1648 S 16TH ST, Philadelphia, PA 19145

• 2,896 sqft

Property Description

Beautifully Maintained, Fully Occupied, Triplex with C-1 Commercial Space on 1st-Floor. The first floor is currently operated as a yoga studio. Previous uses were daycare centers operated by different operators. Petitioning for a C-2 variance providing for a coffee house or takeout foodery would yield a highly profitable business opportunity in this neighborhood location. The second and third floors feature beautifully appointed 2 bedroom/1-bathroom apartments with in-unit laundry, separate utilities, and strong rental histories. Located on two transit lines, brings excellent visibility to this property, both for commercial businesses as well as renters. Strong potential for rental increases will bring increased valuation in the years to come. BONUS: Tax abatement runs through 2030!

Listing Status:

Active

Data Last Updated:

September 24, 2026 at 5:16AM

Listing Office:

Compass Pennsylvania, LLC : 2674358015

Listing Agent:

John J Brown : 2157789600

MLS ID:

PAPH2671842

Interior

• Laundry: Washer In UnitDryer In Unit
• Basement: Unfinished
• A/C: Central A/C
• Heating: Forced AirHeat Pump(s)Electric
• Disability Feature: None

Exterior

• General: Above Grade
• Style: Contemporary
• Parking: PublicUnassigned

Construction

• General: MasonryOther

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: CMX1871550700

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN