Property Type

Multi-Family

Lot/Acreage
0.04

Year Built

2019

County

Philadelphia

Area

19121 (19121)

Neighborhood

Temple University

School District

Philadelphia City

Listing ID

PAPH2668006

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:1
  • ▪ Bathrooms:8
  • ▪ Full Bathrooms:8
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:4297
Basement:Fully Finished
Water:Public

Exterior Features

Lot:Horse Property: No
Lot Dimensions:16.00 x 98.00
Zoning:RM1
Roof:Flat
Others:
  • ▪ Additional:Excellent
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$4,861
Taxes
$212

Home Price

$899,900

Loan Details

30 yrs
7.148%

Down Payment

20%
$179,980
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:
$4,861.42

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,861.42 $211.58 $0.00 $5,073.00
Yearly $58,336.99 $2,539.00 $0.00 $60,875.99
Total $1,750,109.60 $76,170.00 $0.00 $1,826,279.60
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