Commercial > Multi-family / Apartments
Active
03/28/2024
List Price
$699,999$149/ft²
1511 16th St
Philadelphia, PA 19121
- 6Beds
- 4Baths
- 4,698ft²Living Area
- 4,356ft²Lot Size
- -Pool
- -Car
- 1915Year Built
- 93DOM
- 11Permits
1511 16th St, Philadelphia, PA 19121 is a 6 bed, 4 bath, 4,698 ft² multi-family/apartments property built in 1915 on a 0.100 acre lot with 11 construction permits. This multi-family/apartments is currently listed for $699,999, and it was last sold in 2012 for $265,000.
MLS Description
The listing agent's description. Original Listing
Welcome to this exceptional investment opportunity located in the vibrant Temple University area. This property consist of TWO BUILDINGS, a quadplex and a bonus building the back! The quadplex, located on 16th street has 4 units total. Three of the units are completely turnkey and consist of 4 bedrooms, 2 bathrooms, washer/dryer and central air in each unit. They are located on the 1st, 2nd and 3rd floors. The 4th unit is on the lower level and requires full renovation. The 2nd and 3rd floor units are currently rented out.
The BONUS building in the back, located on Sydenham street, can be transformed into a 4 unit building. Blueprints are already completed for the 4 unit, offering a clear vision for the potential of this space. Additional possibilities are an ADU or a spacious garage.
There is a lot of potential for these properties and the existing tenants will continue to provide cash flow while implementing your value-add.
Whether you are looking for a turnkey investment opportunity or a property with customization potential, this property offers both. Don't miss out on this chance to invest in one of Philadelphia's most dynamic neighborhoods. Schedule a showing today!
Listing Agents
The listing agent for 1511 16th St is Bay Ha.
BH
Bay Ha
Mercury Real Estate Group
Phone: (215) 462-5100
Permits
1511 16th St has 11 permit records.
Permit History
11
Permits
April 14, 2021
Description: For the erection of a two (2) stories addition to existing rear structure. Size and location as shown on the application plansStatus: issuedType: Zoning permitSub Type: New construction addition gfa changeBusiness Name: Toner Architecture INCApplicant: Unique Project ManagementEffective Date: 2021-04-14Permit Number: ZP-2020-009514
August 27, 2018
Description: Ez permit re-roofing- for the installation of new roof coverings on exiting roofs as per attached standard. Deviations from this standard will result in permit revocation and require submission of construction plans. ** no work to cornice or facade not changes to windows or exterior doors **Status: completeType: Alteration permitBusiness Name: Edward McgovernApplicant: Unique Project ManagementEffective Date: 2018-08-27Permit Number: 905462
August 10, 2017
Description: Make safe permit to comply with case #575547. Work to include removal and reconstruction of portions of the exterior masonry walls new joist at the floor/ceiling assembly and roof (less than 2/3 of joist will be replaced) and new windows in the existing openings. All work to be completed per engineer's plan report; prepared by trevor a henry pe. Separate permit required for any other proposed work and certificate of occupancy prior to occupancy of this structure. No other work authorized by this permit. Phc to review shop drawings for new windows/doors and masonry samplesStatus: completeType: Alteration permitBusiness Name: Siravo & Son IncApplicant: Unique Project ManagementEffective Date: 2017-08-10Permit Number: 786192
September 12, 2014
Description: Installation of new fire suppression system in accordance with nfpa 13r to include new backflow prevention system and 2 inch fire service line in existing three (3) story building as per plansStatus: completeType: Suppression permitBusiness Name: BM Consulting Services INCApplicant: Unique Project ManagementEffective Date: 2014-09-12Permit Number: 547446
June 25, 2014
Description: Install 400amp service 4-100 panels 1-60a panel complete wire & install 148 outlets 110 switches & install fire alarm & security as per nec 2008 & nfpa 72 (multi family)Status: completeType: Electrical permitBusiness Name: Allwire Electric LlcApplicant: Unique Project ManagementEffective Date: 2014-06-25Permit Number: 535572
