New construction

3537 N 16TH St, Philadelphia, PA 19140

Sqft
2,940

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKW Empower
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Overview

This triplex comes with 9 years left of the full tax abatements; the abatement was never applied when the building was originally bought. The taxes are $1,875 a year and the abatement will run for ten years. The seller’s expediter worked with the city to apply the abatement last year which will run for the next nine years.

Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 7% 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: $625,000
Rental: $1,400 per unit (3 units),

** 3537 N. 16th St.
List Price: $625,000
Rental: $1,400 per unit (3 units)

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
2,940
Lot size (acres)
0.04
Year built
2017

Interior features

Basement
Yes

Exterior features

New construction
Yes

Utilities

Heating
Electric
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2024)
$11,355.41

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: PAPH2595798 Last checked:

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