Skip To Content

1842 N 16TH Street

PHILADELPHIA, PA 19121
  • $499,900
  • STATUS: Active
  • ON SITE: 57 Days
  • ID#: PAPH2635058
UPDATED: 212 min ago
$499,900
  • 7
    BEDS
  • 0.04
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 2,784
    SQFT
  • $180
    $/SQFT
Neighborhood:
Type:
Townhouse
Built:
1915
County:

School Ratings & Info

School District:

Description

Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional single-family student rental offers immediate cash flow in one of Temple University's most sought-after off-campus locations.Currently generating $4,900 per month ($58,800 gross annual income), this income-producing property is an outstanding opportunity for investors seeking stable returns and long-term growth. The property features a spacious 7-bedroom, 2.5-bath layout with a private roof deck, a highly desirable amenity that consistently attracts student tenants and supports strong rental demand.The property is fully leased through July 2027 and benefits from its premier location just steps from Temple University's main campus. Positioned in the heart of the university's most desirable off-campus housing district and within campus patrol zone. Investors can continue operating the property in its current configuration and enjoy immediate, stable cash flow, or explore the potential to convert the building into four residential units, subject to buyer due diligence and approvals. With stable income already in place, strong rental demand, redevelopment potential, and an unbeatable location, this property delivers the combination of cash flow and upside that investors are increasingly seeking in today's market.This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718 and PAPH2632744

Monthly Payment Calculator



©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Matt Lenza Real Estate Team | Crown Homes Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-08-09T23:52:26.703.
www.lenzateam.com/homes/177688362
Print Image

1842 N 16TH Street PHILADELPHIA, PA 19121

  • Price: $499,900
  • Status: Active
  • On Site: 57 Days
  • Updated: 212 min ago
  • ID#: PAPH2635058
7
Beds
2
Baths
1
½ Baths
0.04
Acres
2,784
SQFT
$180
$/SQFT
1915
Built
Neighborhood:
Temple University
County:
Philadelphia
Area:
19121 (19121)
School District:
Philadelphia City
Property Description
Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional single-family student rental offers immediate cash flow in one of Temple University's most sought-after off-campus locations.Currently generating $4,900 per month ($58,800 gross annual income), this income-producing property is an outstanding opportunity for investors seeking stable returns and long-term growth. The property features a spacious 7-bedroom, 2.5-bath layout with a private roof deck, a highly desirable amenity that consistently attracts student tenants and supports strong rental demand.The property is fully leased through July 2027 and benefits from its premier location just steps from Temple University's main campus. Positioned in the heart of the university's most desirable off-campus housing district and within campus patrol zone. Investors can continue operating the property in its current configuration and enjoy immediate, stable cash flow, or explore the potential to convert the building into four residential units, subject to buyer due diligence and approvals. With stable income already in place, strong rental demand, redevelopment potential, and an unbeatable location, this property delivers the combination of cash flow and upside that investors are increasingly seeking in today's market.This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718 and PAPH2632744
Exterior Features

Architectural Style Traditional Construction Materials Masonry Garage YN No Parking Types On Street Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2784 Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Cooling Central A/C Fireplace YN No Heating Forced Air Heating YN Yes Levels 3 Main Level Bedrooms 0 Upper Level1 Bedrooms 3

Property Features

Accessibility Features None Association YN No Central Air YN Yes Condo YN No Cooling Fuel Electric Federal Flood Zone YN No Foundation Details Block Heating Fuel Natural Gas Horse YN No Hot Water 60+ Gallon Tank Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Original MLSNumber 805041999810 Ownership Interest Fee Simple Sale Type Standard Senior Community YN No Sewer Public Septic Structure Design Type Interior Row/Townhouse Tax Annual Amount 3969.00 Tax Lot 296 Vacation Rental YN No Water Source Public Year Built Effective 2023 Zoning RM1

Listing courtesy of Keller Williams Realty Devon-Wayne: .


©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Matt Lenza Real Estate Team | Crown Homes Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-08-09T23:52:26.703.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_805041999810-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_805041999810-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_805041999810-2.jpg
Logo
The Matt Lenza Real Estate Team | Crown Homes Real Estate
514 Ivydale Rd, Wilmington
Media DE, 19803