16 E Springer Street, Philadelphia, PA 19119 - Photo 1

1/1

$715,000

Sold
Closed
Triplex
5,000 Sq. Ft.
6 Car Garage

1/1

Property Description

Beautiful, unique 1880's grain mill building fully renovated and converted into three (3) spacious two-bedroom, one bath apartments with a huge adjoining/attached workshop/warehouse/studio space with driveway. Located in the desirable Mt. Airy neighborhood of Philadelphia, all three apartments are thoughtfully and fully renovated, each featuring the unique exposed original wood beams from the grain mill and many large windows in each unit that give great natural light in every area of the space. Each apartment is approximately 1,200 SF with open floor plans, in excellently maintained condition, with central HVAC, in-unit private laundry, and wood plank flooring. All utilities are separated - tenants pay HVAC, electric, gas, hot water. The bonus large commercial-grade (owner-occupied) workshop space has massive potential, with an estimated projected rent of at least $1,500/month. The workspace has a concrete slab floor, high 13' ceiling height, and a large overhead garage door and is very secure. Gross yearly rental income ($72,000) includes projected garage/studio space rent of $1,500 per month, making this a fabulous investment or even potentially a mixture of an owner-occupied situation. This is a cash-flow positive property that is in great condition, with all systems (plumbing, electric, etc.) fully replaced and modernized, low maintenance, and easy renting in a top neighborhood with high demand from an excellent rental pool. The perfect opportunity for both new and seasoned investors seeking a stable, income-generating multifamily property in a prime location near a popular commercial strip with a grocery store, restaurant, cafe, retail, and a bakery just a half block away. Truly unlike any other triplex in the area with its original charm that has been lovingly maintained during the current owners' 40+ years of ownership. 24 HOUR NOTICE required for showings due to the property being fully occupied by excellent tenants. All showings through agent.

Full Property Details

Full Property Details for 16 E Springer St

General

Sold For: $715,000
Taxes: $9,970 (2024)
Status: Closed
Type: Triplex
Source: BrightMLSPhilly
MLS ID: PAPH2509682
Added to Site: 297 day(s) ago

Interior

Interior Features: Combination Kitchen/Living, Combination Dining/Living, Ceiling Fan(s), Floor Plan - Open, Kitchen - Eat-In, Kitchen - Island
Appliances: Dishwasher, Dryer - Gas, Exhaust Fan, Oven/Range - Gas, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked
Flooring: Hardwood, Wood

Additional Information

Security/Safety: Fire Detection System

Parking

Garage: Yes
Garage Spaces: 6
Total Spaces: 8
Parking Type: Driveway, Attached Garage
Garage Description: Additional Storage Area, Garage - Side Entry, Oversized, Inside Access

Location

Area: 19119 (19119)
Municipality: PHILADELPHIA
County: Philadelphia
Development Name: Mt Airy (East)
Subdivision: Mt Airy (East)
Cross Streets: Germantown Avenue
Driving Directions: From Germantown Avenue turn east onto Springer Street. Property is immediately on the right.

School Information

School District: Philadelphia City

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Electric
Heating Type: Forced Air
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Info: Victorian, Other
Architectural Style: Victorian, Other
Structure Type: Detached
Construction: Masonry
Basement: Yes
Basement Desc.: Full
Foundation: Stone
Windows: Double Hung
Stories/Levels: 0
Square Feet: 5,000
Sq. Ft. Source: Estimated
Living Area: 5,000 Sq. Ft.
Finished Above Grnd: 5,000 Sq. Ft.
Year Built: 1890
Year Built Source: Assessor
Property Condition: Excellent

Unit Information

2 Bedroom Units: 3

Additional Structures

Other Structures: Other, Garage(s)

Lot Features

Lot Size (Acres): 0.06
Lot Size (Sq. Ft.): 2,783
Lot Size Source: Assessor
Lot Dimensions: 35.00 x 79.00
Zoning: CMX2

Financial Considerations

Price Per Sq. Ft.: $150
Operating Expenses: $24,000
Assessment Year: 2025
School Tax: $5,583
City/TownTax: $4,387
City/TownTax Freq: Annually
County Tax Freq: Annually
Tax w/Assessment: $712,300
Tax Amount: $9,970
Tax Year: 2024
Terms: Standard Sale
Owner Pays: Common Area Maintenance, Repairs, Snow Removal, Water, Trash Collection, Taxes - Real Estate
Landlord Pays: Common Area Maintenance, Repairs, Snow Removal, Water, Trash Collection, Taxes - Real Estate
Tax Total Finished Sq. Ft.: 10800

Disclosures and Reports

Ownership: Fee Simple
Inclusions: All Appliances
Lot Number: 145

Listed and Sold by Elfant Wissahickon-Chestnut Hill, John P O'Connell

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Listing agent

— 16 E Springer St —

John P O'Connell

Elfant Wissahickon-Chestnut Hill

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Schools

Schools serving 16 E Springer St

School District:Philadelphia City School District

Name	Grades	Distance
Emlen Eleanor C School 6501 Chew Avenue, Philadelphia, PA 19119	K-5	0.4 mi
King Martin Luther High School 6100 Stenton Avenue, Philadelphia, PA 19138	9-12	1.2 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 16 E Springer St

Date

Details

Price

Change

Source

11/04/2025

Sold

$715,000

-4.67%

MLS

6/26/2025

Listed

$750,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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16 E Springer Street, Philadelphia, PA 19119 (MLS# PAPH2509682) is a Triplex property that was sold at $715,000 on November 04, 2025. Want to learn more about 16 E Springer Street? Do you have questions about finding other Triplex real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

16 E Springer St Philadelphia, PA 19119