Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 7.6% cap rate. Welcome to 3535 N. 16th St., a high-demand rental property in the thriving North Broad Corridor, just steps from Temple University Hospital. This fully leased multifamily building features three spacious units (each with 2 beds and 2 baths), totaling six beds, with lower-level units offering full basements for added rental potential. This triplex comes with 1 year left of the full tax abatement. Built in 2017 using efficient modular construction, this energy-efficient property boasts modern interiors, high ceilings, and contemporary appliances. Dedicated management and leasing ensure hassle-free ownership, while a remaining tax abatement keeps operating expenses low. Situated in a Qualified Opportunity Zone, this investment benefits from strong rental appreciation and a waitlist of tenants fueled by 5,500+ skilled TU Hospital professionals. Conveniently located 5 minutes from the SEPTA Broad St. subway, providing direct access to Center City, and near major redevelopments, including North Philadelphia Station, Uptown Theater, and Beury Building. This high-growth investment opportunity is available immediately—a rare find in one of Philadelphia’s most exciting markets. **PACKAGE NOTES: - 2 turnkey rental properties that are giving you the chance to bundle and maximize your investment. - Each property is fully occupied by good-standing tenants. - Owner can provide rent receipts, etc. **PACKAGE DEAL: *3535 N. 16th St. List Price: $600,000 Rental: $1,400-$1,450 per unit (3 units) *3537 N. 16th St. List Price: $600,000 Rental: $1,400-$1,450 per unit (3 units)
New construction
Price cut: $25K (8/7)
$600,000
3535 N 16th St, Philadelphia, PA 19140
6beds
--baths
2,940sqft
Triplex
Built in 2017
-- sqft lot
$592,900 Zestimate®
$204/sqft
$-- HOA
What's special
Contemporary appliancesModern interiorsHigh ceilings
- 150 days
- 76
- 4
Zillow last checked:
Listing updated:
Listed by:
Martin Rodriguez 609-226-9287,
KW Empower 215-627-3500
Source: Bright MLS,MLS#: PAPH2595796
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Basement
- Area: 980
Heating
- Central, Electric
Cooling
- Central Air, Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Basement: Other
- Has fireplace: No
Interior area
- Total structure area: 3,920
- Total interior livable area: 2,940 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,880 Square Feet
- Dimensions: 16.00 x 118.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 112199910
- Zoning: RSA5
- Zoning description: FOR A MULTI-FAMILY HOUSEHOLD LIVING (THREE (3) DWELLING UNITS)
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Straight Thru
- Property subtype: Triplex
Materials
- Masonry
- Foundation: Other
Condition
- Excellent
- New construction: Yes
- Year built: 2017
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Philadelphia (north)
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $204/sqft
- Tax assessed value: $134,000
- Annual tax amount: $1,875
- Date on market: 4/1/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,FHA,Conventional
- Ownership: Fee Simple
- Total actual rent: 102600
Estimated market value
$592,900
$563,000 - $623,000
$1,559/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Price change | $600,000-4%$204/sqft |
Source: | ||
| 7/9/2026 | Price change | $625,000-3.8%$213/sqft |
Source: | ||
| 4/30/2026 | Price change | $649,950-0.4%$221/sqft |
Source: | ||
| 4/1/2026 | Listed for sale | $652,500$222/sqft |
Source: | ||
| 12/24/2025 | Listing removed | $652,500$222/sqft |
Source: | ||
| 11/7/2025 | Price change | $652,500-1.5%$222/sqft |
Source: | ||
| 8/12/2025 | Price change | $662,500-3.6%$225/sqft |
Source: | ||
| 6/20/2025 | Listed for sale | $687,500+9.1%$234/sqft |
Source: | ||
| 7/11/2019 | Listing removed | $630,000$214/sqft |
Source: Compass Pennsylvania, LLC #PAPH728370 Report a problem | ||
| 3/20/2019 | Price change | $630,000+9.6%$214/sqft |
Source: Compass Pennsylvania, LLC #PAPH728370 Report a problem | ||
| 1/30/2019 | Price change | $575,000-4%$196/sqft |
Source: Prestige Group Inc #PAPH505554 Report a problem | ||
| 1/2/2019 | Price change | $599,000-50%$204/sqft |
Source: Prestige Group Inc #PAPH505554 Report a problem | ||
| 12/27/2018 | Listed for sale | $1,199,000$408/sqft |
Source: Prestige Group Inc #PAPH505554 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment




