802 N 16TH Street, Philadelphia, PA 19130
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- May 21, 2026
- Days on Market:
- 38
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 802 N 16TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,637 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9416
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Seth C Brodsky License #RS314858 (215) 376-4444
Listing office Realty Mark Associates 2250 Terwood Drive, Southampton, PA (215) 376-4444
Listing date May 21, 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
- Prime Fairmount Location: Walkable to attractions, restaurants, and transportation.
- Turnkey Investment: Three units, all with modern finishes and ready to rent.
- Unit 1 with Private Backyard: Rare and desirable outdoor space in the city.
- Breathtaking Skyline Views: Unit 3 features 260‑degree views of Philadelphia.
- Individual Unit Amenities: Each unit includes hardwood floors, granite countertops, stainless steel appliances, and in‑unit washer/dryer.
- Updated Systems: Central air, sprinkler system, and a 10‑year roof warranty (expires 2034).
Overview
Located in Fairmount, the property places residents within walkable reach of the Philadelphia Museum of Art, Fairmount Park, and Whole Foods. The remarks also describe easy commuter access to Center City, supporting day-to-day convenience for tenants and owner-occupants.
The configuration supports straightforward operation with three separately metered units and in-unit laundry for tenant convenience. With each unit finished to the same standard and equipped with central air, it may appeal to buyers seeking a well-presented, low-friction triplex setup where each apartment functions as a self-contained home.
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 | $68.0k | $25.80 |
| − Vacancy | −$3.7k | −$1.42 |
| EGI | $64.3k | $24.38 |
| − OpEx | −$19.3k | −$7.31 |
| NOI | $45.0k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.16368
- Latitude
- 39.96846
