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2538 N 16th St, Philadelphia, PA 19132

$266,000
: 5
BD
: 3
BA
: 1,590
SqFt

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Sold Price: $266,000
List Price: $287,000
Closing Date: Feb 24, 2026
Days on Market: 86
Status: CLOSED
MLS#: PAPH2505962
Bedrooms: 5
Bathrooms: 3
Full Baths: 3
Living Area: 1,590
Lot Size (Acres): 0.02
Style: Traditional
Year Built: 1915
County: Philadelphia
School District: Philadelphia City

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Property Description

Investment Property with Strong Cash Flow Fully rehabbed 5-bedroom, 3-bath property is a prime investment opportunity. With a long-term tenant in place paying $3307.50/month, and a scheduled 5% rent increase on July 1st, 2025 (and annual 5% increases thereafter). This property offers excellent income stability and growth potential. The home features modern renovations throughout, including updated kitchens and bathrooms, new flooring, and upgraded systems—ideal for investors seeking a low-maintenance, high-yield asset. This is a rare chance to acquire a cash-flowing property.

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Additional Information

Area: 19121 (19121)
Subdivision: None Available
School District: Philadelphia City
Heating: Forced Air
Cooling: Ceiling Fan(s)
Water: Public
Sewer: Public Sewer
Basement: Other