Overview
Investor Alert! 24-hour notice required for all showings. Currently operating as a 6-bedroom, 2.5 bath rental, the property generates $4,200 per month ($50,400 gross annual income) and is fully leased through July 2027, providing investors with stable, predictable returns from day one. This property is that it is a legal six-unit rooming house with grandfathered zoning rights, making it a 6-unit building by right. This designation creates significant future value-add potential for the next owner. Subject to buyer due diligence. The property benefits from its premier location just steps from…
Listing updated: August 9, 2026 at 8:21 PM
Listed by:
Michael Coleman (484) 942-6266, Keller Williams Realty Devon-Wayne, Co-Listing Agent: Danielle Redenbaugh (267) 614-3971, Keller Williams Realty Devon-Wayne
Source: Bright MLS · MLS #PAPH2637506
Property details
Your cost estimate
Est. monthly payment
Down payment
Based on $79,980 down (20% of list price), 6.85% interest rate, 30-year fixed. Insurance is an estimate. Actual costs may vary.
Rates provided by Mable Loans.
Price history
| Date | Event | Price |
|---|---|---|
| Aug 9, 2026 | Under contract | $399,900 |
| Jun 17, 2026 | Listed for sale | $399,900 |
Location
1844 N 16th Street, Philadelphia, PA 19121
Est. monthly payment
at 20% down · $399,900 list
Tour for free, no strings attached
Mable Loans · Equal Housing Lender
NMLS #1949497
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This home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors.
Nearby homes
$2,750/mo
Est. · $399,900 list