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
For sale
$499,900
1842 N 16th St, Philadelphia, PA 19121
7beds
2,784sqft
Townhouse
Built in 1915
1,742 Square Feet Lot
$-- Zestimate®
$180/sqft
$-- HOA
What's special
Private roof deck
- 23 days |
- 101 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Mike Coleman 484-942-6266,
Keller Williams Realty Devon-Wayne 6106478300,
Co-Listing Agent: Danielle Redenbaugh 267-614-3971,
Keller Williams Realty Devon-Wayne
Source: Bright MLS,MLS#: PAPH2635058
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Water Heater
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,784
- Total interior livable area: 2,784 sqft
- Finished area above ground: 2,784
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Pool features: None
Lot
- Size: 1,742 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 321098300
- Zoning: RM1
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Block
Condition
- New construction: No
- Year built: 1915
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Septic
- Water: Public
Community & HOA
Community
- Subdivision: Temple University
HOA
- Has HOA: No
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $180/sqft
- Tax assessed value: $283,600
- Annual tax amount: $3,969
- Date on market: 6/13/2026
- 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 |
|---|---|---|
| 6/13/2026 | Listed for sale | $499,900+42.8%$180/sqft |
Source: | ||
| 7/11/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/28/2023 | Listed for rent | $3,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/27/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/4/2023 | Listed for rent | $3,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/4/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/25/2023 | Price change | $3,500-23.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/30/2023 | Price change | $4,550-7.1%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/9/2023 | Listed for rent | $4,900$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/16/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/26/2023 | Listed for rent | $4,900+96%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/2/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 7/28/2022 | Price change | $2,500-16.7%$1/sqft |
Source: Zillow Rental Network Premium #a0Y8W00000UdMLtUAN Report a problem | ||
| 7/16/2022 | Listed for rent | $3,000$1/sqft |
Source: Zillow Rental Network Premium #a0Y8W00000UdMLtUAN Report a problem | ||
| 12/15/2010 | Sold | $350,000+2816.7%$126/sqft |
Source: Public Record Report a problem | ||
| 8/13/2001 | Sold | $12,000+1100%$4/sqft |
Source: Public Record Report a problem | ||
| 2/12/1999 | Sold | $1,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,970 +0.2% | $283,600 +0.2% |
| 2024 | $3,963 | $283,100 |
| 2023 | $3,963 -41.2% | $283,100 |
| 2022 | $6,741 | -- |
| 2021 | $6,741 +3.5% | -- |
| 2018 | $6,516 | -- |
| 2017 | $6,516 +49.8% | -- |
| 2016 | $4,351 | -- |
| 2015 | $4,351 | -- |
| 2014 | $4,351 +48.5% | $218,600 +2169.5% |
| 2012 | $2,929 | $9,632 |
| 2011 | -- | $9,632 |
| 2010 | -- | $9,632 |
| 2009 | -- | $9,632 |
| 2008 | -- | $9,632 |
| 2007 | -- | $9,632 +7.5% |
| 2006 | -- | $8,960 |
| 2005 | -- | $8,960 |
| 2004 | -- | $8,960 |
| 2003 | -- | $8,960 +1650% |
| 2002 | -- | $512 |
| 2000 | -- | $512 +128.6% |
| 1999 | -- | $224 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: North Central
Nearby schools
GreatSchools rating
- 4/10Meade Gen George C SchoolGrades: PK-8Distance: 0.3 mi
- 2/10Vaux HS: A Big Picture SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.







