1706 N 16th Street • Philadelphia, PA 19121

$699,900 Beds: 0 • Baths:Sq. Feet: 0 • MLS ID: PAPH2639554 • Subdivision: TEMPLE UNIVERSITY • School Dist: THE SCHOOL DISTRICT OF PHILADELPHIA
Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional 5-plex offers immediate cash flow and strong long-term upside. Currently generating $66,660 in annual gross rental income starting August 2026 gross rental income increases to $68,400. This income-producing asset is an outstanding opportunity for investors seeking stable returns and dependable cash flow. The property consists of 5 spacious student housing units totaling 8 bedrooms and 8 bathrooms: Unit 1: 4 bed / 4 bath Current Rent $2600 Future Rent Starting August 1st $2600
 Unit 2: 1 bed / 1 bath Current Rent $725 Future Rent Starting August 1st $750 Unit 3 Studio/ 1 bath Current Rent $775 Future Rent Starting August 1st $800 Unit 4 1 bed / 1 bath Current Rent $750 Future Rent Starting August 1st $800 Unit 5 Studio/ 1 bath Current Rent $700 Future Rent Starting August 1st $700 This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2631578, PAPH2631596, PAPH2632718, PAPH2632744, PAPH2635058, PAPH2635078, PAPH2637494, PAPH2637506, PAPH2637526, PAPH2637534 PAPH2638432, PAPH2638436, PAPH2639290 PAPH2639294, PAPH2639300, PAPH2639390, PAPH2639516 and PAPH2639518 View this listing at: http://www.gretchenraad.com/mls=PAPH2639554

Property Features

  • Taxes: $4,549
  • Exterior: Brick,Brick Front
  • Lot Size: 0.04 Acres
  • Lot Dimensions: 0.04 Acre(S)
  • Heating: Baseboard - Electric,Forced Air
  • Fuel Type: Electric
  • Cooling: Central A/C,Window Unit(s)
  • Year Built: 1915
  • Water: Public
  • Sewer: Public Sewer
  • Municipality: PHILADELPHIA
  • Total Garage/Parking Spaces: 0

School Information

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Printed June 24, 2026


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Agent License Information: 
Licensed in Pennsylvania
Gretchen Raad 

215 S. Centerville Road, Lancaster, PA 17603
717-393-0100