- – beds
- – baths
- 2,940 sqft
- $233 per sqft
- 2017 build
Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 6.3% cap rate. Welcome to 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, 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: $687,500 Rental: $1,400 per unit (3 units), ** 3537 N. 16th St. List Price: $687,500 Rental: $1,400 per unit (3 units)
Last checked:
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Last updated Jun 20, 2025
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MLS# PAPH2463414 —
The Building
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Year Built:2017
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Year Built Source:Estimated
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New Construction:Yes
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Construction Materials:Masonry
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Construction Completed:Yes
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Building Units Total:3
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Structure Type:Detached
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Historic:No
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Architectural Style:Straight Thru
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Accessibility Features:None
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Foundation Details:Other
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Basement:Yes
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Basement Type:Other
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Building Winterized:No
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Estimated
Interior
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:2940
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Living Area SqFt:2,940 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, FHA, Conventional
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Possession:31-60 Days CD
Location
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Directions:Take N 3rd St and Callowhill St to N Broad St., turn right onto N Broad St., and drive to N 16th St.
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Latitude:40.00760000
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Longitude:-75.15458000
The Property
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Property Type:Multi-Family
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Property Subtype:Triplex
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Property Condition:Excellent
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Lot Size Dimensions:16.00 x 118.00
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Lot Dimensions Source:Estimated
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Zoning:RSA5
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:W50
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (609) 226-9287
- Office phone:
- (215) 627-3500
Taxes
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Tax ID Number:112199920
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Tax Year:2024
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Tax Lot:206
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Tax Annual Amount:$11,355.41
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Tax Assessed Value:$134,000
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Year Assessed:2025
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School Tax:403.0
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City/Town Tax:1000.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Natural Gas
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Heating:Yes
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Heating Type:Central
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
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Municipal Trash:No
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Cap Rate:6.30
Parking
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Garage:No
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Type of Parking:None
Extra Units
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Vacation Rental:No
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Two Bedroom Units:3
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/19/25
Jun 19, 2025
|
Listed / Active | BRIGHT | $687,500 |