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1511 N 16th St, Philadelphia, PA, 19121

$875,000

Home List Price

$10,000*

Closing Credit

0 Baths
4,698 SqFt
$186/SqFt
Multi
Schools Nearby

Location

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1511 N 16th St, Philadelphia$875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOn Street
Year Built1915
HeatingHot Water
CoolingCentral Air
MLS #PAPH2336776
Lot Size0.10 Acres
StatusActive
(ACTIVE)

About 1511 N 16th St

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 and requires full renovation. The 2nd and 3rd floor units are currently rented out. 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!

Property Details

Property Features

Property Information:

  • Architectural Style: Straight Thru
  • Year Built: 1915
  • Living Area: 4,698 SqFt

Listing Office:

  • Office Name: Mercury Real Estate Group
  • Office Phone: (215) 462-5100
  • Listing Agent: Van M Ha

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Dryer, Stove, Washer, Refrigerator

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Hot Water
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Benjamin Franklin High School, Public District Grades 9-12
  • General George G. Meade School, Public District Grades KG-8

Other

Directions Information:

  • Directions: On 16th street between oxford street and jefferson street

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $875,000
  • Price Per SqFt: $186/SqFt

Tax Information:

  • Annual Amount: $5,539
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$258.8K

Med. Price/SqFt

$196

Avg. Days On Market

50

# of Sold Homes

960

1511 N 16th St vs Philadelphia

35 DAYS ON ROCKET

-15 Days

$875,000

+$616.1K More

$186/SqFt

-$10 Less

KEY TAKEAWAY

This property is $616.1K more than the Median Sold Price and $10/SqFt less than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2336776

Listing Office:

  • Office Name: Mercury Real Estate Group
  • Office Phone: (215) 462-5100
  • Listing Agent: Van M Ha

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. 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. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 7:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 12, 2012Home Sold
$265,000
Sep 16, 2005Home Sold
$339,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,539 -
2019$6,403$742,800
2018$4,440$515,000
2017$4,440$515,000

History based on county public records data.

Payment Calculator

$4,435

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,690

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4921211
3
/10

  • General George G. Meade School

  • 1600 N 18th St

  • 0.20 miles

  • Public District Grades KG-8

High School

school-card-donut-4921212
2
/10

  • Benjamin Franklin High School

  • 550 N Broad St

  • 0.91 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $11,406. The most common annual income of people living in Philadelphia, PA is less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19121›1511 N 16th St

This home is located at 1511 N 16th St in Philadelphia, PA and zip code 19121 in the Lower North Philadelphia neighborhood. This 4,698 square foot home, which was built in 1915, sits on a 0.10 acre lot. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $875,000.

While more than 242 listings in Philadelphia, PA in April 2024 were sold above asking price, there were more than 216 listings sold at asking price, and more than 502 were sold below. The inventory of homes for sale in Philadelphia, PA between March 2024 and April 2024 increased by 9.8%. While the average time on the market in April 2024 was 50 days, the median list price was $258,806.

From Rocket Homes Real Estate and based on county public records data.

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