2 Locations

Investor Alert! 24-hour notice required for all showings. Offered together, 1706 & 1708 N. 16th Street present a rare opportunity to acquire two adjacent, fully stabilized multifamily assets totaling 11 units. Fully occupied and fully leased through July 2027, the portfolio offers immediate cash flow with significant built-in rental growth.

Currently generating $126,600 in annual gross rental income, the properties have executed leases in place increasing annual gross rental income to $130,800 beginning August 2026. With a combined NOI of $98,100 and an asking price of $1,299,800, this institutional-quality investment provides strong in-place returns and dependable long-term cash flow.

Together, the properties feature 17 bedrooms and 16 bathrooms across two spacious 4-bedroom student apartments and nine studio/one-bedroom units. The unique unit mix offers the best of both worlds—high-income student housing anchored by two large 4-bedroom apartments, while the remaining studio and one-bedroom units provide exceptionally stable rentability, broader tenant appeal, and reduced leasing risk.

Located just steps from Temple University in one of Philadelphia's strongest student housing corridors, this turnkey portfolio benefits from consistent tenant demand, professionally managed operations, and immediate cash flow with contractual rent growth already secured.