New ListingInvestor Alert! Showings by appointment with 24 hours notice. Exceptional opportunity to acquire a 6-bedroom, 2.5-bath student housing property on the 1800 block of N 16th Street, between Berks Street and Montgomery Avenue, in one of Temple University's most established off-campus rental markets. The property is fully leased through July 2027 at $4,200 per month ($50,400 gross annual income), or $700 per bedroom per month, providing investors with stable, predictable income from day one. A standout feature of this property is its grandfathered zoning rights for 6 units, creating significant future value-add potential for the next owner, subject to buyer due diligence. Located just steps from Temple University's Main Campus and within the Temple University Patrol Zone, the property sits in one of Philadelphia's strongest student housing corridors, known for consistent tenant demand and long-term rental stability.Available individually or as part of a larger portfolio package including several neighboring properties on this block and the surrounding area.
| MLS # | PAPH2686570 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1915 |
| Days On Site | 1 |
| Listing Provided By | BHHS Fox & Roach-Center City Walnut | Danielle Redenbaugh |
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,592 |
| Basement | Y |
| Story(s) | 3 |
| Zoning | RM1 |
| Acreage | 0.04 |
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Brick/Mortar |
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 0 |
|---|
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | TEMPLE UNIVERSITY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in TEMPLE UNIVERSITY) | |
Price: $379,900 low | high Med: $145,000 sqft: 2,592 low | high Med: 1,038 $ / sqft: $147 low | high Med: $140 On site: 1 low | high Med: 5 | |
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | TEMPLE UNIVERSITY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in TEMPLE UNIVERSITY) | |
Price: $379,900 low | high Med: $145,000 sqft: 2,592 low | high Med: 1,038 $ / sqft: $147 low | high Med: $140 On site: 1 low | high Med: 5 | |