1511 North 16th Street

Philadelphia, PA 19121

$699,999
Price
Beds
4,698 Sq. Ft.
$149 / Sq. Ft.
4,698
Sq. Ft.
$149
per Sq. Ft.

Description

Welcome to this exceptional investment opportunity located in the vibrant Temple University area. This property consist of TWO BUILDINGS, a quadplex and a bonus building the back! The quadplex, located on 16th street has 4 units total. Three of the units are completely turnkey and consist of 4 bedrooms, 2 bathrooms, washer/dryer and central air in each unit. They are located on the 1st, 2nd and 3rd floors. The 4th unit is on the lower level (basement) and requires full renovation to turn into another...Welcome to this exceptional investment opportunity located in the vibrant Temple University area. This property consist of TWO BUILDINGS, a quadplex and a bonus building the back! The quadplex, located on 16th street has 4 units total. Three of the units are completely turnkey and consist of 4 bedrooms, 2 bathrooms, washer/dryer and central air in each unit. They are located on the 1st, 2nd and 3rd floors. The 4th unit is on the lower level (basement) and requires full renovation to turn into another unit. The 2nd floor unit is currently rented out for $2,150. The BONUS building in the back, located on Sydenham street, can be transformed into a 4 unit building. Blueprints are already completed for the 4 unit, offering a clear vision for the potential of this space. Additional possibilities are an ADU or a spacious garage. There is a lot of potential for these properties and the existing tenants will continue to provide cash flow while implementing your value-add. Whether you are looking for a turnkey investment opportunity or a property with customization potential, this property offers both. Don't miss out on this chance to invest in one of Philadelphia's most dynamic neighborhoods. Schedule a showing today!
  1. Listed by Van M Ha • Mercury Real Estate Group
    P: (215)-806-9196 xbayha@gmail.com

Property Details for 1511 North 16th Street

Tax ID Number
471216100
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Straight Thru
Waterfront
No
Garage
No
Cross Street
JEFFERSON
Municipality
PHILADELPHIA
LISTING UPDATED: 10/11/2024 06:24 PM

Property Details for 1511 North 16th Street

StatusActive
MLS #PAPH2336776
Days on Market241
Taxes$8,058 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1915
Lot Size0.10 AC / 4,148 SF
CountyPhiladelphia County

Building Information for 1511 North 16th Street

Stories-Residences4Year Built1915Building Size-Lot Size0.10 AC / 4,148 SF

Property Information for 1511 North 16th Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19121 (19121)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $575,707
  • Year Assessed: 2024
  • Improvement Assessed Value: $378,547
  • City Town Tax: $3,545
  • Land Assessed Value: $197,160
  • Clean Green Assessed: No
  • Land Use Code: U50
  • Zoning: RM1
  • Tax Lot: 66
  • School Tax: $4,512
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Rent Control: No
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 4,698.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 24.00 x 173.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1220795
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: Yes
  • Fireplaces Count: 1
  • Appliances: Built-In Microwave, Dishwasher, Dryer, Stove, Washer, Refrigerator
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Electric Available, Sewer Available, Water Available
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 1511 North 16th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1511 North 16th Street

Taxable ValueLand-Additions-Total-
Tax Record2023$8,059 ($672 / month)
Home Facts
Total Finished SqFt4,698 SqFtAbove Grade Finished SqFt4,698 SqFtStories3Lot Size4,148 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningRM1CountyPHILADELPHIAAPN47-1-2161-00Fireplace TypeHas Fireplace

Schools near 1511 North 16th Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 7 to 12
Public - 9 to 12
Rating
School
Distance
Meade Gen George C School
PublicPK to 8

Vaux HS: A Big Picture School
Public9 to 12

Carver High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1511 North 16th Street is a multi-family home for sale in Philadelphia, PA 19121. This property was listed for sale on March 28, 2024 by Mercury Real Estate Group, it's currently listed at $699,999. It has been on the market for a total of 241 days and was last sold on July 28, 2005. This listing's school district is The School District of Philadelphia. Nearby schools include Meade Gen George C School, Vaux HS: A Big Picture School and Carver High School. 1511 North 16th Street is a 0-bed, 0-bath, 4,698 sqft multi-family home built in 1915.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mercury Real Estate Group

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.