3535 N 16TH ST, Philadelphia, PA 19140

• 2,940 sqft

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: $1,400-$1,450 per unit (3 units) *3537 N. 16th St. List Price: $600,000 Rental: $1,400-$1,450 per unit (3 units)

Listing Status:

Active

Date Added:

April 1, 2026

Data Last Updated:

August 13, 2026 at 4:19AM

Listing Office:

KW Empower : 2156273500

Listing Agent:

Martin Rodriguez : 6092269287

MLS ID:

PAPH2595796

Interior

• Basement: Other
• A/C: Central A/C
• Heating: CentralElectric
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Straight Thru

Construction

• General: MasonryOther

Location

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

Lot

• Zoning: RSA5112199910

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN