5651 N 16TH ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19141
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $124
MLS Listing ID PAPH2525778
Style Colonial
Abv Grd Liv Area 2,000
Year Built 1925
Annual Tax Amount $4,337
Tax Year 2025
Lot Size 4,186 Sqft
Acres 0.1
Lot Dimensions 46.00 x 91.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Turnkey Duplex – Fully Occupied with Section 8 Tenants + Basement Studio Potential | $2,300 Gross Monthly Income
Excellent cash-flowing investment! This fully occupied legal multifamily duplex features two income-producing units with guaranteed Section 8 rental payments, offering immediate and stable returns. Plus, half of the basement presents a great opportunity to add a third unit - studio apartment which will maximize your ROI.
Property Overview:
Total Gross Monthly Income: $2,300
Section 8 Approved – Reliable, on-time payments
Well-Maintained Building
Separate Entrances for Each Unit
Basement with Studio Conversion Potential
Unit Breakdown:
1st Floor Unit:
2 Bedrooms, 1 Bathroom
Spacious living area and eat-in kitchen
Well-maintained with stable tenant in place
2nd Floor (3FL including) Unit:
4 Bedrooms, 1 Bathroom
Ideal for larger families
Bright, open layout with generous space and solid rental history
A lot of parking space around the property!
This property is perfect for both seasoned and first-time investors seeking reliable cash flow with value-add potential. Reach out today to schedule a showing or request a full rent roll and expense sheet.
Location
State PA
County Philadelphia
Area 19141 (19141)
Zoning RSA5
Interior
Hot Water Electric
Heating Hot Water
Cooling Ceiling Fan(s),Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 172125300
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard