417 S 16TH ST, Philadelphia, PA 19146
417 S 16TH ST, Philadelphia, PA 19146
417 S 16TH ST, Philadelphia, PA 19146
417 S 16TH ST, Philadelphia, PA 19146
417 S 16TH ST, Philadelphia, PA 19146
417 S 16TH ST, Philadelphia, PA 19146
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Gregory & Stephanie Ireland

Gregory & Stephanie Ireland

+1(202) 550-0018
Listed by Elizabeth Convery • Compass Pennsylvania, LLC
$ 825,000
Est. payment | /mo

2,472 SqFt


Save
$ 825,000
Est. payment | /mo
Save

2,472 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,472 sqft

Price per Sqft $333

Subdivision Rittenhouse Square

MLS Listing ID PAPH2665210

Style Traditional

Abv Grd Liv Area 2,472

Year Built 1800

Annual Tax Amount $13,040

Tax Year 2026

Lot Size 1,056 Sqft

Acres 0.02

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Rare opportunity to acquire a legal triplex in the heart of Center City, just steps from Rittenhouse Square and some of Philadelphia's best restaurants, shops, parks and everyday conveniences. Whether as a pure investment or an owner-occupant opportunity to live in one residence while generating rental income from the other two, 417 S. 16th Street offers an attractive combination of immediate income and long-term upside.

The property is configured as three distinct residences: a vacant 2-bedroom, 1-bath apartment on the first floor; a 2-bedroom, 1-bath bi-level apartment on the second floor; and a 1-bedroom, 1-bath apartment on the third floor. Each residence offers the highly desirable convenience of in-unit laundry. The upper-floor apartments are exceptionally well cared for, with abundant natural light, hardwood floors and inviting living spaces, while the recently painted first-floor unit is ready for immediate occupancy, leasing or future improvements.

The property has enjoyed a history of long-term tenancy, while current rents provide a new owner with an opportunity to capture additional income as leases roll over. The second-floor residence is currently leased at $1,850/month through December 2026, and the third-floor residence is leased at $1,450/month through February 2027. The vacant first-floor residence was most recently leased to a long-term tenant for $1,900/month.

With the first-floor residence currently vacant, a new owner has immediate flexibility: lease the unit at market, improve it to maximize future rent, or make it their own while collecting income from the two occupied apartments above.

Legal triplex. Strong rental history. Three apartments with in-unit laundry. Exceptional location. Immediate income with room to grow.

Location

State PA

County Philadelphia

Area 19146 (19146)

Zoning RM1

Interior

Hot Water 60+ Gallon Tank

Heating Radiator

Cooling Central A/C

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Foundation Brick/Mortar

Above Ground Finished SqFt 2472

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Greenfield Albert

School District Philadelphia City

Others

Tax ID 081155600

Ownership Fee Simple

SqFt Source 2472

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Go tour this home

417 S 16TH ST

Gregory & Stephanie Ireland

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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