Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    2

  • 1/2 Bathrooms

    1

  • Above Grade Finished Area

    2784.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.04

  • Lot Size(square feet)

    1,742

  • Property Type

    Residential

  • Property Sub Type

    Townhouse

  • Architectural Style

    Traditional

Price

  • Sales Price

    $499,900

  • Tax Amount

    $4,186

  • Zoning

    Grandfathered 4-unit rooming house. Buyer responsible for confirming all future use and development plans.

  • Sq. Footage

    2,784

  • Price/SqFt

    $179

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Block

  • Senior Community YN

    NO

  • Sewer

    Septic Tank

  • Tax Lot

    296

  • Water Source

    Public

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Listing Courtesy of Danielle Redenbaugh, BHHS Fox & Roach-Center City Walnut

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Theresa Kehler

Call Theresa today to schedule a private showing.


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Investor Alert! 24-hour notice required for all showings. Currently operating as a 7-bedroom, 2.5-bath student rental, the property generates $4,900 per month ($58,800 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one.

With an NOI of $45,087.41, this property is offered at nearly a 10% cap rate — an exceptional return profile for a fully leased, stabilized asset in this market.

This property is a legal four-unit rooming house with grandfathered zoning rights, making it a 4-unit building by right. This designation creates significant future value-add potential for the next owner, subject to buyer due diligence.

The property benefits from its premier location just steps from Temple University's main campus, positioned in the heart of the university's most desirable off-campus housing district and within the campus patrol zone. The property also features a private roof deck, one of the most sought-after amenities in the Temple University rental market. Roof decks continue to command strong tenant interest and help differentiate properties from competing inventory, supporting long-term rentability and occupancy.

This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665178, PAPH2665182, PAPH2665180, PAPH2665184, PAPH2665188, PAPH2665192, PAPH2665196, PAPH2665198 and PAPH2665206

1842 N 16TH STREET

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