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729 S 16TH Street

PHILADELPHIA, PA 19146
  • $850,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: PAPH2651564
UPDATED: 43 min ago
$850,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

Location, location, location recently updated turnkey ready 5 unit apartment building located in the heart of the Graduate Hospital Area. These types of buildings are rarely offered and highly sought after when they do go on the market. Many upgraded modern features including trendy exposed brick walls, solid maple kitchen cabinets, granite counter top, garbage disposals, ceramic tile kitchens and baths, coin operated laundry in the basement for additional income. This property is easy to manage and the apartments when they do become vacant literally rent themselves the building has a historically high occupancy rate due to its highly desirable location. Your tenants could walk to Rittenhouse Square, Filter Square, Center City and visit all the wonderful trendy restaurant and bars downtown Philadelphia has to offer. Can be purchased by itself or purchased together with the building next door at 731 S 16th for a total of 11 units

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©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Peak Asset Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-08-12T16:56:32.383.
www.zimmermanteam.com/homes/179206092
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729 S 16TH Street PHILADELPHIA, PA 19146

  • Price: $850,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 43 min ago
  • ID#: PAPH2651564
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1900
Built
Neighborhood:
Graduate Hospital
County:
Philadelphia
Area:
19146 (19146)
School District:
The School District Of Philadelphia
Property Description
Location, location, location recently updated turnkey ready 5 unit apartment building located in the heart of the Graduate Hospital Area. These types of buildings are rarely offered and highly sought after when they do go on the market. Many upgraded modern features including trendy exposed brick walls, solid maple kitchen cabinets, granite counter top, garbage disposals, ceramic tile kitchens and baths, coin operated laundry in the basement for additional income. This property is easy to manage and the apartments when they do become vacant literally rent themselves the building has a historically high occupancy rate due to its highly desirable location. Your tenants could walk to Rittenhouse Square, Filter Square, Center City and visit all the wonderful trendy restaurant and bars downtown Philadelphia has to offer. Can be purchased by itself or purchased together with the building next door at 731 S 16th for a total of 11 units
Exterior Features

Construction Materials Masonry Door Features Six Panel Garage YN No Location Type Downtown Lot Features Rear Yard Parking Types None Property Condition Good Road Responsibility City/County Road Surface Type Paved Roof Asphalt Soil Types Unknown View Street Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2460.00 Cooling Multi UnitsWindow Unit(s)Wall UnitCentral A/C Exclusions Coin operated washers and dryers Flooring LaminatedVinylCeramic Tile Heating Baseboard - ElectricForced Air Heating YN Yes Net Square Feet 2460.00 Security Features Fire Detection SystemMain Entrance Lock

Property Features

Acceptable Financing CashConventional Accessibility Features None Annual Gross Expense 73800.00 Central Air YN Yes Cooling Fuel Electric Cross Street Fitzwater Electric 200+ Amp Service Electric Expense 568.63 Foundation Details Stone Gross Income 73800.00 Heating Fuel Natural GasElectric Historic YN No Hot Water Natural Gas Insurance Expense 2910.20 Lease Considered YN No Maintenance Expense 2958.75 Municipality PHILADELPHIA Navigable Water YN N Net Operating Income 57116.90 New Construction YN No Number Of Units Total 5 Operating Expense 16683.10 Operating Expense Includes InsurancePest ControlRepair/MaintenanceSewerSnow RemovalTrashWater Original MLSNumber 805190209006 Ownership Interest Fee Simple Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 7338.00 Tax Lot 200 Total Actual Rent 73800.00 Trash Expense 500.00 Utilities Water AvailableSewer AvailablePhone AvailableNatural Gas AvailableElectric AvailableCable TV Available Vacation Rental YN No Water Source Public Year Built Effective 1989 Zoning RM1 Zoning Description Fully licensed five unit apartment building

Listing courtesy of Best City Homes Inc: .


©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Peak Asset Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-08-12T16:56:32.383.
 
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Peak Asset Realty
800 New Holland Ave Suite 271
Lancaster PA, 17602