1706 N 16th St Philadelphia, PA 19121

Listing agency Keller Williams Realty Devon-Wayne m***@gmail.com Show Phone

Listed by Michael Coleman Show Phone

Source Exprealty

Added: Jun 22 Updated: Jul 21 at 5:08AM Checked: Jul 22 at 11:17AM

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Investment Insights

Based on property information with market context.

This is a fully occupied, income-producing 5-plex configured for student housing, with a total of eight bedrooms and eight bathrooms. The property includes a 4-bed/4-bath unit plus additional smaller unit types, including 1-bed/1-bath units and studio/1-bath units. Rents are listed for each unit, with changes scheduled starting August 1, and the offering notes current gross rental income and future gross rental income beginning August 2026.

The asset is available for sale and is being marketed both individually and as part of a package that includes multiple properties identified by separate MLS numbers listed in the remarks. Investor alert: a 24-hour notice is required for all showings.

Unit configuration by bedroom and bathroom count is provided for all five units, supporting straightforward underwriting for a student housing buyer focused on stable occupancy through the stated lease period.

Key Highlights

• Fully occupied 5‑plex with all units leased through July 2027.
• 5 student housing units totaling 8 bedrooms and 8 bathrooms.
• Currently generating $66,660 in annual gross rental income (starting August 2026: $68,400).

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FAQs

What type of property is this?

Apartment building - Fully leased 5-plex with eight bedrooms and eight bathrooms across student housing unit mix.

Where is this apartment building located?

The property is located at 1706 N 16th St Philadelphia, PA.

What is the asking price?

The asking price for this property is $699,900.

What are key features of this property?

This property features: Fully occupied 5‑plex with all units leased through July 2027.; 5 student housing units totaling 8 bedrooms and 8 bathrooms.; Currently generating $66,660 in annual gross rental income (starting August 2026: $68,400).