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For sale
  • $499,900

    1842 N 16th St, Philadelphia, PA 19121

    7beds
    2,784sqft
    : 
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    Townhouse
    Built in 1915
    1,742 Square Feet Lot
    $-- Zestimate®
    $180/sqft
    $-- HOA

    What's special

    Private roof deck
    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
    23 days
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    101
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    5
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    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#: PAPH2635058MLS Logo

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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

        DateEventPrice
        6/13/2026Listed for sale$499,900+42.8%$180/sqft
        Source: Bright MLS #PAPH2635058 Report a problem
        7/11/2023Listing removed--
        Source: Zillow Rentals Report a problem
        6/28/2023Listed for rent$3,500$1/sqft
        Source: Zillow Rentals Report a problem
        6/27/2023Listing removed--
        Source: Zillow Rentals Report a problem
        6/4/2023Listed for rent$3,500$1/sqft
        Source: Zillow Rentals Report a problem
        6/4/2023Listing removed--
        Source: Zillow Rentals Report a problem
        5/25/2023Price change$3,500-23.1%$1/sqft
        Source: Zillow Rentals Report a problem
        3/30/2023Price change$4,550-7.1%$2/sqft
        Source: Zillow Rentals Report a problem
        3/9/2023Listed for rent$4,900$2/sqft
        Source: Zillow Rentals Report a problem
        2/16/2023Listing removed--
        Source: Zillow Rentals Report a problem
        1/26/2023Listed for rent$4,900+96%$2/sqft
        Source: Zillow Rentals Report a problem
        11/2/2022Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        7/28/2022Price change$2,500-16.7%$1/sqft
        Source: Zillow Rental Network Premium #a0Y8W00000UdMLtUAN Report a problem
        7/16/2022Listed for rent$3,000$1/sqft
        Source: Zillow Rental Network Premium #a0Y8W00000UdMLtUAN Report a problem
        12/15/2010Sold$350,000+2816.7%$126/sqft
        Source: Public Record Report a problem
        8/13/2001Sold$12,000+1100%$4/sqft
        Source: Public Record Report a problem
        2/12/1999Sold$1,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        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

        Getting around

        89 / 100
        Very Walkable
        83 / 100
        Excellent Transit
        74 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        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.

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