#PAPH2509548, Robin Gill, Listing office: Realty Mark Associates
3537 N 16th St Philadelphia, PA 19140
Property details
About 3537 N 16th St
Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 6.3% cap rate. Welcome to 3537 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 immediately—a rare find in one of Philadelphia’s 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)
Highlights
(ACTIVE)
Summary
- Basement: Yes
- Parking: None
- Architectural Style: Straight Thru
- Heating: Central
- Cooling: Central Air
- List Price: $687,500
- Price/SqFt: $233
- Annual Tax Amount: $2,890
- Tax Year: 2023
- Directions: Take N 3rd St and Callowhill St to N Broad St., turn right onto N Broad St., and drive to N 16th St.
- Year Built: 2017
- Living Area: 2,940 SqFt
- Municipality: Philadelphia
- MLS Number: PAPH2463414
- MLS Name: BRIGHT
- Office Name: KW Empower
- Office Phone: (215) 627-3500
- Office Email: vicki@kwempower.com
- Listing Agent: Martin Rodriguez
- Agent Phone: (609) 226-9287
- Agent Email: martinro1911@kw.com
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Last updated on: 6/26/2025, 7:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$687,500
3537 N 16th St
$8,164
closing credit¹
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Price information
Property sales
Date | Event | Price |
---|---|---|
Jul 16, 2019 | Home Sold | $1,150,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $- | $2,890 |
2022 | $206,520 | $770 |
2021 | $- | $770 |
2020 | $362,100 | $770 |
2019 | $350,000 | $734 |
2018 | $350,000 | $734 |
History based on county public records data.
Nearby schools
2
Mastery Preparatory Elementary Charter School
Public Charter KG-4
0.4 mi
•1801 W Pike St
3
Mastery Charter School at Clymer
Public Charter KG-6
0.8 mi
•1201 W Rush St
1
Bayard Taylor Elementary School
Public District KG-5
0.9 mi
•3698 N Randolph St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $25,692. Residents of Philadelphia, PA typically earn less than $<35k each year. Most families are single, no kids. Most residents in this area have high school diploma education.
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Frequently asked questions
About 3537 N 16th St
The listing price of 3537 N 16th St property is $687,500.
The property 3537 N 16th St is a multi located in Philadelphia, Pennsylvania, 19140.
Active Listing: 3537 N 16th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3537 N 16th St are: Mastery Preparatory Elementary Charter School (GreatSchools Rating 2/10), Mastery Charter School at Clymer (GreatSchools Rating 3/10), Bayard Taylor Elementary School (GreatSchools Rating 1/10), Kenderton Elementary School (GreatSchools Rating 2/10), Mastery Charter School at Cleveland (GreatSchools Rating 3/10), Mary McLeod Bethune Elementary School (GreatSchools Rating 3/10), Multicultural Academy Charter School (GreatSchools Rating 6/10), Mastery Charter School at Gratz (GreatSchools Rating 3/10), Dobbins Avt High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $2,890 (source: MLS/based on county public records data).
The last sale was on July 16, 2019 for $1,150,000 (source: MLS/tax record).
The property 3537 N 16th St is 2,940 SqFt (source: MLS/tax record).
The year of construction for 3537 N 16th St is 2017.
This home is located at 3537 N 16th St in Philadelphia, PA and zip code 19140 in the Tioga neighborhood. This 2,940 square foot home was built in 2017. Features: 0 bathroom. It has been listed on Rocket Homes since June 17, 2025 and is currently priced at $687,500.
Between April and May 2025, Philadelphia, PA real estate market has seen increase in the number of listings by 40.9%. Listings spent 89 days on the market in May 2025, and had a median list price of $298,569 during the same period.