Three-Story
New
For Sale
$575,000
1828 N 16TH STREET, Philadelphia, PA 19121
Central air conditioning serves a 2013 property with a substantial bedroom and bathroom count.
Property Size3,346 SF
Price / SF$171.85
Days on Market5
Property Features for 1828 N 16TH STREET
General Information
Standard status
Active
Size
3,346 SF
Property subtype
Triplex
Site & Location
Neighborhood
North Philadelphia
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,551
Amenities
central air conditioning
Building Details
Building Size
3,346 SF
Year Built
2013
Buildings
1
Stories
3
Listing Agency:
TCS Management, LLC
Listed By:
Alex C Prince · License #RS322309
(215) 431-5652
Source:
Patmckennarealtors
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 4:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TCS Management, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Philadelphia triplex spans three stories and approximately 3,346 square feet, with 11 bedrooms and 7 bathrooms. Built in 2013, it includes central air conditioning.
The property is near Temple University’s main campus, with public transportation, shopping, dining, and neighborhood amenities in the surrounding area. Broad Street and transit connections provide access to Center City Philadelphia.
The property is near Temple University’s main campus, with public transportation, shopping, dining, and neighborhood amenities in the surrounding area. Broad Street and transit connections provide access to Center City Philadelphia.
Key Highlights
- Three‑story triplex with approximately 3,346 square feet
- 11 bedrooms and 7 bathrooms
- Built in 2013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,631
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,052,620
$1.1M
Cap Rate 7%
$751,871
$751.9K
Cap Rate 9%
$584,789
$584.8K
Market Conditions
NOI Build-Up for 3,346 SF
Gross rent
$101.6K $30.36/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$95.7K $28.60/SF
− OpEx
−$43.1K −$12.87/SF
NOI
$52.6K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,052,620
Cap Rate 7%
$751,871
Cap Rate 9%
$584,789
Alternative Uses
Best Use
Multifamily LT 5
$815.7K
$713.7K – $951.7K
NOI $57,099 @ 7.0% cap · market cap 9.93%
Second Best
Apartment 5plus
$751.9K
$657.9K – $877.2K
NOI $52,631 @ 7.0% cap · market cap 9.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,008
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Central air conditioning serves a 2013 property with a substantial bedroom and bathroom count.
Where is this triplex located?
The property is located at 1828 N 16TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three‑story triplex with approximately 3,346 square feet; 11 bedrooms and 7 bathrooms; Built in 2013
