Prime development opportunity! Vacant RM-1 multifamily-zoned lot located in the rapidly growing Temple University/North Central Philadelphia corridor. The property measures approximately 15' x 50' (750± SF) and offers excellent potential for multifamily residential development. Surrounded by new construction and beautifully renovated homes, this site is ideally situated near Temple University, Center City, public transportation, major highways, shopping, and dining. Whether you're a developer, investor, or builder, this is an outstanding opportunity to acquire a multifamily-zoned parcel in one of Philadelphia's strongest rental and appreciation markets. Buyer is responsible for verifying zoning, permitted uses, lot dimensions, utility availability, and all development feasibility with the City of Philadelphia. Don't miss this exceptional investment opportunity!
Lot/land
Price cut: $4K (8/19)
$125,900
1239 N 16th St, Philadelphia, PA 19121
--beds
--baths
750Square Feet
Unimproved Land
Built in ----
750 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 89 days
- 12
- 0
Zillow last checked:
Listing updated:
Listed by:
David Lo 215-722-0800,
Philly Real Estate 2157220800
Source: Bright MLS,MLS#: PAPH2641550
Facts & features
Property
Lot
- Size: 750 Square Feet
- Dimensions: 15.00 x 50.00
Details
- Parcel number: 471211600
- Zoning: RM1
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Tax assessed value: $75,000
- Annual tax amount: $1,049
- Date on market: 6/26/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2026 | Price change | $125,900-3.1% |
Source:  Bright MLS #PAPH2641550 Report a problem | ||
| 8/7/2026 | Price change | $129,900-7.1% |
Source: Bright MLS #PAPH2641550 Report a problem | ||
| 6/26/2026 | Listed for sale | $139,900+174.3% |
Source: Bright MLS #PAPH2641550 Report a problem | ||
| 5/26/2015 | Sold | $51,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,855 +253.3% | $132,500 +253.3% |
| 2024 | $525 -27.5% | $37,500 -27.5% |
| 2023 | $724 +913.7% | $51,700 |
| 2022 | $71 | -- |
| 2021 | $71 | -- |
| 2018 | $71 | -- |
| 2017 | $71 | -- |
| 2016 | $71 | -- |
| 2015 | $71 | -- |
| 2014 | $71 +4.5% | $5,100 +41% |
| 2012 | $68 | $3,616 |
| 2011 | -- | $3,616 |
| 2010 | -- | $3,616 |
| 2009 | -- | $3,616 |
| 2008 | -- | $3,616 +175.6% |
| 2007 | -- | $1,312 +7.9% |
| 2006 | -- | $1,216 +442.9% |
| 2005 | -- | $224 |
| 2004 | -- | $224 |
| 2003 | -- | $224 |
| 2002 | -- | $224 |
| 2000 | -- | $224 |
| 1999 | -- | $224 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: North Central
Nearby schools
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