1854 N 16TH Street, Philadelphia, PA 19121
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Jun 28, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 28 at 5:06 pm
Property Features for 1854 N 16TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 3,357 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8362
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1915
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Danielle Redenbaugh License #RS371661 (267) 614-3971
Listing office Keller Williams Realty Devon-Wayne 744 W Lancaster Avenue unit: 125, Wayne, PA (610) 647-8300
Listing date Jun 28, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Four‑unit student housing building built in 1915 with masonry construction
- Total layout: 11 bedrooms and 7 bathrooms across four full floors (Unit 1–4)
- Unit mix: 2 bed/1 bath (Unit 1) plus three 3 bed/2 bath units (Units 2–4)
- Fully occupied and fully leased through July 2027, with 24‑hour notice required for showings
- Annual gross rental income is $71,700, increasing to $78,900 beginning August 2026
- Heating: forced air; cooling: central air; parking: on‑street
Overview
The building is located in a Temple University Patrol Zone and is described as being just steps from Temple University’s main campus. The listing states the property is fully occupied and fully leased through July 2027, with in-place leases that extend into the future.
From an investor and operator standpoint, the property is presented as already stabilized, with scheduled lease timing through July 2027 and documented annual gross rental income figures. The listing also notes that annual gross rental income is expected to increase beginning August 2026 under existing lease terms. For buyers looking for a four-unit student housing configuration with multiple bedroom counts across dedicated floors, this asset is positioned for straightforward unit-by-unit leasing continuity through the stated lease period.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.6k | $25.80 |
| − Vacancy | −$4.8k | −$1.42 |
| EGI | $81.8k | $24.38 |
| − OpEx | −$24.6k | −$7.31 |
| NOI | $57.3k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1607819
- Latitude
- 39.9819756
