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This sixplex comes with 9 years left of the full tax abatements; the abatements were never applied when the building was originally bought. The taxes are $1,875 a year, and the abatement will run for ten years. The seller's expediter worked with the city to apply the abatement last year, which will run for the next nine years. Investment special for 6 units with the purchase of both buildings, and with a benefit of a 7% cap rate. Welcome to 3535-3537 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, the Uptown Theater, and the 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: $649,950 Rental: $1,400 per unit (3 units), *3537 N. 16th St. List Price: $649,950 Rental: $1,400 per unit (3 units)

Source: BRIGHT MLS, MLS#: PAPH2600710

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  • Property Type
    Commercial Sale

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 3535-3537 N 16TH STREET


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/30/2026Source: BRIGHT MLS Price Reduction
$1,299,900 -0.4%
3/31/2026Source: BRIGHT MLS Status Change
ACTIVE
3/27/2026Source: BRIGHT MLS Added to Database
March 27, 2026
12/3/2024Source: BRIGHT MLS Added to Database
August 10, 2021
Listing provided courtesy of KW Empower- MLS# PAPH2600710MLS ProviderContact Information: [email protected] - 2156273500