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1511 N 16th Street

Philadelphia, PA 19121

– beds
– baths
4,698 sqft
4,148 sqft lot
$159 per sqft
1915 build

Welcome to this exceptional investment opportunity located in the vibrant Temple University area. This property consist of TWO BUILDINGS, a quadplex and a bonus building the back! The quadplex, located on 16th street has 4 units total. Three of the units are completely turnkey and consist of 4 bedrooms, 2 bathrooms, washer/dryer and central air in each unit. They are located on the 1st, 2nd and 3rd floors. The 4th unit is on the lower level and requires full renovation. The 2nd and 3rd floor units are currently rented out. The BONUS building in the back, located on Sydenham street, can be transformed into a 4 unit building. Blueprints are already completed for the 4 unit, offering a clear vision for the potential of this space. Additional possibilities are an ADU or a spacious garage. There is a lot of potential for these properties and the existing tenants will continue to provide cash flow while implementing your value-add. Whether you are looking for a turnkey investment opportunity or a property with customization potential, this property offers both. Don't miss out on this chance to invest in one of Philadelphia's most dynamic neighborhoods. Schedule a showing today!

Listing courtesy of BRIGHT / Mercury Real Estate Group

Last checked: Checking… • Last updated Apr 27, 2024 •

MLS# PAPH2336776 —

The Building

Year Built:

1915
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Masonry
Structure Type:

Interior Row/Townhouse
Architectural Style:

Straight Thru
Building Units Total:

4
Accessibility Features:

None
Foundation Details:

Other
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

4698

Interior

Fireplace:

Yes
Fireplaces:

1
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

4698
Living Area SqFt:

4,698 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Immediate

Location

Directions:

On 16th street between oxford street and jefferson street
Cross Street:

JEFFERSON
Latitude:

39.97670364
Longitude:

-75.16126251

The Property

Property Type:

Multi-Family
Property Sub Type:

Quadruplex
Lot Size Units:

Square Feet
Lot Size Acres:

0.10
Lot Size Source:

Assessor
Lot Size Dimensions:

24.00 x 173.00
Lot Dimensions Source:

Assessor
Lot SqFt:

4,148 Sqft
Zoning:

RM1
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

U50
Ground Rent Exists:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

471216100
Tax Year:

2022
Tax Lot:

66
Tax Annual Amount:

$8,058
Tax Assessed Value:

$575,707
Year Assessed:

2023
School Tax:

4422.0
City/Town Tax:

3636.00
Total Taxes Pymnt Freq:

Annually

The Listing

Buyer's Brokerage Compensation:

2.5%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent
Remarks - Buyer Agency Compensation:

Compensation is 2.5% of net purchase.

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Hot Water
Heating Fuel:

Electric

Utilities

Utilities:

Electric Available, Sewer Available, Water Available
Sewer Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Appliances

Appliances:

Built-In Microwave, Dishwasher, Dryer, Stove, Washer, Refrigerator

Schools

School District Name:

Philadelphia City
School District Source:

Listing Agent

The Community

Pool:

No Pool

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Vacation Rental:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
4/26/24 Apr 26, 2024	Price Changed	BRIGHT	$749,999	-6.1%
4/15/24 Apr 15, 2024	Price Changed	BRIGHT	$799,000	-8.7%
3/28/24 Mar 28, 2024	Listed / Active	BRIGHT	$875,000

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This multifamily located in Lower North, Philadelphia, PA 19121 is currently for sale for $749,999. 1511 N 16th Street is a 4,698 square foot multifamily with – beds and – baths. 1511 N 16th Street is in the Lower North neighborhood of Philadelphia and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of Gen. George G. Meade School and Benjamin Franklin High School.

Listing Courtesy of: BRIGHT and Mercury Real Estate Group.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.