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$600,000
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Property Description
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)
Full Property Details
Full Property Details for 3535 N 16th St
General
- Price: $600,000
- Taxes: $1,875 (2025)
- Status: Active
- Type: Single Family
- Source: BrightMLSPhilly
- MLS ID: PAPH2595796
- Updated: 8/13/2026
- Added to Site: 142 day(s) ago
Parking
- Parking Type: On Street
Location
- Area: 19140 (19140)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: PHILADELPHIA (NORTH)
- Driving Directions: Take N 3rd St and Callowhill St to N Broad St., turn right onto N Broad St., and drive to N 16th St.
School Information
- School District: Philadelphia City
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Central
- Heating Fuel: Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Straight Thru
- Structure Type: Detached
- Construction: Masonry
- Basement: Yes
- Basement Desc.: Other
- Foundation: Other
- Square Feet: 3,920
- Sq. Ft. Source: Estimated
- Living Area: 2,940 Sq. Ft.
- Finished Above Grnd: 2,940 Sq. Ft.
- Year Built: 2017
- Year Built Source: Assessor
- Property Condition: Excellent
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,880
- Lot Size Source: Assessor
- Lot Dimensions: 16.00 x 118.00
- Zoning: RSA5
Financial Considerations
- Price Per Sq. Ft.: $204.08
- Assessment Year: 2026
- School Tax: $1,050
- City/TownTax: $825
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $134,000
- Tax Amount: $1,875
- Tax Year: 2025
- Tax Total Finished Sq. Ft.: 2940
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 205
Listed by KW Empower, Martin Rodriguez
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Schools
Schools serving 3535 N 16th St
School District:Philadelphia City School District
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 3535 N 16th St
Date
Details
Price
Change
Source
8/07/2026
Price Reduced
$600,000
-4%
MLS
7/09/2026
Price Reduced
$625,000
-3.84%
MLS
4/30/2026
Price Reduced
$649,950
-0.39%
MLS
4/01/2026
Listed
$652,500
-43.26%
MLS
7/11/2019
Sold
$1,150,000
—
Public Record
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
Tax History for 3535 N 16th St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,876
—
$600,000
-10%
2025
$1,876
—
$670,000
—
2024
$1,876
-35%
$670,000
100%
2023
$2,891
275%
100%
2021
$770
-73%
-100%
2023
$2,891
275%
$206,520
-43%
2020
$770
5%
$362,100
3%
2019
$735
—
$350,000
—
2018
$735
—
$350,000
—
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
Estimate the Cost for 3535 N 16th St
3535 N 16th Street, Philadelphia, PA 19140 (MLS# PAPH2595796) is a Single Family property with 0 bedrooms and 0 full bathrooms. 3535 N 16th Street is currently listed for $600,000 and was received on April 01, 2026. Want to learn more about 3535 N 16th Street? Do you have questions about finding other Single Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

