Exceptional opportunity to acquire one or both of these side-by-side properties, currently configured as a six-unit and a nine-unit multifamily package. These properties can be purchased individually ($275,000 for 3525 and $400,000 for 3527) or together ($675,000), offering flexibility for investors seeking scale, value-add potential, or long-term appreciation in a rapidly developing corridor. Positioned just two blocks from Temple University Hospital and surrounding educational and medical facilities, the location benefits from consistent rental demand driven by healthcare professionals, students, and workforce housing needs. The area is experiencing continued growth and reinvestment, supported by its proximity to major institutions and transportation routes. Both buildings are attached twins and are currently operating as multifamily assets with studio and one-bedroom units. This presents a compelling opportunity for an investor to pursue proper zoning, licensing, and repositioning strategies to unlock additional value. Each property offers strong fundamentals with multiple units in place, making this an ideal value-add investment with upside through stabilization, rent growth, and regulatory alignment. Whether acquired individually or as a portfolio, 3525–3527 N 16th Street represents a rare chance to secure scale and potential in a high-demand North Philadelphia submarket. The use is currently non-conforming. Buyer shall assume full responsibility for obtaining any required use registration, licensing, and certifications.
For sale
Price cut: $25K (7/28)
$275,000
3525 N 16th St, Philadelphia, PA 19140
5beds
5baths
2,805sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$98/sqft
$-- HOA
What's special
Studio and one-bedroom units
- 185 days
- 451
- 35
Zillow last checked:
Listing updated:
Listed by:
Steven Onesti 215-783-7779,
KW Empower 215-627-3500,
Listing Team: The Mike Mccann Team
Source: Bright MLS,MLS#: PAPH2604234
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Gas Water Heater
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,805
- Total interior livable area: 2,805 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 2,679 Square Feet
- Dimensions: 27.00 x 100.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 112199600
- Zoning: RSA3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Masonry
- Foundation: Stone
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Nicetown-tioga
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $98/sqft
- Tax assessed value: $233,900
- Annual tax amount: $3,274
- Date on market: 4/6/2026
- 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 |
|---|---|---|
| 7/28/2026 | Price change | $275,000-8.3%$98/sqft |
Source: | ||
| 7/24/2026 | Listed for sale | $300,000$107/sqft |
Source: | ||
| 6/22/2026 | Contingent | $300,000$107/sqft |
Source: | ||
| 5/19/2026 | Price change | $300,000-9.1%$107/sqft |
Source: | ||
| 4/6/2026 | Listed for sale | $330,000+223.5%$118/sqft |
Source: | ||
| 6/22/2007 | Sold | $102,000+446.7%$36/sqft |
Source: Public Record Report a problem | ||
| 11/29/2000 | Sold | $18,659$7/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,274 -45.8% | $233,900 -45.8% |
| 2024 | $6,036 | $431,200 |
| 2023 | $6,036 +268.9% | $431,200 |
| 2022 | $1,636 | -- |
| 2021 | $1,636 +3.5% | -- |
| 2018 | $1,582 | -- |
| 2017 | $1,582 -6.2% | -- |
| 2016 | $1,687 | -- |
| 2015 | $1,687 | -- |
| 2014 | $1,687 | $99,800 +1451.6% |
| 2012 | -- | $6,432 |
| 2011 | -- | $6,432 |
| 2010 | -- | $6,432 |
| 2009 | -- | $6,432 |
| 2008 | -- | $6,432 |
| 2007 | -- | $6,432 +7.5% |
| 2006 | -- | $5,984 |
| 2005 | -- | $5,984 |
| 2004 | -- | $5,984 +10% |
| 2003 | -- | $5,440 |
| 2002 | -- | $5,440 |
| 2000 | -- | $5,440 |
| 1999 | -- | $5,440 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Tioga
Nearby schools
Schools provided by the listing agent
- District: The School District Of Philadelphia
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.








