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1534 N 16TH StreetPhiladelphia, PA 19121

For Sale

$6,999,999

Smart Buyer Rebate $70,000

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

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License #RS316262

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Keller Williams Liberty Place

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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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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.