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Leased Apartment Building
For Sale
$399,900
Pending

1844 N 16TH ST, Philadelphia, PA 19121

Currently leased through July 2027, with a six-bedroom layout and 2.5 baths.

Property Size2,784 SF
Days on Market49

Property Features for 1844 N 16TH ST

General Information

Standard status Pending
Size 2,784 SF
Property subtype Multi-family
Occupancy 100%

Additional Details

Gross Income $50,400
Multifamily Units 6

Building Details

Buildings 1
Listing Agency: Keller Williams Realty Devon-Wayne
Listed By: Michael Coleman
Source: Careyrealtygroup
Added: Jul 18 Changed: Aug 31 Last Checked: Aug 30 at 5:44PM

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 Keller Williams Realty Devon-Wayne

Investment Insights

Based on property information with market context.

This 2,784-square-foot apartment building is currently configured as a six-bedroom, 2.5-bath rental property. The asset is fully leased through July 2027, and showings require 24-hour advance notice. The source information also identifies the property as a legal six-unit rooming house with grandfathered zoning rights and six-unit use by right; buyers should confirm these details through their own due diligence.

The property is located at 1844 N 16th St in Philadelphia, within the off-campus housing district serving Temple University. It is described as being steps from Temple University's main campus and within the campus patrol zone. The property is marketed individually and as part of a larger package with additional properties.

Key Highlights

  • 2,784‑square‑foot apartment building
  • Six‑bedroom, 2.5‑bath rental configuration
  • Fully leased through July 2027

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Accounting Firm Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,008
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Currently leased through July 2027, with a six-bedroom layout and 2.5 baths.
Where is this apartment building located?
The property is located at 1844 N 16TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,784‑square‑foot apartment building; Six‑bedroom, 2.5‑bath rental configuration; Fully leased through July 2027
More about this property
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