$ 600,000
-
$600,000
Price -
6
Bed -
0
Bath -
2,940
SqFt
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About the Listing KWEMPWR - 3283880
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: $1,400-$1,450 per unit (3 units) *3537 N. 16th St. List Price: $600,000 Rental: $1,400-$1,450 per unit (3 units)
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2940
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 16.00 x 118.00
- Zoning: FOR A MULTI-FAMILY HOUSEHOLD LIVING (THREE (3) DWELLING UNITS)
- Roof:
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $1,875
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
3535 N 16th St Philadelphia, PA 19140
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