Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 6.3% cap rate. Welcome to 3535 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 immediatelya rare find in one of Philadelphias 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: $687,500
Rental: $1,400 per unit (3 units),
*3537 N. 16th St.
List Price: $687,500
Rental: $1,400 per unit (3 units)
Presented By: KW Empower
Interior Features for 3535 N 16Th Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
BasementOther
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterNatural Gas
General for 3535 N 16Th Street
Acceptable FinancingCash, FHA, Conventional
AccessibilityNone
Architectural StyleStraight Thru
Association Recreation FeeN
Cap Rate6.30
CityPHILADELPHIA
Construction Completed Y/NYes
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsTake N 3rd St and Callowhill St to N Broad St., turn right onto N Broad St., and drive to N 16th St.
Garage Y/NNo
HeatingCentral
Historic Y/NNo
Home Warranty Y/NNo
Lease TypeMonth to Month
MLS Area19140 (19140)
ModificationTimestamp2025-06-22T10:59:50
MunicipalityPHILADELPHIA
New ConstructionYes
Number Of Units Total3
Number of Units Leased3
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnershipOther
Possession31-60 Days CD
Price Per Sq Ft Total AG233.84
Property ConditionExcellent
Property SubtypeTriplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
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