7 months on rocket

1511 N 16th St, Philadelphia, PA, 19121

$699,999

Home List Price

$8,312*

Closing Credit

0 Baths
4,698 SqFt
$149/SqFt
Multi

Location

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1511 N 16th St, Philadelphia$699,999

Buyer Closing Credits

$8,312*

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 (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!

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

Other

Directions Information:

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

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,999
  • Price Per SqFt: $149/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

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

1511 N 16th St vs Philadelphia

238 DAYS ON ROCKET

+194 Days

$699,999

+$438.1K More

$149/SqFt

-$50 Less

KEY TAKEAWAY

This property is $438.1K more than the Median Sold Price and $50/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: 11/22/2024, 2:20:58 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

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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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.

Nearby Schools

school-card-donut-637877
2
/10

  • Kipp North Philadelphia Charter School

  • 2539 N 16th St

  • 1.07 miles

  • Public Charter Grades KG-6

school-card-donut-637878
1
/10

  • Richard R. Wright Elementary School

  • 2700 W Dauphin St

  • 1.28 miles

  • Public District Grades KG-5

school-card-donut-637879
6
/10

  • John Moffet Elementary School

  • 127 W Oxford St

  • 1.35 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $11,406. The majority of Philadelphia, PA residents have income less than $35k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

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 $699,999.

While more than 252 listings in Philadelphia, PA in October 2024 were sold above asking price, there were more than 237 listings sold at asking price, and more than 567 were sold below. The number of listings in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. In October 2024, listings were on the market for 44 days. During the same period, the median list price in this real estate market was $261,807.

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

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