Listed by KW Realty Devon-Wayne
$439,900
1846 North 16th Street
Details
Property Type Multifamily
Sub Type Student Housing, Single Family Rental Portfolio
Square Footage 2,784
Cap Rate 9%
NOI $39,600
Investment Type Value Add
Multifamily | 9.00% CAP | Student Housing Temple University
Marketing description
Exceptional opportunity to acquire an 8-bedroom, 2-bath student housing property in one of Temple University's most established off-campus rental markets.
Located just steps from Temple University's main campus and within the Temple University Patrol Zone, the property benefits from one of Philadelphia's strongest student housing corridors, known for consistent tenant demand and long-term rental stability.
A standout feature of this investment is its RM-1 zoning, allowing up to six units by right (subject to buyer due diligence), creating significant long-term value-add potential for future redevelopment or reconfiguration.
Investment highlights
- Grandfathered 6-unit zoning — rare designation in this area, strong by-right value-add potential
- 8 bd / 2 ba, 2,784 sq ft — high income-per-square-foot potential
- Roof deck — a major differentiator driving strong tenant demand
- Located in high-demand Temple housing corridor
- Package option available with neighboring assets
Listing Contacts
Listed by KW Realty Devon-Wayne
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$39,600.00
$3,300.00/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
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