May 21, 2014
Description: 8 toilets, 8 lavs, 8 showers, 4 kitchen sinks, 4 washer boxes, copper and pvc 4 hot water heaters (multi family)Status: completeType: plumbing permitBusiness Name: FRANCIS R DI GIACOMO JR; Frankie D & Benny G Plumbing &Applicant: Unique Project Management; 0Effective Date: 2014-05-21Permit Number: 531715
May 6, 2014
Description: Install 70, 000 btu gas furnace, 90% eff in basement, 1st fl 2 ton 13 seer heatpump, 2nd fl 2 ton 13 seer heatpump, 3rd fl 2 ton 13 seer heatpump. 4 dryer caps 2 high 2 midway on rear wall. Outdoor unit on concrete pad. 1 2 pvc direct vent termination on rear wall midway. No terminations on front wall as per historical approvalsStatus: completeType: Mechanical permitBusiness Name: Balance Point Heating & AirApplicant: Unique Project ManagementEffective Date: 2014-05-06Permit Number: 533913
March 10, 2014
Description: Interior alterations only. New interior partitions conversion to 4 family dwelling - cellar through 3rd floors new stairs and floor openings and framing fire rated enclosure fit outs upgrades to finishes kitchens bathrooms. Building to be fully sprinklered. Change of use/occupancy classifcation. Additional permits req: electrical plumbing HVAC sprinklers. Per phc : no changes to exterior no work-alterations to windows or doorsStatus: completeType: Alteration permitBusiness Name: David Schwartz Contracting LLCApplicant: Unique Project Management0Effective Date: 2014-03-10Permit Number: 522172
February 6, 2014
Description: Use permit for 4 apartments and one garageStatus: completeType: Use permitApplicant: Unique Project ManagementEffective Date: 2014-02-06Permit Number: 518249
April 4, 2013
Description: The demolition of rear carriage house wall and partial demolition of 1 story attached to main building at rear. The erection of a 2 story addition at rear of carraige houseStatus: completeType: Zoning/use permitApplicant: Unique Project ManagementEffective Date: 2013-04-04Permit Number: 460618
June 7, 2012
Description: Use to 8 aptsStatus: completeType: Zoning permitApplicant: Unique Project ManagementEffective Date: 2012-06-07Permit Number: 408305
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2023$8,058.75From latest Total Assessed Value0.82%Total Assessed Value$985,800=Land+
Assessed Value$0Additions
Assessed Value$0
In 2023, taxes billed for 1511 16th St were $8,058.75, which is 0.82% from latest Total Assessed Value of $985,800.
Property History
1511 16th St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 1511 16th St
Hazard Risks
Wind262Particulates117Weather113Hail111Hurricane106Tornado102Nat'l Avg100Air Pollution100Ozone95Carb Mono89Earthquake77Lead54
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 1511 16th St.
Walkability Index
16 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
1511 16th St has a walkability score of 16 out of 20, which means that it is in a very walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
27°F
High
42°F
Summer
Average
Low
65°F
High
85°F
In the winter at 1511 16th St, temperatures range from 27.15°F to 42.23°F with an average of 34.69°F. In the summer, the temperature ranges from 65.41°F to 84.61°F with and average of 75.01°F.
School Information
Public/private schools serving 1511 16th St
Public Schools
General George G. Meade School
Grades: KG-8
0.22 mi
D+
Benjamin Franklin High School
Grades: 9-12
0.90 mi
D-
Vaux Big Picture High School
Grades: 12-12
0.69 mi
D+
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 1511 16th St have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in Lower North Philadelphia, Philadelphia, PA 19121.
Seasonal Housing units 19121
1%of housing is for seasonal rent.
Daytime Population for 19121
-28%of people during work hours.
Boundary map of Lower North Philadelphia.
Crime Index for 19121
171
171
The crime index in 19121 is 171, which is 1.7 times higher than national average.
Market Trends
Historical market data near 1511 16th St over selected time period.
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