Eight-Bedroom Apartment
New
For Sale
$439,900
1846 N 16TH STREET, Philadelphia, PA 19121
Student housing near Temple University’s main campus with RM-1 zoning and a lease expiring July 2026.
Property Size2,784 SF
Days on Market2
Property Features for 1846 N 16TH STREET
General Information
Standard status
Active
Size
2,784 SF
Property subtype
Five Or More Units
Zoning
RM-1
Net Operating Income
$39,600
Financials
Cap Rate
9%
Gross Income
$52,800
Taxes and HOA fees
Annual Taxes
$6,245
Building Details
Building Size
2,784 SF
Year Built
1915
Listing Agency:
Keller Williams Realty Devon-Wayne
(267) 614-3971
Listed By:
Danielle Redenbaugh · License #RS371661
(267) 614-3971
Source:
Patmckennarealtors
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 6:44AM
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.
Located at 1846 N 16TH STREET in Philadelphia, this apartment property contains 8 bedrooms and 2 bathrooms and was built in 1915. Its existing configuration serves student housing demand near Temple University’s main campus, with the property also situated within the Temple University Patrol Zone. The current lease expires in July 2026.
The property carries RM-1 zoning, which the source information identifies as permitting up to six units by right, subject to buyer due diligence. The offering reflects a 9% cap rate. Showings require 24-hour notice. The property is available individually and is also included in a larger package of separately identified properties.
The property carries RM-1 zoning, which the source information identifies as permitting up to six units by right, subject to buyer due diligence. The offering reflects a 9% cap rate. Showings require 24-hour notice. The property is available individually and is also included in a larger package of separately identified properties.
Key Highlights
- 8‑bedroom, 2‑bath apartment property
- Student housing near Temple University's main campus
- RM‑1 zoning allows up to six units by right, subject to buyer due diligence
Property Analytics
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Student housing near Temple University’s main campus with RM-1 zoning and a lease expiring July 2026.
Where is this apartment building located?
The property is located at 1846 N 16TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 8‑bedroom, 2‑bath apartment property; Student housing near Temple University's main campus; RM‑1 zoning allows up to six units by right, subject to buyer due diligence
