802 N 16TH Street Philadelphia, PA 19130
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Features for 802 N 16TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,637 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9416
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Seth C Brodsky License #RS314858 (215) 376-4444
Listing office Realty Mark Associates 2250 Terwood Drive, Southampton, PA (215) 376-4444
Listing date May 21, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The triplex is located in Fairmount, Philadelphia, with walkable access described to Philadelphia Museum of Art and Fairmount Park, as well as Whole Foods and nearby dining. The listing also notes easy commuter access to Center City.
Additional building details provided include central air, a sprinkler system, and a 10-year roof warranty expiring in 2034. The units are separately metered.
Key Highlights
- Three‑unit triplex built in 1920 with masonry construction
- Central air and forced‑air heating plus on‑street parking
- Unit 1 (1st floor/basement) offers 3 bedrooms, 2 full bathrooms, and private backyard access
Local 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 |
