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New construction
  • $687,500

    3535 N 16th St, Philadelphia, PA 19140

    6beds
    --baths
    2,940sqft
    : 
    Triplex
    Built in 2017
    -- sqft lot
    $667,500 Zestimate®
    $234/sqft
    $-- HOA

    What's special

    Contemporary appliancesSpacious unitsFull basementsModern interiorsHigh ceilings
    Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 6.3% cap rate. Welcome to 3535 N. 16th St., a high-demand rental property in the thriving North Broad Corridor, just steps from Temple University Hospital. This fully leased multifamily building features three spacious units (each with 2 beds and 2 baths), totaling six beds, with lower-level units offering full basements for added rental potential. Built in 2017 using efficient modular construction, this energy-efficient property boasts modern interiors, high ceilings, and contemporary appliances. Dedicated management and leasing ensure hassle-free ownership, while a remaining tax abatement keeps operating expenses low. Situated in a Qualified Opportunity Zone, this investment benefits from strong rental appreciation and a waitlist of tenants fueled by 5,500+ skilled TU Hospital professionals. Conveniently located 5 minutes from the SEPTA Broad St. subway, providing direct access to Center City, and near major redevelopments, including North Philadelphia Station, Uptown Theater, and Beury Building. This high-growth investment opportunity is available immediately—a rare find in one of Philadelphia’s most exciting markets. **PACKAGE NOTES: - 2 turnkey rental properties that are giving you the chance to bundle and maximize your investment. - Each property is fully occupied by good-standing tenants. - Owner can provide rent receipts, etc. **PACKAGE DEAL: *3535 N. 16th St. List Price: $687,500 Rental: $1,400 per unit (3 units), *3537 N. 16th St. List Price: $687,500 Rental: $1,400 per unit (3 units)
    44 days
    on Zillow
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    52
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    1
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    Zillow last checked: 7 hours ago

    Listing updated: June 22, 2025 at 03:59am

    Listed by:

    Martin Rodriguez 609-226-9287,

    KW Empower 215-627-3500

    Source: Bright MLS,MLS#: PAPH2463374MLS Logo
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    Basement
    • Area: 0
    Heating
    • Central, Electric
    Cooling
    • Central Air, Natural Gas
    Appliances
    • Included: Gas Water Heater
    Features
    • Basement: Other
    • Has fireplace: No
    Interior area
    • Total structure area: 2,940
    • Total interior livable area: 2,940 sqft

    Property

    Parking
    • Parking features: None
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 1,888 Square Feet
    • Dimensions: 16.00 x 118.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 112199910
    • Zoning: RSA5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Straight Thru
    • Property subtype: Triplex
    Materials
    • Masonry
    • Foundation: Other
    Condition
    • Excellent
    • New construction: Yes
    • Year built: 2017

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Philadelphia
    • Municipality: PHILADELPHIA

    Financial & listing details

    • Price per square foot: $234/sqft
    • Tax assessed value: $134,000
    • Annual tax amount: $1,875
    • Date on market: 6/20/2025
    • Listing agreement: Exclusive Agency
    • Listing terms: Cash,FHA,Conventional
    • Ownership: Other
    • Income includes: Apartment Rentals
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