Investor Alert! Go and show — Exceptional opportunity to acquire an 8-bedroom, 2-bath student housing property in one of Temple University's most established off-campus rental markets, currently vacant and immediately available, giving the next owner a clean slate to lease at current market rents or move forward with redevelopment plans without waiting on an existing lease term. The property has historically generated $52,800 in annual gross rental income, reflecting strong, proven demand in this corridor. With no tenant in place, an investor has full flexibility to re-lease at today's market rates, renovate, or pursue the property's value-add zoning potential right away. Located just steps from Temple University's main campus and within the Temple University Patrol Zone, the property benefits from one of Philadelphia's strongest student housing corridors, known for consistent tenant demand and long-term rental stability. A standout feature of this investment is its RM-1 zoning, allowing up to six units by right (subject to buyer due diligence), creating significant long-term value-add potential for future redevelopment or reconfiguration — an opportunity made easier by the property's current vacant status. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665178, PAPH2665182, PAPH2665180, PAPH2665184, PAPH2665188, PAPH2665192, PAPH2665196, PAPH2665198 and PAPH2665206
Listed By
Agency Name: BHHS Fox & Roach-Center City Walnut
Agency Phone: 2156276005
Shown By
Agency Title: Duffy Real Estate, Inc.
Agency Phone: 610-667-6655
Estimated Payment
$ 2,666.91 per month $2,109.94 Principal & Interest $428.67 Property Tax $128.30 Homeowner's Insurance
1846 N 16th Street | MLS# PAPH2665182
This townhouse located at 1846 N 16th Street, Philadelphia, PA 19121 is currently listed for sale with an asking price of $439,900. This property was built in 1915 and has 8 bedrooms and 3 full baths with 2784 sq. ft. N 16th Street is located in the TEMPLE UNIVERSITY subdivision within the PHILADELPHIA CITY school district. Search TEMPLE UNIVERSITY real estate on www.duffyrealestate.com today.