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    313 S 16Th St Philadelphia, PA 19102

    Sponsored
    For Sale
    $1,300,000

    MULTI_FAMILY - PHILADELPHIA, PA

    Property size:
    3,423 SF
    Lot size:
    0.03 Acres
    Days on Market:
    20
    Last Refresh:
    Jan 6 at 2:06 pm

    Property Features for 313 S 16Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    On Street
    Size
    3,423 SF
    Lot size
    0.03 Acres

    Utilities

    Heating system
    Electric (Heating), Hot Water(Heating), Baseboard
    Cooling system
    Window Unit(s), Central Air

    Building Details

    Year built
    1920
    Number of units
    1
    Building materials
    Masonry

    Re/Max Eastern, Inc. (215) 953-8800 [email protected]

    Listing agent Robert J Wolf (215) 694-9728 License #AB065938

    Listing date Dec 18, 2025

    MLS# PAPH2566526 Listing URL

    Copyright © 2025 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.

    Overview

    Rittenhouse Square Multifamily Redevelopment Opportunity

    Located steps from Rittenhouse Square, Center City, and the Broad Street Line, the property at 313 S. 16th Street offers a rare opportunity to create up to three residential units. The property is zoned RM1 and is currently configured as a professional office under an existing variance. The building features expansive floor plates across multiple levels, multiple bathrooms, and strong natural separation between floors. The layout lends itself well to a three-unit conversion. Additional highlights include a secure vestibule entry, ample storage, and an upper-level roof deck area. The property has active fire alarm certification and a prior ADA accessibility study with conceptual architectural renderings illustrating a compliant front-entry ramp and exterior access improvements that show how the building facade could be thoughtfully adapted for accessibility. The property contains 3,423 square feet and sits on a lot of 0.03 acres. This property presents a compelling value-add or redevelopment opportunity for investors seeking a prime multifamily asset. It is located in a true Walker's Paradise.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Yeva Ventura, LPC Psychotherapist Josh Zlatkus Counselor Nisenfeld Steven S Social Worker Lisa Correale Social Worker Carole Nehez Social Worker

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.16794586
    Latitude
    39.94691849

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    FAQs

    What type of property is this?
    Apartment building - RM1-zoned property near Rittenhouse Square, ideal for multifamily conversion.
    Where is this apartment building located?
    The property is located at 313 S 16Th St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Rare RM1 zoning allows for by-right creation of up to three residential units.; - Prime location steps from Rittenhouse Square, Center City, and the Broad Street Line.; - Expansive floor plates and strong natural separation between floors ideal for a three-unit conversion.
    (215) 694-9728
    Request Owner's contact information
    313 S 16Th St Philadelphia, PA 19102
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    Philadelphia, PA 19102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    313 S 16Th St Philadelphia, PA 19102
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