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3527 N 16th St, Philadelphia, PA, 19140

1beds
9baths
2,805sqft
$400,000
$143price/sqft
$3,201/moest. monthly cost
$128,040/yrincome needed

About This Home

3525 and 3527 North 16th Street. Exceptional opportunity to acquire one or both of these side-by-side properties, currently configured as a six-unit and a nine-unit multifamily package. These properties can be purchased individually or together, offering flexibility for investors seeking scale, value-add potential, or long-term appreciation in a rapidly developing corridor. Positioned just two blocks from Temple University Hospital and surrounding educational and medical facilities, the location benefits from consistent rental demand driven by healthcare professionals, students, and workforce housing needs. The area is experiencing continued growth and reinvestment, supported by its proximity to major institutions and transportation routes. Both buildings are attached twins and are currently operating as multifamily assets with studio and one-bedroom units. This presents a compelling opportunity for an investor to pursue proper zoning, licensing, and repositioning strategies to unlock additional value. Each property offers strong fundamentals with multiple units in place, making this an ideal value-add investment with upside through stabilization, rent growth, and regulatory alignment. Whether acquired individually or as a portfolio, 3525–3527 N 16th Street represents a rare chance to secure scale and potential in a high-demand North Philadelphia submarket. The use is currently non-conforming. Buyer shall assume full responsibility for obtaining any required use registration, licensing, and certifications.

Getting Around

87
WalkingVery Walkable
80
TransitExcellent Transit
54
BikeBikeable

Schools

3/10
1/10
Dobbins Avt High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Stone
  • Construction materials: Masonry

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 9

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Window Unit(s),Electric

Interior Area

  • Total structure area: 2,805
  • Total interior livable area: 2,805 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 112199700
  • Zoning: RSA3
  • Special condition: Standard

Features

  • Pool features: None

Lot

  • Lot size: 4,206 sqft
  • Lot size dimensions: 37.00 x 114.00

Parking

  • Total spaces: 1
  • Parking features: Driveway
  • Has uncovered spaces: Yes
  • Uncovered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters Across Pennsylvania Counties

Flood
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,022$24,264
Home Insurance *$496$5,952
Property Taxes $376$4,512
Electricity $307$3,693
Total$3,201$38,412
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$109,748/yr
40% on housing$96,030/yr
45% on housing$85,360/yr

Pennsylvania FAIR Plan Programs

Insurance Placement Facility of Pennsylvania/FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,982Commercial: 984
Total Premiums$5.34M
Total Exposure$1.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.5%
5.5%
0%30.0%
Electricity Growth Rate10-year average: 8.4%
8.4%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$143This listing

vs Other Active Listings

Avg $/sqft

ZIP 19140$93
Philadelphia County$162

vs Homes Sold Last Month

Median $/sqft

ZIP 19140$126
Philadelphia County$236

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-06Listed for sale$450,000
2006-04-08Sold$150,000
2000-11-29Sold$18,988

For Sale by Agent

AgentSteven Onesti
BrokerageKW Empower

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