Five Or More Units

3535-3537 N 16Th Street, PHILADELPHIA, PA, 19140-5062

For Sale

$1,175,000

Listed By: Martin Rodriguez, [email protected], 6092269287
Listing Brokerage: KW Empower
Source: Bright MLS

Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 7.6% cap rate. Welcome to 3535 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. This triplex comes with 1 year left of the full tax abatement. 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: $600,000 Rental: $1,250-$1,450 per unit (3 units) *3537 N. 16th St. List Price: $600,000 Rental: $1,400-$1,450 per unit (3 units)

MLS® ID PAPH2600710

UPDATED: 10/02/2026 17:39

Details

Location Details

Formatted Street Address 3535-3537 N 16Th Street
Subdivision PHILADELPHIA (NORTH)
County PHILADELPHIA-PA
Area 19140 (19140)
Country US

Property Details

Property Condition Excellent
Assessment Year 2025

Building Details

Year Built 2017
Approx Age 9
Construction Masonry
Garage Spaces 0
Private Entrance No
Heating Central
Water Supply Types Public
Pet Friendly No

Fee Details

Taxes 1875
Taxes Year 2025

Land Details

Acreage No
Total Size 16.00 x 118.00
Irregular No
Pool Yes
Private Pool No
Waterfront false
Shoreline No
Sewers Public Sewer

Other

Status Available

Location

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc. Data last updated: 10/13/2026.