Introducing a prime investment opportunity at 913 N 16th St, Philadelphia, PA 19130, a legal four-unit building with the potential to convert the garage into a fifth unit, promising an impressive income potential based on the 2023 Section 8 rent schedule with a combined monthly income of $12,000 (3BR Units at $3,408, 2BR Units at $2,820, 1BR Units at $2,353, and an estimated Garage conversion at $600). This property is fully furnished, offering a turnkey solution for immediate rental, ideal for corporate rentals or short-term stays through platforms like Furnished Finder. Its strategic location in one of Philadelphia’s vibrant neighborhoods, close to amenities, public transportation, and city attractions, makes it an appealing choice for tenants and a lucrative option for investors. With multiple income strategies, including traditional leasing and corporate rentals, this property is designed for those looking to maximize their investment with a robust return. The opportunity to add a fifth unit by converting the garage further enhances its revenue potential, making 913 N 16th St a standout investment in the Philadelphia rental market.
Sold
$1,200,000
913 N 16th St, Philadelphia, PA 19130
9beds
--baths
4,608sqft
Townhouse
Built in 1915
-- sqft lot
$-- Zestimate®
$260/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: September 23, 2024 at 02:22pm
Listed by:
Blake Lam 267-221-0988,
Canaan Realty Investment Group
Bought with:
Casey Lebarron, RS297125
Keller Williams Real Estate - Newtown
Source: Bright MLS,MLS#: PAPH2321054

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
Basement
- Area: 0
Heating
- Hot Water, Natural Gas
Cooling
- Central Air, Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 4,608
- Total interior livable area: 4,608 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage Door Opener, Detached
- Garage spaces: 3
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 2,051 sqft
- Dimensions: 18.00 x 119.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 471210100
- Zoning: RM1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Straight Thru
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Permanent
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Services availability

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