Photo of 5651 N 16th Street, Philadelphia PA
     
5651 N 16th Street
Philadelphia, PA 19141
19141 Logan Olney
The School District Of Philadelphia
Philadelphia County
Asking Price$229,900
# of Units2
2 Bdrm Units1
3 Bdrm Units1
Acres0.10
Interior SqFt2,000
Age100
HeatingNatural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic
Garages0
Taxes (2025)4,337

Description
Turnkey Duplex – Fully Occupied with Section 8 Tenants + Basement Studio Potential | $2,300 Gross Monthly Incom Excellent cash-flowing investment! This fully occupied legal multifamily duplex features two income-producing units with guaranteed Section 8 rental payments, offering immediate and stable returns. Plus, half of the basement presents a great opportunity to add a third unit - studio apartment which will maximize your ROI. Property Overview: Total Gross Monthly Income: $2,300 Section 8 Approved – Reliable, on-time payments Well-Maintained Building Separate Entrances for Each Unit Basement with Studio Conversion Potential Unit Breakdown: 1st Floor Unit: 2 Bedrooms, 1 Bathroom Spacious living area and eat-in kitchen Well-maintained with stable tenant in place 2nd Floor (3FL including) Unit: 4 Bedrooms, 1 Bathroom Ideal for larger families Bright, open layout with generous space and solid rental history A lot of parking space around the property! This property is perfect for both seasoned and first-time investors seeking reliable cash flow with value-add potential. Reach out today to schedule a showing or request a full rent roll and expense sheet.

Room Sizes

Location


Details
Architectural Type - Colonial
Basement - Stone
Exterior Features - Masonry
Cooling - Ceiling Fan(s), Window Unit(s), Electric
Heating - Hot Water, Natural Gas
Hot Water - Electric
Sewer - Public Sewer
Water - Public

Notes
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Assessment : 0
Latitude : 40.040279
Longitude : -75.147995
EveryHome Number : APH252-50808
Listing Courtesy Market Force Realty
Zoning Designation RSA5