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Grossing $76,500 a year!! This is the investment opportunity you've been looking for in BOOMING Fairmount! Beautifully appointed three-unit property in the heart of Fairmount, one of Philadelphia's most sought-after neighborhoods. Whether you're an investor seeking strong rental income or an owner-occupant looking to offset your mortgage, this triplex delivers on every front. Unit 1 (1st Floor/Basement): A spacious bi-level layout featuring 3 bedrooms and 2 full bathrooms, with private access to a backyard - a rare and highly desirable amenity in the city. Perfect for tenants seeking outdoor space without sacrificing urban convenience. Unit 2 ( 2nd Floor): A bright and well designed 2 bedroom 1 bathroom straight-through apartment. Unit 3 (3rd Floor): Standout 2 bedroom 1 bathroom unit boasting breathtaking 260 degree views of the Philadelphia skyline! Each unit has been finished to the same high standard throughout. Hardwood floors, granite countertops and stainless steel appliances in all 3 units. Each apartment also has their own washer and dryer and laundry space. Lastly there's central air, sprinkler system and a 10 yr roof warranty that expires in 2034. Situated in vibrant Fairmount, residents enjoy walkable access to the Philadelphia Museum of Art, Fairmount Park, Whole foods, top rated restaurants, and easy commuter access to Center City. With three separately metered units, modern finishes, and unbeatable location, this property is ready to generate income from day 1!

Source: BRIGHT MLS, MLS#: PAPH2624358

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  • Property Type
    Residential Income
  • Lot
    0.03 acres

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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 802 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
6/29/2026Source: BRIGHT MLS Price Reduction
$799,850 -0.0%
6/22/2026Source: BRIGHT MLS Price Reduction
$799,900 -1.2%
6/6/2026Source: BRIGHT MLS Price Reduction
$809,900 -3.0%
6/1/2026Source: BRIGHT MLS Price Reduction
$834,900 -1.8%
5/20/2026Source: BRIGHT MLS Status Change
ACTIVE
5/20/2026Source: BRIGHT MLS Price Reduction
$849,900 -0.0%
5/20/2026Source: BRIGHT MLS Price Reduction
$850,000 -2.9%
5/20/2026Source: BRIGHT MLS Added to Database
May 20, 2026
12/3/2024Source: BRIGHT MLS Added to Database
August 12, 2021
Listing provided courtesy of Realty Mark Associates- MLS# PAPH2624358MLS ProviderContact Information: [email protected] - 2153764444