417 South 16th Street

Off Market

417 South 16th Street

Philadelphia PA 19146

2472 sq. ft.

1056 sq. ft.

Duplex

Last sold for $825,000

Elizabeth Convery, last sold this property on 15 October 2026 after 476 days on market.

Overview

Rare opportunity to acquire a legal triplex in the heart of Center City, just steps from Rittenhouse Square and some of Philadelphia’s best restaurants, shops, parks and everyday conveniences. Whether as a pure investment or an owner-occupant opportunity to live in one residence while generating rental income from the other two, 417 S. 16th Street offers an attractive combination of immediate income and long-term upside. The property is configured as three distinct residences: a vacant 2-bedroom, 1-bath apartment on the first floor; a 2-bedroom, 1-bath bi-level apartment on the second floor; and a 1-bedroom, 1-bath apartment on the third floor. Each residence offers the highly desirable convenience of in-unit laundry. The upper-floor apartments are exceptionally well cared for, with abundant natural light, hardwood floors and inviting living spaces, while the recently painted first-floor unit is ready for immediate occupancy, leasing or future improvements. The property has enjoyed a history of long-term tenancy, while current rents provide a new owner with an opportunity to capture additional income as leases roll over. The second-floor residence is currently leased at $1,850/month through December 2026, and the third-floor residence is leased at $1,450/month through February 2027. The vacant first-floor residence was most recently leased to a long-term tenant for $1,900/month. With the first-floor residence currently vacant, a new owner has immediate flexibility: lease the unit at market, improve it to maximize future rent, or make it their own while collecting income from the two occupied apartments above. Legal triplex. Strong rental history. Three apartments with in-unit laundry. Exceptional location. Immediate income with room to grow.

Features

5 bedrooms

2472 sq. ft. floor area

1056 sq. ft. lot size

Duplex

Estimated Value

We need at least 3 similar 5 bedroom duplexes sold in Philadelphia over the last 12 months.

Property history for 417 South 16th Street

2026

Sold

$825,000

15 Oct 2026 by Elizabeth Convery, of Compass Pennsylvania, LLC

Happy sellers in Philadelphia

100%

100% of sellers in Philadelphia reported that their sale price either exceeded or met their price expectations.

Philadelphia stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Philadelphia over the last 12 months.

Local market activity for 5 bedroom duplexes in Philadelphia

In the last 12 months, 2 five-bedroom duplexes similar to 417 South 16th Street, have been sold.

This represents a 200% decrease in five-bedroom duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Philadelphia for a market analysis.

Reid Rosenthal

at BHHS FOX & ROACH REALTORS

(50 reviews)

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Martin Rodriguez

at KW Empower

(42 reviews)

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Patty Dunn

at West Chester

(4 reviews)

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Marc Hammarberg

at Kurfiss Sotheby's International Realty

(11 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Philadelphia

Reid Rosenthal

Sellers who recommend Reid Rosenthal have praised them for being local expert, responsive, well-prepared, strategic, supportive, clear communication, and great negotiation

5 (50 reviews)
2 Reviews in Philadelphia
9 Sales in Philadelphia

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Martin Rodriguez

Martin Rodriguez is an award winning recommended agent for Philadelphia. They have 1 local sale and collected 2 local reviews across the last 12 months.