PRICE IMPROVED BY $499K: Owl's Nest Apartments @ Temple University. This best-in-class furnished apartment building with 69-beds has been renovated from top-to-bottom with excellent proximity to Philadelphia's largest university by enrollment, as well as the booming North Broad District, Fairmount and Francisville neighborhoods. With 28 units (1's, 2's and 3's) plus common amenities, Owl's Nest Apartments is poised to become a legacy asset at Temple — insulated by perennial rental demand in a high-growth / appreciating location. Located just a few blocks from Main Campus, as well as Septa's North Broad subway line, The Property boasts tremendous curb appeal and visibility. Each apartment is fully furnished—truly plug-and-play turnkey rentals. Amenities include study rooms, fitness center, Amazon dropbox and resident lounge. Utilities (and wifi) are included in the rent. Purchase this exceptional multifamily real estate in a Top-10 USA MSA. 10 year tax abatement (pay taxes based on assessed land value rather than improved value), low maintenance and operating costs. Enquire within for financials.
Listed by Ryan J McManus
·
License #RS316262
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Keller Williams Liberty Place
·
6106061095
Last updated November 05, 2025
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Source: BrightMLS #PAPH2432782
Listing Facts
TypeMulti-family
NeighborhoodNorth Central
Days on Prevu317
Taxes$11,198/year
Size21,120 sqft
Price per sqft$331
Location
Mortgage Calculator
Listing History
11/04/2025
Price Decreased
$6,999,999
03/08/2025
Price Decreased
$7,400,000
01/15/2025
Status changed to Active
$8,750,000
01/14/2025
Status changed to Removed from Feed
$8,750,000
01/09/2025
Status changed to Active
$8,750,000
01/08/2025
Status changed to Removed from Feed
$8,750,000
01/06/2025
Listed by Keller Williams Liberty Place
$8,750,000
Property Details for 1534 N 16TH Street
Exterior
Construction
New Construction: No
Number Of Units Total: 4
Property Condition: Excellent
Year Built: 1950
Architectural Style: Unit/Flat
Construction Materials: Masonry
Features
Other Structures: Above Grade
View: City
Waterfront: No
Measurements
Lot Dimensions Source: Estimated
Lot Features: Corner
Lot Size Acres: 0.16
Lot Size Dimensions: 40
Lot Size Source: Estimated
Lot Size Square Feet: 6,913
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 7.7
Taxes
Tax Annual Amount: $11,198.00
Tax Year: 2024
Interior
Features
Flooring: Luxury Vinyl Plank
Measurements
Living Area: 21,120
Living Area Source: Estimated
Other
Features
Accessibility Features: Ramp - Main Level
Location
Subdivision Name: TEMPLE UNIVERSITY
Tax Lot: 153
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Ductless/Mini-Split
Heating: Wall Unit
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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