Triplex with Individual
For Sale
$399,900
2009 N 16TH STREET, Philadelphia, PA 19121
Three-unit property near Temple University with central air, natural gas heating, and private laundry in every unit.
Property Size2,151 SF
Price / SF$185.91
Days on Market53
Property Features for 2009 N 16TH STREET
General Information
Standard status
Active
Size
2,151 SF
Property subtype
Triplex
Building Details
Year Built
1915
Listing Agency:
TCS Management, LLC
(215) 383-1439
Listed By:
Alex C Prince · License #RS322309
(215) 431-5652
Source:
Cummingsrealtors
Added: Aug 31
Changed: Oct 21
Last Checked: Oct 20 at 10:59PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1915, this three-unit property is located in North Central Philadelphia near Temple University. Each residence has central air conditioning, forced-air natural gas heat, and its own washer and dryer, providing consistent mechanical systems and private laundry access throughout the building.
The property includes a full unfinished basement that can support storage and utility needs. There is no dedicated parking on the property. Its proximity to Temple University places the building within the surrounding campus-area neighborhood and supports its existing multifamily configuration.
The property includes a full unfinished basement that can support storage and utility needs. There is no dedicated parking on the property. Its proximity to Temple University places the building within the surrounding campus-area neighborhood and supports its existing multifamily configuration.
Key Highlights
- Three‑unit property built in 1915
- Near Temple University in North Central Philadelphia
- Central air conditioning in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,707
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,140
$734.1K
Cap Rate 7%
$524,386
$524.4K
Cap Rate 9%
$407,856
$407.9K
Market Conditions
NOI Build-Up for 2,151 SF
Gross rent
$55.5K $25.80/SF
− Vacancy
−$3.1K −$1.42/SF
EGI
$52.4K $24.38/SF
− OpEx
−$15.7K −$7.31/SF
NOI
$36.7K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,140
Cap Rate 7%
$524,386
Cap Rate 9%
$407,856
Alternative Uses
Best Use
Multifamily LT 5
$524.4K
$458.8K – $611.8K
NOI $36,707 @ 7.0% cap · market cap 9.18%
Second Best
Apartment 5plus
$483.3K
$422.9K – $563.9K
NOI $33,834 @ 7.0% cap · market cap 8.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,067
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property near Temple University with central air, natural gas heating, and private laundry in every unit.
Where is this triplex located?
The property is located at 2009 N 16TH STREET 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: Three‑unit property built in 1915; Near Temple University in North Central Philadelphia; Central air conditioning in each unit
