$587,500

Property Description

This triplex comes with 9 years left of the full tax abatements; the abatement was never applied when the building was originally bought. Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 6.9% 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: $600,000 Rental: $1,250-$1,450 per unit (3 units) *3537 N. 16th St. List Price: $600,000 Rental: $1,400-$1,450 per unit (3 units)

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Mar 26, 2026

Price per Sq Ft

$200/sqft

ZIP Code

19140

Parking

On Street

Heating

Central

Cooling

Central A/C

Construction

Masonry

Style

Straight Thru

Property Tax (2026)

$1,875/yr

Assessed Value

$670,000

Last Sold

$1,150,000 · Jul 15, 2019

Neighborhood

Tioga

County

Philadelphia

School District

The School District of Philadelphia

Features & Amenities

Location

Lat 40.00765 · Lng -75.15463