2233 N 16TH ST Philadelphia, PA 19132
1,964 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,964 sqft
Price per Sqft $213
Subdivision Philadelphia (North)
MLS Listing ID PAPH2615192
Style Traditional
Abv Grd Liv Area 1,964
Year Built 1915
Annual Tax Amount $1,026
Tax Year 2025
Lot Size 1,024 Sqft
Acres 0.02
Lot Dimensions 16.00 x 66.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
This property consists of two newly renovated bi-level units, each currently rented at $1,695 per month on year-to-year leases, generating a combined gross rental income of $3,390 per month and $40,680 annually.
Major improvements have already been completed, including new electrical, plumbing, and mini split systems providing efficient heating and cooling. Both units feature modern kitchens with shaker cabinetry and quartz countertops, updated bathrooms, laundry, and attractive contemporary finishes. With the renovations complete and tenants already in place, much of the heavy lifting has been done for the next owner.
Unit 1 is a bi-level unit offering 3 bedrooms and 3 full bathrooms, with exclusive access to the full basement, dedicated laundry, additional storage space, and private use of the rear yard. The flexible floor plan also allows the unit to function as a spacious 2-bedroom, 3-bathroom residence with the third room designated as a living room.
Unit 2 occupies the 2nd and 3rd floors and features 3 bedrooms and 3 full bathrooms. The main level welcomes you with a modern kitchen featuring quartz countertops, shaker cabinetry, and a convenient laundry closet equipped with a washer and dryer. Beyond the kitchen is the living area, first bedroom, and full bathroom. The 3rd floor offers two additional bedrooms and two bathrooms, providing excellent space and privacy.
For the investor looking to add a renovated multifamily property to their portfolio, 2233 N. 16th St delivers the combination that is increasingly difficult to find: TWO RENTED UNITS, IMMEDIATE CASH FLOW, MAJOR SYSTEM UPGRADES, MODERN FINISHES, AND LONG-TERM INCOME POTENTIAL.
The surrounding area continues to experience new construction and redevelopment, adding another compelling dimension to the property's long-term investment potential.
Why take on the time, expense, and uncertainty of renovating and then searching for tenants when you can acquire a renovated duplex that is already occupied and generating revenue?
Add 2233 N. 16th St to your portfolio and start collecting rent from day one. Schedule your private tour and see why this income-producing property deserves serious consideration.
Both units are tenant occupied. A minimum of 24-hour notice is required for all tours. Please do not disturb the tenants.
Location
State PA
County Philadelphia
Area 19132 (19132)
Zoning RM1
Rooms
Basement Full
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Ductless/Mini-Split
Equipment Refrigerator, Stove, Microwave, Washer, Dryer
Fireplace N
Appliance Refrigerator, Stove, Microwave, Washer, Dryer
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 1964
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 161066900
Ownership Fee Simple
SqFt Source 1964
Acceptable Financing Cash, Conventional, Exchange, FHA, FHA 203(b), VA
Listing Terms Cash, Conventional, Exchange, FHA, FHA 203(b), VA
Financing Cash,Conventional,Exchange,FHA,FHA 203(b),VA
Special Listing Condition Standard
Nearby Locations