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1242 N 16th Street

Philadelphia, PA 19121

– beds
– baths
4,256 sqft
1,900 sqft lot
$191 per sqft
2011 build

Rare Investment Opportunity in Francisville/Sharswood!! Discover one of the largest triplexes in the Francisville/Sharswood area, offering over 4,100 square feet of space and a coveted private 3-car parking setup. This 10-bedroom, 6-bathroom property is a standout with steady cash flow, excellent tax shelter benefits, and significant appreciation potential. Conveniently located near Temple and Girard Colleges, the property is fully rented, generating $57,000 annually, with the potential for even greater income when Units 2 and 3 become available for new leases in July. Each unit is designed for tenant convenience: Unit 1 features 2 beds/2 baths, while Units 2 and 3 each offer 4 beds/2 baths. The building features hardwood and tile throughout, stainless steel appliances, cherry oak cabinets, granite counters and 10-foot kitchen islands in Units 2 & 3. Built in 2011, the property has been impeccably maintained by the current owner, with tenants responsible for all utilities, including water fees. This is a rare chance to own a high-income-producing property in a prime location—don’t miss it!

Listing courtesy of BRIGHT / Redfin Corporation

Last checked: Checking… • Last updated Feb 7, 2025 •

MLS# PAPH2434356 —

The Building

Year Built:

2011
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Masonry, Brick
Building Units Total:

3
Structure Type:

Interior Row/Townhouse
Architectural Style:

Other
Accessibility Features:

None
Foundation Details:

Concrete Perimeter
Total SqFt Source:

Estimated
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

4104

Interior

Interior Features:

Wood Floors, Kitchen - Island
Flooring Type:

Hardwood, Tile/Brick
Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

4256
Living Area SqFt:

4,256 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Negotiable, Settlement

Location

Directions:

Use GPS- W Cabot St & N 16th St
Cross Street:

W Cabot St
Latitude:

39.97332764
Longitude:

-75.16255951

The Property

Property Subtype:

Triplex
Property Type:

Multi-Family
Lot Size Units:

Square Feet
Lot Size Acres:

0.04
Lot Size Source:

Assessor
Lot Size Dimensions:

50.00 x 38.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,900 Sqft
Inclusions:

Each unit has W/D. Units 2 & 3 total furniture includes: 2 couch's, 8 barstools, 2 end tables, 2 coffee tables 8 twin beds, 8 mattresses, 8 desks, 8 nightstands, 8 chairs, & 8 dressers.
Zoning:

RES
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

W50
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

471223500
Tax Year:

2025
Tax Lot:

143
Tax Annual Amount:

$10,915
Tax Assessed Value:

$779,800
Year Assessed:

2025
School Tax:

6112.0
City/Town Tax:

4802.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Central
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Appliances

Appliances:

Stainless Steel Appliances, Washer, Dryer

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Pool:

No Pool

Parking

Total Garage and Parking Spaces:

3
Garage:

No
Type of Parking:

Off Street
Off Street - # of Spaces:

3

Extra Units

Other Units:

Unit 1,Unit 2,Unit 3
Vacation Rental:

No
Units Furnished:

Some
Two Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/4/25 Feb 4, 2025	Listed / Active	BRIGHT	$815,000

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This multifamily located in Lower North, Philadelphia, PA 19121 is currently for sale for $815,000. 1242 N 16th Street is a 4,256 square foot multifamily with – beds and – baths. 1242 N 16th Street is in the Lower North neighborhood of Philadelphia and has a WalkScore® of 82, making it very walkable. This multifamily is in the attendance area of Gen. George G. Meade School and Vaux Big Picture High School.

Listing Courtesy of: BRIGHT and Redfin Corporation.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.