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Under contract
  • Price cut: $25K (5/19)
    $425,000

    3527 N 16th St, Philadelphia, PA 19140

    1beds
    9baths
    2,805sqft
    : 
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    Multi Family
    Built in 1940
    -- sqft lot
    $-- Zestimate®
    $152/sqft
    $-- HOA

    What's special

    Studio and one-bedroom units
    3525 and 3527 North 16th Street. 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 or together, 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.
    92 days
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    82
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    0
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    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#: PAPH2604270MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 9
      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
      • Total spaces: 1
      • Parking features: Driveway
      • Uncovered spaces: 1
      Accessibility
      • Accessibility features: None
      Features
      • Pool features: None
      Lot
      • Size: 4,206 Square Feet
      • Dimensions: 37.00 x 114.00
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 112199700
      • 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: $152/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

        $1,275/mo

        Price history

        DateEventPrice
        6/22/2026Contingent$425,000$152/sqft
        Source: Bright MLS #PAPH2604270 Report a problem
        5/19/2026Price change$425,000-5.6%$152/sqft
        Source: Bright MLS #PAPH2604270 Report a problem
        4/6/2026Listed for sale$450,000+200%$160/sqft
        Source: Bright MLS #PAPH2604270 Report a problem
        4/8/2006Sold$150,000+690%$53/sqft
        Source: Public Record Report a problem
        11/29/2000Sold$18,988$7/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,274 -45.8%$233,900 -45.8%
        2024$6,036 $431,200
        2023$6,036 +240.9%$431,200
        2022$1,771 --
        2021$1,771 +3.4%--
        2018$1,712 --
        2017$1,712 -2.9%--
        2016$1,764 --
        2015$1,764 --
        2014$1,764 +31.9%$99,800 +1576.7%
        2012$1,337 $5,952
        2011-- $5,952
        2010-- $5,952
        2009-- $5,952
        2008-- $5,952
        2007-- $5,952 +7.5%
        2006-- $5,536
        2005-- $5,536
        2004-- $5,536
        2003-- $5,536
        2002-- $5,536
        2000-- $5,536
        1999-- $5,536

        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: Tioga

        Getting around

        87 / 100
        Very Walkable
        80 / 100
        Excellent Transit
        52 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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