3527 N 16th St,PHILADELPHIA, PA 19140
PHILADELPHIA, PA 19140
Description
Exceptional opportunity to acquire one or both of these side-by-side properties, currently configured as a six-unit and a nine-unit multifamily package. These properties can be purchased individually ($275,000 for 3525 and $400,000 for 3527) or together ($675,000), offering flexibility for investors seeking scale, value-add potential, or long-term appreciation in a rapidly developing corridor. Positioned just two blocks from Temple University Hospital and surrounding educational and medical facilities, the location benefits from consistent rental demand driven by healthcare professionals, students, and workforce housing needs. The area is experiencing continued growth and reinvestment, supported by its proximity to major institutions and transportation routes. Both buildings are attached twins and are currently operating as multifamily assets with studio and one-bedroom units. This presents a compelling opportunity for an investor to pursue proper zoning, licensing, and repositioning strategies to unlock additional value. Each property offers strong fundamentals with multiple units in place, making this an ideal value-add investment with upside through stabilization, rent growth, and regulatory alignment. Whether acquired individually or as a portfolio, 3525-3527 N 16th Street represents a rare chance to secure scale and potential in a high-demand North Philadelphia submarket. The use is currently non-conforming. Buyer shall assume full responsibility for obtaining any required use registration, licensing, and certifications.
Details
| MLS # | PAPH2604270 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1940 |
| Days On Site | 187 |
| Listing Provided By | KW Empower | Steven Onesti |
Features
| SQ Feet | 2,805 |
|---|---|
| Basement | Y |
| Units | 4 |
| Zoning | RSA3 |
| Acreage | 0.10 |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Stone |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 3274 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19140 |
| Area | 19140 (19140) |
| Community Name | NICETOWN TIOGA |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in NICETOWN TIOGA) | |
Price: $400,000 low | high Med: $112,000 sqft: 2,805 low | high Med: 1,530 $ / sqft: $143 low | high Med: $73 On site: 187 low | high Med: 148 | |
Market Activity 19140
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19140 |
| Area | 19140 (19140) |
| Community Name | NICETOWN TIOGA |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in NICETOWN TIOGA) | |
Price: $400,000 low | high Med: $112,000 sqft: 2,805 low | high Med: 1,530 $ / sqft: $143 low | high Med: $73 On site: 187 low | high Med: 148 | |
