Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Philadelphia (North)
MLS Listing ID PAPH2600710
Year Built 2017
Available Date 2026-04-01
Annual Tax Amount $1,875
Tax Year 2025
Lot Dimensions 16.00 x 118.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Investment special for 6 units with the purchase of both buildings, and with a benefit of a 7% cap rate. Welcome to 3535-3537 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.
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, the Uptown Theater, and the 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: $652,500
Rental: $1,400 per unit (3 units),
*3537 N. 16th St.
List Price: $652,500
Rental: $1,400 per unit (3 units)
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 112199910
Ownership Other
Acceptable Financing Cash, FHA, Conventional
Listing Terms Cash, FHA, Conventional
Financing Cash,FHA,Conventional
Special Listing Condition Standard
Nearby Locations
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