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)
New construction
$687,500
3535 N 16th St, Philadelphia, PA 19140
6beds
--baths
2,940sqft
Est.:
Triplex
Built in 2017
-- sqft lot
$667,500 Zestimate®
$234/sqft
$-- HOA
What's special
Contemporary appliancesSpacious unitsFull basementsModern interiorsHigh ceilings
- 44 days
- on Zillow |
- 52 |
- 1 |
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#: PAPH2463374

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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