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28055843
28055844

1534 N 16th St, Philadelphia, PA 19121

AP
PA Pennsylvania RS316262, NJ NJ 2190813
The Oceanside Realty Team
Listed by The Oceanside Realty Team
$6,999,999
554 days on market
Updated 46 days ago

OWL'S NEST @ TEMPLE UNIVERSITY

Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 21,120
Units 28
Beds 69
Cap Rate 7.64%
NOI $535,000
Price per SqFt $331
Class A
Year Renovated 2024
Buildings 1
Stories 4
Investment Type Stabilized

Multifamily | 28 Units | $250,000/unit

Marketing description

PRICE IMPROVED BY $499K: Owl's Nest Apartments @ Temple University. This best-in-class furnished apartment building with 69-beds has been renovated from top-to-bottom with excellent proximity to Philadelphia's largest university by enrollment, as well as the booming North Broad District, Fairmount and Francisville neighborhoods. With 28 units (1's, 2's and 3's) plus common amenities, Owl's Nest Apartments is poised to become a legacy asset at Temple — insulated by perennial rental demand in a high-growth / appreciating location. Located just a few blocks from Main Campus, as well as Septa's North Broad subway line, The Property boasts tremendous curb appeal and visibility. Each apartment is fully furnished—truly plug-and-play turnkey rentals. Amenities include study rooms, fitness center, Amazon dropbox and resident lounge. Utilities (and wifi) are included in the rent. Purchase this exceptional multifamily real estate in a Top-10 USA MSA. 10 year tax abatement (pay taxes based on assessed land value rather than improved value), low maintenance and operating costs. Enquire within for financials.

Investment highlights

  • TEMPLE UNIVERSITY — PHILLY’S LARGEST UNIVERSITY BY ENROLLMENT

  • YEAR 2 RENTAL UPSIDE

  • PROMINENT CORNER PROPERTY

  • FURNISHED STUDENT-HOUSING ASSET

Listing Contacts

AP
PA Pennsylvania RS316262, NJ NJ 2190813
The Oceanside Realty Team
Listed by The Oceanside Realty Team

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$535,000.00
$44,583.33/mo

Valuation Metrics

0
DSCR
7.64%
Cap Rate
7.64%
ROI

Map

Zoning

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RM1 ResidentialMulti FamilyResidential Multifamily
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Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Agent PHL
License
Pennsylvania RS316262
Brokerage Phone
6106061095
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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