Triplex With Skyline
For Sale
$789,900
802 N 16TH STREET, Philadelphia, PA 19130
Three separately metered apartments feature upgraded finishes, private laundry, central air, and distinct layouts.
Property Size2,637 SF
Days on Market76
Property Features for 802 N 16TH STREET
General Information
Standard status
Active
Size
2,637 SF
Property subtype
Triplex
Additional Details
Gross Income
$76,500
Utilities to Site
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$9,416
Amenities
hardwood floors
granite countertops
stainless steel appliances
in-unit washer/dryer
central air
private backyard access
Building Details
Building Size
2,637 SF
Year Built
1920
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Seth C Brodsky · License #RS314858
(215) 376-4444
Source:
Patmckennarealtors
Added: May 21
Changed: Aug 2
Last Checked: Aug 3 at 11:03AM
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 Realty Mark Associates
Investment Insights
Based on property information with market context.
Built in 1920, this three-unit residential property combines a bi-level first-floor and basement apartment with two upper-level flats. The first unit includes 3 bedrooms, 2 full bathrooms, and private backyard access. The second offers 2 bedrooms and 1 bathroom, while the third provides 2 bedrooms, 1 bathroom, and 260-degree Philadelphia skyline views.
All three apartments share hardwood flooring, granite countertops, stainless steel appliances, individual washers and dryers, and dedicated laundry areas. Central air, a sprinkler system, and a 10-year roof warranty extending through 2034 add to the building’s infrastructure. Each unit is separately metered. The property is in Fairmount, with walkable access to the Philadelphia Museum of Art, Fairmount Park, Whole Foods, restaurants, and Center City commuter connections.
All three apartments share hardwood flooring, granite countertops, stainless steel appliances, individual washers and dryers, and dedicated laundry areas. Central air, a sprinkler system, and a 10-year roof warranty extending through 2034 add to the building’s infrastructure. Each unit is separately metered. The property is in Fairmount, with walkable access to the Philadelphia Museum of Art, Fairmount Park, Whole Foods, restaurants, and Center City commuter connections.
Key Highlights
- Three‑unit property with 3‑bedroom and 2‑bedroom floor plans
- Unit 1 includes a bi‑level layout, 2 full bathrooms, and private backyard access
- Unit 3 offers 260‑degree Philadelphia skyline views
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 | $68.0k | $25.80 |
| − Vacancy | −$3.7k | −$1.42 |
| EGI | $64.3k | $24.38 |
| − OpEx | −$19.3k | −$7.31 |
| NOI | $45.0k | $17.06 |
2,637 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$642.9K
$562.5K – $750.0K
NOI $45,000 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$592.6K
$518.5K – $691.3K
NOI $41,479 @ 7.0% cap · market cap 5.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered apartments feature upgraded finishes, private laundry, central air, and distinct layouts.
Where is this triplex located?
The property is located at 802 N 16TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: Three‑unit property with 3‑bedroom and 2‑bedroom floor plans; Unit 1 includes a bi‑level layout, 2 full bathrooms, and private backyard access; Unit 3 offers 260‑degree Philadelphia skyline views
