Turnkey Duplex – Fully Occupied with Section 8 Tenants + Basement Studio Potential | $2,300 Gross Monthly Income
Excellent cash-flowing investment! This fully occupied legal multifamily duplex features two income-producing units with guaranteed Section 8 rental payments, offering immediate and stable returns. Plus, half of the basement presents a great opportunity to add a third unit - studio apartment which will maximize your ROI.
Property Overview: Total Gross Monthly Income: $2,300
Section 8 Approved – Reliable, on-time payments
Well-Maintained Building
Separate Entrances for Each Unit
Basement with Studio Conversion Potential
Unit Breakdown: 1st Floor Unit:
2 Bedrooms, 1 Bathroom
Spacious living area and eat-in kitchen
Well-maintained with stable tenant in place
2nd Floor (3FL including) Unit:
4 Bedrooms, 1 Bathroom
Ideal for larger families
Bright, open layout with generous space and solid rental history
A lot of parking space around the property!
This property is perfect for both seasoned and first-time investors seeking reliable cash flow with value-add potential. Reach out today to schedule a showing or request a full rent roll and expense sheet.
Listed by Vardgas Oganisean
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License #RS348567
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Market Force Realty
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2159667772
Last updated August 08, 2025
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Source: BrightMLS #PAPH2525778
Listing Facts
TypeMulti-family
NeighborhoodOgontz
Days on Prevu29
Taxes$4,337/year
Size2,000 sqft
Price per sqft$125
Location
Mortgage Calculator
Listing History
08/08/2025
Listed by Market Force Realty
$249,900
Property Details for 5651 N 16TH Street
Exterior
Construction
New Construction: No
Number Of Units Total: 2
Year Built: 1925
Architectural Style: Colonial
Construction Materials: Masonry
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.10
Lot Size Dimensions: 46
Lot Size Source: Assessor
Lot Size Square Feet: 4,186
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $4,337.00
Tax Year: 2025
Interior
Features
Fireplace: No
Measurements
Living Area: 2,000
Living Area Source: Assessor
Other
Features
Accessibility Features: 2+ Access Exits
Location
Tax Lot: 207
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Ceiling Fan(s), Window Unit(s)
Heating: Hot Water
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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