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    5651 N 16Th St Philadelphia, PA 19141

    For Sale
    $229,900

    MULTI_FAMILY - Colonial - PHILADELPHIA, PA

    Property size:
    2,000 SF
    Lot size:
    0.10 Acres
    Days on Market:
    68
    Last Refresh:
    Dec 10 at 11:06 am

    Property Features for 5651 N 16Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    On Street
    Size
    2,000 SF
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Hot Water(Heating)
    Cooling system
    Ceiling Fan(s), Window Unit(s)

    Building Details

    Year built
    1925
    Number of units
    2
    Building materials
    Masonry
    Architectural style
    Colonial

    Market Force Realty (267) 307-0515 [email protected]

    Listing agent Vardgas Oganisean (215) 966-7772 License #RS348567

    Listing date Oct 4, 2025

    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

    Turnkey Duplex with Section 8 Tenants

    This fully occupied legal multifamily duplex in Philadelphia, PA, features two income-producing units with guaranteed Section 8 rental payments, offering immediate and stable returns. The property has a total gross monthly income of $2,300. Half of the basement presents an opportunity to add a third unit, a studio apartment, to maximize ROI. The building is well-maintained and Section 8 approved, ensuring reliable, on-time payments. Each unit has separate entrances. The first-floor unit features 2 bedrooms, 1 bathroom, a spacious living area, and an eat-in kitchen with a stable tenant in place. The second-floor unit (spanning the 3rd floor as well) includes 4 bedrooms and 1 bathroom, ideal for larger families, with a bright, open layout and solid rental history. The property size is 2000 square feet and the lot size is 0.1 acres. There is a lot of parking space around the property. This property is perfect for both seasoned and first-time investors seeking reliable cash flow with value-add potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.147995
    Latitude
    40.04027939

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    FAQs

    What type of property is this?
    Duplex - Fully occupied duplex with Section 8 tenants and basement studio potential.
    Where is this duplex located?
    The property is located at 5651 N 16Th St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: - Fully occupied duplex with Section 8 tenants providing $2,300 gross monthly income and reliable, on-time payments.; - Basement offers potential to add a third studio apartment unit for increased ROI.; - Two income-producing units: a 2-bedroom unit and a 4-bedroom unit, both with stable rental history.
    (215) 966-7772
    Request Owner's contact information
    5651 N 16Th St Philadelphia, PA 19141
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    Philadelphia, PA 19141
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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
    5651 N 16Th St Philadelphia, PA 19141
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