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3537 N 16TH StreetPhiladelphia, PA 19140

For Sale

$662,500

Smart Buyer Rebate $6,625

Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 6.3% cap rate. Welcome to 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, Uptown Theater, and 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: $662,500
Rental: $1,400 per unit (3 units),

** 3537 N. 16th St.
List Price: $662,500
Rental: $1,400 per unit (3 units)

Listed by Martin Rodriguez

·

License #RS348037

·

KW Empower

·

6092269287

Last updated August 12, 2025

·

Source: BrightMLS #PAPH2463414

Listing Facts

  • TypeMulti-family
  • NeighborhoodTioga
  • Days on Prevu81
  • Taxes$11,355.41/year
  • Size2,940 sqft
  • Price per sqft$225

Location

Mortgage Calculator

Listing History

08/12/2025
Status changed to Active
$662,500
08/12/2025
Price Decreased
$662,500
08/12/2025
Status changed to Removed from Feed
$687,500
06/20/2025
Listed by KW Empower
$687,500

Property Details for 3537 N 16TH Street

Exterior

Construction

  • New Construction: Yes
  • Number Of Units Total: 3
  • Property Condition: Excellent
  • Year Built: 2017
  • Architectural Style: Straight Thru
  • Construction Materials: Masonry

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Estimated
  • Lot Size Dimensions: 16

Financial

Residential Income

  • Cap Rate: 6.3
  • Operating Expense Includes: Snow Removal,Trash,Insurance,Advertising

Taxes

  • Tax Annual Amount: $11,355.41
  • Tax Year: 2024

Interior

Features

  • Fireplace: No
  • Spa: No

Measurements

  • Living Area: 2,940
  • Living Area Source: Estimated

Rooms

  • Basement: Other
  • Has Basement: Yes

Other

Location

  • Tax Lot: 206

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Central A/C
  • Heating: Central
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

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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.