802 North 16th Street Philadelphia, PA 19130
Three-unit property in Fairmount with modern finishes and strong rental income.
Property Features for 802 North 16th Street
General Information
- Standard status
- Active
- Size
- 2,637 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing office Realty Mark Associates (215) 376-4444
Listing date May 14, 2026
Source Compass
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.
Key Highlights
- Turnkey triplex in desirable Fairmount location, offering immediate rental income potential or owner‑occupancy with mortgage offset.
- Unit 1 features a rare and desirable bi‑level layout with 3 bedrooms, 2 bathrooms, and private backyard access.
- Unit 3 boasts breathtaking 260‑degree views of the Philadelphia skyline.
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 |
