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Nonconforming Multifamily Property
For Sale
$400,000

3527 North 16th Street, Philadelphia, PA 19140

Attached multifamily buildings offer studio and one-bedroom layouts near Temple University Hospital and surrounding educational and medical facilities.

Property Size2,805 SF
Price / SF$142.60
Days on Market152

Property Features for 3527 North 16th Street

General Information

Standard status Active
Size 2,805 SF
Total Parking Spaces 1
Property subtype Multi-Family / Fee Simple
Zoning RSA3

Additional Details

Multifamily Units 15

Taxes and HOA fees

Annual Taxes $3,274

Amenities

No
No Pool

Building Details

Year Built 1940
Buildings 2
Listing Agency: KW Empower
Listed By: Steven Onesti · License #RS372317
Source: Compass
Added: Apr 6 Changed: Aug 31 Last Checked: Sep 1 at 11:02PM

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.

The offering consists of attached twin multifamily buildings at 3525 and 3527 North 16th Street, currently configured as one six-unit property and one nine-unit property. Existing layouts include studio and one-bedroom apartments. The buildings date to 1940 and are identified with RSA3 zoning.

The properties are located two blocks from Temple University Hospital and near educational and medical facilities, with access to surrounding transportation routes. The multifamily use is currently non-conforming and is not presently legally registered for its existing operation. Any purchaser will be responsible for pursuing required use registration, licensing, and certifications. The properties may be acquired separately or together.

Key Highlights

  • Attached twin multifamily buildings at 3525 and 3527 North 16th Street
  • Current configuration includes one six‑unit property and one nine‑unit property
  • Studio and one‑bedroom apartment layouts

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Acupuncture Gym & Fitness Center Cafe & Coffee Shop

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

15
Residential units

Location Intelligence

Trade Area within ½ mile

3,185
Businesses Nearby

Demographics for 19140, PA

52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Attached multifamily buildings offer studio and one-bedroom layouts near Temple University Hospital and surrounding educational and medical facilities.
Where is this apartment building located?
The property is located at 3527 North 16th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Attached twin multifamily buildings at 3525 and 3527 North 16th Street; Current configuration includes one six‑unit property and one nine‑unit property; Studio and one‑bedroom apartment layouts
More about this property
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