N 16th, 19140- Tioga | RSA-5 Zoning | Heavy Rehab | Multi-Family Potential

Tioga | RSA-5 Zoning | Heavy Rehab | Multi-Family Potential
xx41 N 16th St, Philadelphia, PA 19140
 

ATTENTION INVESTORS & DEVELOPERS!
Here’s a heavy-rehab opportunity in Tioga offered at a low entry price with strong upside potential. This approximately 1,500 SF rowhome shell is vacant and requires a full gut renovation, with possible duplex conversion and multi-family potential. Located around the corner from Temple Hospital, the property offers an attractive opportunity for investors looking for a value-add project in 19140.

🏗 Property Details:

• 2 Bedrooms
• 2 Bathrooms
• Approx. 1,500 SF
• Vacant rowhome shell
• Full gut renovation required
• Possible duplex conversion
• Multi-family potential
• Cash or Hard Money

📍 Zoning:

RSA-5 Residential Zoning

📈 Comparable Sales:

• Renovated single-family rows in 19140, ranging from 1,200–1,800 SF, have closed at a $220,000 median over the last 6 months based on 6 MLS comps, ranging from $167,700–$265,000.
• 3815 N 16th St — same street — closed for $190,000 in March.
• Multi-family renovated comps can reach $400K+.

💡 Potential Exit Strategies:

• Single-Family Renovation
• Complete the full gut renovation and resell as a renovated single-family home.
• Duplex Conversion
• Explore the potential to convert the property into a duplex, subject to zoning and permitting verification.
• Multi-Family Development
• Capitalize on the property's multi-family potential and strong surrounding comps.

🔥 Why This Property:

• Vacant property
• Low $65K entry point
• Approx. 1,500 SF
• Full-gut opportunity
• Possible duplex conversion
• Multi-family upside
• Near Temple Hospital
• Strong renovated sales in 19140
• Same-street comparable closed at $190K

📞☎️ Call or text our team at: 215-395-6211

Showings and property walkthroughs by Appointment Only – Serious, Qualified Buyers Only.

⚠️ IMPORTANT: This is an assignment of a purchase contract, not a direct property sale. Buyer is responsible for conducting their own due diligence. All information is believed accurate but not guaranteed.