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1900 S 16th St
Philadelphia, PA 19145
Multifamily Property For Sale
·
33 Units
Investment Highlights
- 2 blocks from the Constitution Health Plaza parking garage (357 spaces)
- Qualified Opportunity Zone
- All interior demo and environmental abatement has been completed
- Listed on Historic Register; significant historic tax credits available
Executive Summary
Zoning approvals provide several viable redevelopment paths, including a by-right plan for 45 residential units, an approved mixed-use concept featuring 33 units within the existing structure plus event space and visitor accommodations suited for short-term rental models, as well as additional density potential through new construction on the existing parking lot. These options offer flexibility for developers pursuing market-rate multifamily, boutique hospitality, or hybrid mixed-use strategies.
Property Facts
| Price Per Unit | $74,242 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.35 AC |
| No. Units | 33 | Building Size | 15,390 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1990 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RM1 | ||
| Price Per Unit | $74,242 |
| Sale Type | Investment |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 15,390 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Opportunity Zone |
Yes |
| Zoning | RM1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 33 | - | - |
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1900 S 16th St