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1534 N 16TH StreetPhiladelphia, PA 19121

For Sale

$6,999,999

Smart Buyer Rebate $70,000

PRICE IMPROVED BY $499K: Owl's Nest Apartments @ Temple University. This best-in-class furnished apartment building with 69-beds has been renovated from top-to-bottom with excellent proximity to Philadelphia's largest university by enrollment, as well as the booming North Broad District, Fairmount and Francisville neighborhoods. With 28 units (1's, 2's and 3's) plus common amenities, Owl's Nest Apartments is poised to become a legacy asset at Temple — insulated by perennial rental demand in a high-growth / appreciating location. Located just a few blocks from Main Campus, as well as Septa's North Broad subway line, The Property boasts tremendous curb appeal and visibility. Each apartment is fully furnished—truly plug-and-play turnkey rentals. Amenities include study rooms, fitness center, Amazon dropbox and resident lounge. Utilities (and wifi) are included in the rent. Purchase this exceptional multifamily real estate in a Top-10 USA MSA. 10 year tax abatement (pay taxes based on assessed land value rather than improved value), low maintenance and operating costs. Enquire within for financials.

Listed by Ryan J McManus

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License #RS316262

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Keller Williams Liberty Place

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6106061095

Last updated November 29, 2025

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Source: BrightMLS #PAPH2432782

Listing Facts

  • TypeMulti-family
  • NeighborhoodNorth Central
  • Days on Prevu339
  • Taxes$11,198/year
  • Size21,120 sqft
  • Price per sqft$331

Location

Mortgage Calculator

Listing History

11/04/2025
Price Decreased
$6,999,999
03/08/2025
Price Decreased
$7,400,000
01/15/2025
Status changed to Active
$8,750,000
01/14/2025
Status changed to Removed from Feed
$8,750,000
01/09/2025
Status changed to Active
$8,750,000
01/08/2025
Status changed to Removed from Feed
$8,750,000
01/06/2025
Listed by Keller Williams Liberty Place
$8,750,000

Property Details for 1534 N 16TH Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 4
  • Property Condition: Excellent
  • Year Built: 1950
  • Architectural Style: Unit/Flat
  • Construction Materials: Masonry

Features

  • Other Structures: Above Grade
  • View: City
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Estimated
  • Lot Features: Corner
  • Lot Size Acres: 0.16
  • Lot Size Dimensions: 40
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 6,913
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.7

Taxes

  • Tax Annual Amount: $11,198.00
  • Tax Year: 2024

Interior

Features

  • Flooring: Luxury Vinyl Plank

Measurements

  • Living Area: 21,120
  • Living Area Source: Estimated

Other

Features

  • Accessibility Features: Ramp - Main Level

Location

  • Subdivision Name: TEMPLE UNIVERSITY
  • Tax Lot: 153

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Ductless/Mini-Split
  • Heating: Wall Unit
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1534 N 16TH Street.

What are the annual taxes for 1534 N 16TH Street?

Annual taxes for this multi-family home are estimated at $11,198.

How does 1534 N 16TH Street compare to other multi-family homes in North Central?

This multi-family home is listed 443% above the average price for multi-family homes in North Central and has been on the market for 216 more days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 21,120 sqft.

1534 N 16TH Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19121. On Prevu for 339 days at $6,999,999. This includes a recent price decrease of $400,001. This property features 21,120 square feet of living space, located in North Central. The median listing price for multi-family homes in this area is $410,000. View other multi-family home listings in Philadelphia.

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.