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5651 N 16TH StreetPhiladelphia, PA 19141

For Sale

$229,900

Smart Buyer Rebate - Ask

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 October 04, 2025

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Source: BrightMLS #PAPH2525778

Listing Facts

  • TypeMulti-family
  • NeighborhoodOgontz
  • Days on Prevu126
  • Taxes$4,337/year
  • Size2,000 sqft
  • Price per sqft$115

Location

Mortgage Calculator

Listing History

10/04/2025
Price Decreased
$229,900
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

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 5651 N 16TH Street.

What are the annual taxes for 5651 N 16TH Street?

Annual taxes for this multi-family home are estimated at $4,337.

How does 5651 N 16TH Street compare to other multi-family homes in Ogontz?

This multi-family home is listed 36% below the average price for multi-family homes in Ogontz and has been on the market for 22 less 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 2,000 sqft.

5651 N 16TH Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19141. Listed on Prevu for 126 days at $229,900. This includes a recent price decrease of $20,000. This home features 2,000 square feet of living space, located in Ogontz. The median listing price for multi-family homes in this area is $190,000. Explore more multi-family home listings in Philadelphia.

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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.