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3537 N 16th St, 
Philadelphia, PA 19140

$649,950


6

Beds


Bath


2,940

Sq Ft


Multi-Family

Active

Listed by

Martin Rodriguez

Kw Empower, vicki@kwempower.com

Last updated:

May 21, 2026, 01:41 PM

MLS#

PAPH2595798

Source:

BRIGHTMLS

About This Home

3537 N 16th St

This triplex comes with 9 years left of the full tax abatements; the abatement was never applied when the building was originally bought. The taxes are $1,875 a year and the abatement will run for ten years. The seller’s expediter worked with the city to apply the abatement last year which will run for the next nine years. Investment Special for 6 units, with the purchase of both buildings, and from a benefit of 7% 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: $649,950 Rental: $1,400 per unit (3 units), ** 3537 N. 16th St. List Price: $649,950 Rental: $1,400 per unit (3 units)

Home Facts

Multi-Family

6 Bedrooms

Built in 2017

Price Summary

649,950

$221 per Sq. Ft.

MLS #:

PAPH2595798

Last Updated:

May 21, 2026, 01:41 PM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6


Structure

Structure

Architectural Style:

Straight Thru

Building Area:

2,940 Sq. Ft.

Year Built:

2017


Finances & Disclosures

Finances

Price:

$649,950

Price per Sq. Ft:

$221 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Bright Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.