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OWL'S NEST @ TEMPLE UNIVERSITY 1534 N 16th St 28 Unit Apartment Building $9,569,349 CAD ($341,762 CAD/Unit) 7.70% Cap Rate Philadelphia, PA 19121
Investment Highlights
- BRAND NEW FURNISHED BUILDING
- PERENNIAL RENTAL DEMAND
- ACCESS TO TEMPLE UNIVERSITY MAIN CAMPUS
Executive Summary
PRICE IMPROVED BY $499K: Owl's Nest Apartments @ Temple University. This best-in-class furnished apartment building with 69-beds has been renovated from top-to-bottom with excellent proximity to Philadelphia's largest university by enrollment, as well as the booming North Broad District, Fairmount and Francisville neighborhoods. With 28 units (1's, 2's and 3's) plus common amenities, Owl's Nest Apartments is poised to become a legacy asset at Temple — insulated by perennial rental demand in a high-growth / appreciating location. Located just a few blocks from Main Campus, as well as Septa's North Broad subway line, The Property boasts tremendous curb appeal and visibility. Each apartment is fully furnished—truly plug-and-play turnkey rentals. Amenities include study rooms, fitness center, Amazon dropbox and resident lounge. Utilities (and wifi) are included in the rent. Purchase this exceptional multifamily real estate in a Top-10 USA MSA. 10 year tax abatement (pay taxes based on assessed land value rather than improved value), low maintenance and operating costs. Enquire within for financials.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$15,446,571,944
|
$731,371.78
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $15,446,571,944 |
| Annual Per SF | $731,371.78 |
Property Facts
| Price | $9,569,349 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $341,762 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.70% | Building Size | 21,120 SF |
| No. Units | 28 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | ||
| Zoning | RM1 | ||
| Price | $9,569,349 CAD |
| Price Per Unit | $341,762 CAD |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 21,120 SF |
| No. Stories | 4 |
| Year Built | 1950 |
| Zoning | RM1 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 482 |
| 2+1 | 13 | - | 504 - 650 |
| 3+2 | 14 | - | 621 - 862 |
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (82)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 881146641 | Improvements Assessment | $6,553,679 CAD (2026) |
| Land Assessment | $728,187 CAD (2026) | Total Assessment | $7,281,866 CAD (2026) |
Property Taxes
Parcel Number
881146641
Land Assessment
$728,187 CAD (2026)
Improvements Assessment
$6,553,679 CAD (2026)
Total Assessment
$7,281,866 CAD (2026)
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OWL'S NEST @ TEMPLE UNIVERSITY | 1534 N 16th St
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