1844 North 16th Street

Philadelphia PA 19121

2784 sq. ft.

1742 sq. ft.

Townhouse

Last sold for $387,000

Michael Coleman, last sold this property on 10 September 2026 after 84 days on market.

Overview

Investor Alert! 24-hour notice required for all showings. Currently operating as a 6-bedroom, 2.5 bath rental, the property generates $4,200 per month ($50,400 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one. Offering a nearly 9% cap rate. This property is that it is a legal six-unit rooming house with grandfathered zoning rights, making it a 6-unit building by right. This designation creates significant future value-add potential for the next owner. Subject to buyer due diligence. The property 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. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058, PAPH2635078 and PAPH2637494

Features

2784 sq. ft. floor area

1742 sq. ft. lot size

Townhouse

Estimated Value

Based on this property and similar townhouses sold in Philadelphia over the last 12 months, the estimated median property value of 1844 North 16th Street is $220k.

Median value

$220k

Estimated value range

$1.6k - $900k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Philadelphia. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1844 North 16th Street

2026

Sold

$387,000

10 Sep 2026 by Michael Coleman, of Keller Williams Realty Devon-Wayne

Happy sellers in Philadelphia

We have insufficient information to provide an overview of customer satisfaction for Philadelphia. Viewing the agent profiles, reviews and sales for Philadelphia can provide insights for this location.