Residential Income Property with Rooftop
For Sale
$280,000
906 N 16TH STREET Unit 3R, Philadelphia, PA 19130
Bi-level two-bedroom, two-bath condo with private rooftop deck, open-concept living and kitchen, and stainless appliances.
Property Size1,242 SF
Days on Market65
Property Features for 906 N 16TH STREET Unit 3R
General Information
Standard status
Active
Size
1,242 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Amenities
rooftop deck
stacked washer/dryer
Juliette balcony
Building Details
Building Size
1,242 SF
Year Built
2014
Listing Agency:
Ehret Realty Inc
(610) 656-5065
Listed By:
Emily M Stout · License #RM420868
(610) 656-5065
Source:
Patmckennarealtors
Added: Jun 2
Changed: Jul 31
Last Checked: Aug 5 at 4:38AM
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 Ehret Realty Inc
Investment Insights
Based on property information with market context.
Bi-level, two-bedroom, two-bath condominium built in 2014 with an open-concept great room combining living, dining, and kitchen. Interior finishes include wood flooring, recessed lighting, and oversized windows that bring in abundant natural light. The kitchen features stainless steel appliances, granite countertops, and a ceramic tile backsplash, with a stacked washer/dryer closet between the kitchen and living areas.
The main level provides access to a sunlit bedroom and a ceramic-tiled bath with a tub shower. The second-floor master bedroom includes a large walk-in closet, a Juliette balcony, and an en suite bath with a double vessel sink vanity and rain shower.
Outside, enjoy the private rooftop deck with panoramic views of the Center City skyline. Located in the Francisville (Fairmount) neighborhood, the home has easy access to the Broad Street Line via the Girard stop a couple of blocks away, with dining, shopping, and cultural destinations in walking distance.
The main level provides access to a sunlit bedroom and a ceramic-tiled bath with a tub shower. The second-floor master bedroom includes a large walk-in closet, a Juliette balcony, and an en suite bath with a double vessel sink vanity and rain shower.
Outside, enjoy the private rooftop deck with panoramic views of the Center City skyline. Located in the Francisville (Fairmount) neighborhood, the home has easy access to the Broad Street Line via the Girard stop a couple of blocks away, with dining, shopping, and cultural destinations in walking distance.
Key Highlights
- Private rooftop deck with panoramic Center City skyline views
- Bi‑level condominium with two bedrooms and two ceramic‑tiled bathrooms
- Open‑concept great room with living, dining, and kitchen
Financial Insights For Apartment 5plus
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 | $37.7k | $30.36 |
| − Vacancy | −$2.2k | −$1.76 |
| EGI | $35.5k | $28.60 |
| − OpEx | −$16.0k | −$12.87 |
| NOI | $19.5k | $15.73 |
1,242 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$279.1K
$244.2K – $325.6K
NOI $19,536 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$302.8K
$264.9K – $353.3K
NOI $21,195 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,682
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Bi-level two-bedroom, two-bath condo with private rooftop deck, open-concept living and kitchen, and stainless appliances.
Where is this residential income property located?
The property is located at 906 N 16TH STREET Unit 3R Philadelphia, PA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Private rooftop deck with panoramic Center City skyline views; Bi‑level condominium with two bedrooms and two ceramic‑tiled bathrooms; Open‑concept great room with living, dining, and kitchen
