6-Unit Apartment
For Sale
$900,000
731 S 16th St, Philadelphia, PA 19146
The property includes window and wall air conditioning, with on-street parking available.
Property Size2,532 SF
Price / SF$355.45
Days on Market85
Property Features for 731 S 16th St
General Information
Standard status
Active
Size
2,532 SF
Site & Location
Neighborhood
Francisville
Additional Details
Multifamily Units
6
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Best City Homes Inc
Listed By:
Richard B Moore, Richard B Moore · License #RM419421
(267) 977-8205
Source:
Bethsamberg
Added: Aug 2
Changed: Oct 6
Last Checked: Oct 7 at 1:01PM
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 Best City Homes Inc
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Investment Insights
Based on property information with market context.
Located at 731 16th Street in Philadelphia’s Graduate Hospital area, this six-unit apartment building was constructed in 1900. The property includes window and wall air conditioning, while parking is available on the street. The building occupies a 16.00 x 80.00 parcel and may be acquired separately or together with 729 S 16th Street, creating a combined 11-unit offering.
Key Highlights
- Six‑unit apartment building constructed in 1900
- Window and wall air conditioning
- On‑street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,827
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,540
$796.5K
Cap Rate 7%
$568,957
$569.0K
Cap Rate 9%
$442,522
$442.5K
Market Conditions
NOI Build-Up for 2,532 SF
Gross rent
$76.9K $30.36/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$72.4K $28.60/SF
− OpEx
−$32.6K −$12.87/SF
NOI
$39.8K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,540
Cap Rate 7%
$568,957
Cap Rate 9%
$442,522
Alternative Uses
Best Use
Apartment 5plus
$569.0K
$497.8K – $663.8K
NOI $39,827 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$617.3K
$540.1K – $720.1K
NOI $43,208 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes window and wall air conditioning, with on-street parking available.
Where is this apartment building located?
The property is located at 731 S 16th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Six‑unit apartment building constructed in 1900; Window and wall air conditioning; On‑street parking available
