1. Pennsylvania
2. Philadelphia
3. 3535 N 16TH STREET

3535 N 16TH STREET, Philadelphia, PA 19140

• 2,940 sqft

Property Description

Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 6.3% 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. 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: $687,500 Rental: $1,400 per unit (3 units), *3537 N. 16th St. List Price: $687,500 Rental: $1,400 per unit (3 units)

Listing Status:

Active

Date Added:

June 20, 2025 at 05:00AM

Listing Office:

KW Empower : 2156273500

Listing Agent:

Martin Rodriguez : 6092269287

MLS ID:

PAPH2463374

Interior

• Basement: Other
• A/C: Central A/C
• Heating: YCentralElectric
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Martin Rodriguez, KW Empower