1850 N 16th St, Philadelphia, PA 19121

$374,999
: 8
BD
: 3
BA
: 2,784
SqFt

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List Price: $374,999
Days on Market: 20
Status: ACTIVE
MLS#: PAPH2665188
Bedrooms: 8
Bathrooms: 3
Full Baths: 3
Living Area: 2,784
Lot Size (Acres): 0.04
Style: Contemporary
Year Built: 1915
County: Philadelphia
School District: Philadelphia City

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Property Description

Investor Alert! 24-hour notice required for all showings. Exceptional opportunity to acquire an 8-bedroom, 3-bath student housing property in one of Temple University's most established off-campus rental markets. House is currently rented until July 2027, generating $43,200 in annual gross rental income. Located just steps from Temple University's main campus and within the Temple University Patrol Zone, the property benefits from one of Philadelphia's strongest student housing corridors, known for consistent tenant demand and long-term rental stability. This house boasts a private roof deck, a large incentive for renters. A standout feature of this investment is its RM-1 zoning, allowing up to four units by right (subject to buyer due diligence), creating significant long-term value-add potential through future redevelopment or reconfiguration. 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

(302) 236-6232

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Additional Information

Area: 19121 (19121)
Subdivision: Temple University
Taxes: $5144
School District: Philadelphia City
Heating: Central
Heating Fuel: Natural Gas
Cooling: Central A/C
Water: Public
Sewer: Other
Basement: Yes