Multifamily Investment Near Temple
3525 North 16th Street Philadelphia, PA 19140
3525 North 16th Street, Philadelphia, PA, 19140
$300,000
Pending
For Sale
$300,000
Pending
Value-add multifamily opportunity near Temple University Hospital.
Property Size2,805 SF
Days on Market104
Property Features for 3525 North 16th Street
General Information
- Standard status
- Pending
- Size
- 2,805 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1940
Listing Agency
KW Empower
(215) 783-7779
Listed by
Steven Onesti · License #RS372317
(215) 783-7779
Source
Compass
Added: Apr 6 Checked: Jul 17 at 3:41 am
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 KW Empower
Investment Insights
Based on property information with market context.
Located just two blocks from Temple University Hospital and surrounding educational and medical facilities, 3525 North 16th Street presents an exceptional opportunity. The property is currently configured as a six-unit multifamily asset, but is non-conforming and not presently legally registered for its current use. This location benefits from consistent rental demand driven by healthcare professionals, students, and workforce housing needs. The area is experiencing continued growth and reinvestment, supported by its proximity to major institutions and transportation routes. The building is an attached twin and is currently operating as a multifamily asset with studio and one-bedroom units. This presents a compelling opportunity for an investor to pursue proper zoning, licensing, and repositioning strategies to unlock additional value. The property offers strong fundamentals with multiple units in place, making this an ideal value-add investment with upside through stabilization, rent growth, and regulatory alignment. The property represents a rare chance to secure scale and potential in a high-demand North Philadelphia submarket. The use is currently non-conforming. The property size is 2805 square feet.
Key Highlights
- High‑demand location: Two blocks from Temple University Hospital.
- Value‑add potential: Unlock additional value through zoning and licensing.
- Scalable investment: Acquire one or both properties (6‑unit and 9‑unit).
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Value-add multifamily opportunity near Temple University Hospital.
Where is this apartment building located?
The property is located at 3525 North 16th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: High‑demand location: Two blocks from Temple University Hospital.; Value‑add potential: Unlock additional value through zoning and licensing.; Scalable investment: Acquire one or both properties (6‑unit and 9‑unit).
