Philadelphia, PA 19121 1242 N 16Th Street

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Presented By: Redfin Corporation
  • MLS# PAPH2434356
  • 01/14/2025
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  • Beds • 2

Home Details

Rare Investment Opportunity in Francisville/Sharswood!! Discover one of the largest triplexes in the Francisville/Sharswood area, offering over 4,100 square feet of space and a coveted private 3-car parking setup. This 10-bedroom, 6-bathroom property is a standout with steady cash flow, excellent tax shelter benefits, and significant appreciation potential. Conveniently located near Temple and Girard Colleges, the property is fully rented, generating $61,000 annually, with the potential for even greater income when Units 2 and 3 become available for new leases in July. Each unit is designed for tenant convenience: Unit 1 features 2 beds/2 baths, while Units 2 and 3 each offer 4 beds/2 baths. The building features hardwood and tile throughout, stainless steel appliances, cherry oak cabinets, granite counters and 10-foot kitchen islands in Units 2 & 3. Built in 2011, the property has been impeccably maintained by the current owner, with tenants responsible for all utilities, including water fees. This is a rare chance to own a high-income-producing property in a prime locationdont miss it!
Presented By: Redfin Corporation

Interior Features for 1242 N 16Th Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceEstimated
Central Air Y/NYes
Fireplace Y/NNo
FlooringHardwood, Tile/Brick
Furnished UnitsSome
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Interior AmenitiesWood Floors, Kitchen - Island

General for 1242 N 16Th Street

AccessibilityNone
AppliancesStainless Steel Appliances, Washer, Dryer
Architectural StyleOther
CityPHILADELPHIA
Construction MaterialsMasonry, Brick
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsUse GPS- W Cabot St & N 16th St
Garage Y/NNo
HeatingCentral
Lot Size Square Feet1900.00
Lot Size UnitsSquare Feet
MLS Area19121 (19121)
ModificationTimestamp2025-04-06T14:01:22
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total3
NumberOfUnitsVacant
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 3
OwnershipFee Simple
PossessionNegotiable, Settlement
Price Per Sq Ft Total AG191.49
Property SubtypeTriplex
Property TypeMulti-Family
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeInterior Row/Townhouse
Tax Annual Amount10915.0
Tax Assessed Value779800.0
Tax Lot143
Tax Year2025
Total SQFT4256
Two Bedroom1
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built2011
Year Built SourceAssessor
ZoningRES

Exterior for 1242 N 16Th Street

Foundation DetailsConcrete Perimeter
InclusionsEach unit has W/D. Units 2 & 3 total furniture includes: 2 couch's, 8 barstools, 2 end tables, 2 coffee tables 8 twin beds, 8 mattresses, 8 desks, 8 nightstands, 8 chairs, & 8 dressers.
Land Assessed Value155900.00
Land Use CodeW50
Lot Dimensions50.00 x 38.00
Lot Size Acres0.04
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Off Street - # of Spaces3
PoolNo Pool
Total Parking Spaces3
Type of ParkingOff Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $815,000
MLS#PAPH2434356
List Date 01/14/2025
Property Type Multi-Family
Phone 703.929.4729
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