MLS#PAPH2635078
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONTEMPLE UNIVERSITY
SCHOOLPHILADELPHIA CITY
Property Description
Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional single-family student rental offers immediate cash flow in one of Temple University's most sought-after off-campus locations. Currently generating $4,900 per month ($58,800 gross annual income), this income-producing property is an outstanding opportunity for investors seeking stable returns and long-term growth. The property features a spacious 7-bedroom, 2.5-bath layout with a private roof deck, a highly desirable amenity that consistently attracts student tenants and supports strong rental demand. The property is fully leased through July 2027 and benefits from its premier location just steps from Temple University's main campus. Positioned in the heart of the university's most desirable off-campus housing district and within campus patrol zone. Investors can continue operating the property in its current configuration and enjoy immediate, stable cash flow, or explore the potential to convert the building into four residential units, subject to buyer due diligence and approvals. With stable income already in place, strong rental demand, redevelopment potential, and an unbeatable location, this property delivers the combination of cash flow and upside that investors are increasingly seeking in today's market. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718 and PAPH2632744
Property Features
Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.04 Acres
Taxes: $3,969
Year Built: 1915
Feature Descriptions
Exterior: Masonry
Lot Dimensions: 0.04 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Septic
Total Garage/Parking Spaces: 0
Units: 1
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Devon-Wayne
Agency Phone: 6106478300
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
1842 N 16th Street | MLS# PAPH2635078
This commercial property located at 1842 N 16th Street , Philadelphia, PA 19121 is currently listed for sale with an asking price of $499,900. N 16th Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.