1846 N 16th St, Philadelphia, PA 19121

Property Description

Investor Alert! 24-hour notice required for all showings. Exceptional opportunity to acquire an 8-bedroom, 2.5-bath investment property in one of Temple University’s most established off-campus rental markets. The property is occupied and leased through July 2027 at $2,750 per month ($33,000 gross annual income). Stabilized rent is $4,000 per month ($48,000 gross annual income), giving the next owner a clear opportunity to increase income when the current lease ends. Currently securing lease for 27/28 at rental rate of $4000 a month. The property is zoned for 6 units, creating significant future value-add potential for the next owner, subject to buyer due diligence. Located just steps from Temple University’s Main Campus and within the Temple University Patrol Zone, the property sits in one of Philadelphia’s strongest off-campus rental corridors, known for consistent tenant demand and long-term rental stability. The property also offers roof access. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665188, PAPH2665196, PAPH2665198 and PAPH2686570 The property has historically generated $52,800 in annual gross rental income, reflecting strong, proven demand in this corridor. With no tenant in place, an investor has full flexibility to re-lease at today's market rates, renovate, or pursue the property's value-add zoning potential right away. Located just steps from Temple University's main campus and within the Temple University Patrol Zone, the property benefits from one of Philadelphia's strongest student housing corridors, known for consistent tenant demand and long-term rental stability. A standout feature of this investment is its RM-1 zoning, allowing up to six units by right (subject to buyer due diligence), creating significant long-term value-add potential for future redevelopment or reconfiguration — an opportunity made easier by the property's current vacant status. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665178, PAPH2665182, PAPH2665180, PAPH2665184, PAPH2665188, PAPH2665192, PAPH2665196, PAPH2665198 and PAPH2665206