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$699,900

  • For Sale
  • Active
  • Apartment
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Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional 5-plex offers immediate cash flow and strong long-term upside. Currently generating $66,660 in annual gross rental income starting August 2026 gross rental income increases to $68,400. This income-producing asset is an outstanding opportunity for investors seeking stable returns and dependable cash flow. The property consists of 5 spacious student housing units totaling 8 bedrooms and 8 bathrooms: Unit 1: 4 bed / 4 bath Current Rent $2600 Future Rent Starting August 1st $2600"¨ Unit 2: 1 bed / 1 bath Current Rent $725 Future Rent Starting August 1st $750 Unit 3 Studio/ 1 bath Current Rent $775 Future Rent Starting August 1st $800 Unit 4 1 bed / 1 bath Current Rent $750 Future Rent Starting August 1st $800 Unit 5 Studio/ 1 bath Current Rent $700 Future Rent Starting August 1st $700 This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058, PAPH2635078, PAPH2637494, PAPH2637506, PAPH2637526, PAPH2637534 PAPH2638432, PAPH2638436, PAPH2639290 PAPH2639294, PAPH2639300, PAPH2639390, PAPH2639516 and PAPH2639518

Full Property Details for 1706 N 16th St

General

  • Price: $699,900
  • Taxes: $4,549 (2026)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2639554
  • Updated: 6/22/2026
  • Added to Site: 9 day(s) ago

Business

  • Business Type: Apartment Building

Parking

  • Parking Type: On Street

Location

  • Area: 19121 (19121)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Subdivision: TEMPLE UNIVERSITY
  • Driving Directions: Use GPS

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C, Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating Fuel: Electric
  • Water Heater: 60+ Gallon Tank

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick, Brick Front
  • Building Size: 2670
  • Year Built: 1915
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Size (Sq. Ft.): 1,742
  • Lot Size Source: Estimated
  • Zoning: RM1

Financial Considerations

  • Price Per Sq. Ft.: $262.13
  • School Tax: $2,547
  • City/TownTax: $2,001
  • City/TownTax Freq: Annually
  • Tax w/Assessment: $325,000
  • Tax Amount: $4,549
  • Tax Year: 2026

Disclosures and Reports

  • Ownership: Fee Simple
  • Investment: Yes

Listed by Keller Williams Realty Devon-Wayne, Michael Coleman and Keller Williams Realty Devon-Wayne, Danielle Redenbaugh

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Listing agents

— 1706 N 16th St —

  • Michael Coleman

    Keller Williams Realty Devon-Wayne

  • Danielle Redenbaugh

    Keller Williams Realty Devon-Wayne

Listing Office Email: klrw894@kw.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1706 N 16th St

School District:Philadelphia City School District
NameGradesDistance
Meade Gen George C School
1600 North 18th Street, Philadelphia, PA 19121
K-80.2 mi
Vaux HS: A Big Picture School
2300 Master Street, Philadelphia, PA 19121
12-0.7 mi
Franklin Benjamin High School
550 North Broad Street, Philadelphia, PA 19130
12-111.1 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 1706 N 16th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/22/2026
Listed
$699,900
133.3%
MLS
7/29/2014
Sold
$300,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1706 N 16th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,549
—
$325,000
—
2024
$4,549
-6%
$325,000
100%
2021
$4,836
—
-100%
2023
$4,836
—
$345,500
—
2020
$4,836
—
$345,500
—
2019
$4,825
3%
$344,700
3%
2018
$4,685
10%
$334,700
10%
2017
$4,274
—
$305,300
—
2016
$4,274
4%
$305,300
—
2015
$4,091
—
$305,300
—
2014
$4,091
5%
$305,300
663%
2013
$3,908
—
$40,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1706 N 16th St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Keller Williams Realty Devon-Wayne, Michael Coleman and Keller Williams Realty Devon-Wayne, Danielle Redenbaugh

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1706 N 16th Street, Philadelphia, PA 19121 (MLS# PAPH2639554) is a Apartment property. 1706 N 16th Street is currently listed for $699,900 and was received on June 22, 2026. Want to learn more about 1706 N 16th Street? Do you have questions about finding other Apartment real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

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