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Two-Bedroom Residential Income Property
New
For Sale
$1,475,000

262 S 16TH STREET Unit 4, Philadelphia, PA 19102

Entire-floor condominium residence with private elevator access, flexible office space, and custom entertaining and living areas.

Property Size2,000 SF
Price / SF$737.50
Days on Market4

Property Features for 262 S 16TH STREET Unit 4

General Information

Standard status Active
Size 2,000 SF
Elevators Yes
Property subtype Unit/Flat/Apartment

Units

Unit Mix 1 x 2BR/2BA + den
Multifamily Units 1

Additional Details

HOA Fee $794

Taxes and HOA fees

Annual Taxes $2,932

Amenities

rooftop terrace
cold storage

Building Details

Building Size 2,000 SF
Year Built 2020
Listing Agency: Compass Pennsylvania, LLC
Listed By: Alon Seltzer · License #RS326276
Source: Patmckennarealtors
Added: Sep 11 Changed: Sep 13 Last Checked: Sep 14 at 8:44AM

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 Compass Pennsylvania, LLC

Investment Insights

Based on property information with market context.

Residence 4 occupies an entire floor within a seven-residence boutique condominium and provides approximately 2,000 square feet of single-level space. The layout includes two bedrooms, two full bathrooms, a separate den or home office, dedicated laundry, hardwood floors, custom closets, and a private 9' x 7' lower-level storage room. Direct elevator entry opens to a gallery with an atrium green wall, while six east-facing floor-to-ceiling windows bring natural light into the living and dining areas. The kitchen features custom cabinetry, pantry storage, a statement island, French door oven, and externally vented hood. The primary suite includes a Juliet balcony, custom walk-in closet, dual vanities, glass-enclosed shower, and private water closet.

Built in 2020, the property offers private elevator access, a common-area rooftop terrace, and cold storage. The den can serve as an office or convert to a third bedroom. The residence is located near Rittenhouse Square, restaurants, cafes, and boutiques, with a dedicated parking credit offered for one year of prepaid parking at the Latimer Street garage at settlement.

Key Highlights

  • Approximately 2,000 square feet of single‑level, entire‑floor living
  • Two bedrooms, two full bathrooms, and a den convertible to a third bedroom
  • Direct private elevator entry within a seven‑residence boutique condominium

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Tanning Salon (Bike/Boat/Book/etc) Store Clothing & Fashion Store Veterinary Clinic Pet Grooming Service Home Appliance Store

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

1
Residential units

Location Intelligence

Trade Area within ½ mile

21,096
Businesses Nearby

Demographics for 19102, PA

7,568
Population
4,606
Households
1.6
Avg Household Size
32
Median Age
87%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
37,840
Density / Sq Mi
$114,844
Median Household Income
$79,552
Median Earnings
$2,249
Median Rent
$412,200
Median Home Value
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Frequently Asked Questions

What type of property is this?
Residential income property - Entire-floor condominium residence with private elevator access, flexible office space, and custom entertaining and living areas.
Where is this residential income property located?
The property is located at 262 S 16TH STREET Unit 4 Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Approximately 2,000 square feet of single‑level, entire‑floor living; Two bedrooms, two full bathrooms, and a den convertible to a third bedroom; Direct private elevator entry within a seven‑residence boutique condominium
More about this property
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