2233 N 16TH Street, Philadelphia, PA 19132
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- May 1, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 17 at 4:06 am
Property Features for 2233 N 16TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Appliances
- Refrigerator, Stove, Microwave, Washer, Dryer
- Standard status
- Active
- Size
- 1,964 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1026
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Ductless
Building Details
- Year built
- 1915
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Nestor F Colon License #RM422846 (215) 200-1089
Listing office Eliakim Realty Inc 417 Cheltenham Avenue unit: 2, Elkins Park, PA (267) 626-2398
Listing date May 1, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully renovated legal duplex in a rapidly developing area
- Turnkey asset with new electrical, plumbing, and energy‑efficient mini‑split systems
- Each unit features modern finishes including shaker cabinetry and quartz countertops
- Unit 1: Spacious bi‑level 3‑bedroom, 3‑bathroom layout with basement access, rear yard access, and dedicated laundry
- Unit 2: 3‑bedroom, 3‑bathroom unit spanning two floors with in‑unit laundry
- Flexible investment opportunity for cash flow, portfolio expansion, or owner‑occupancy
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.7k | $25.80 |
| − Vacancy | −$2.8k | −$1.42 |
| EGI | $47.9k | $24.38 |
| − OpEx | −$14.4k | −$7.31 |
| NOI | $33.5k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1591034
- Latitude
- 39.9874573
