Multi-family report

417 S 16th St

3 stories · 2,472 sqft · RM1 · built 1800

Absentee individual · assessed $932K · 3 licensed units · sold 4×. On the 400 block of S 16th St.

Street view of 417 S 16th St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

What stands out

From the public record

What to do with this

The record, translated into moves — what a buyer, the owner, and a landlord would each want to check next under Philadelphia's actual rules.

If you’re buying

Built 1800: lead rules apply

Federal law requires a lead-paint disclosure at sale for any pre-1978 home. If it will be rented, Philadelphia also requires a lead-safe or lead-free certificate before a rental license can issue.

If you own it

3 open violations: the clock matters

L&I appeals must be filed within 30 days — just 6 days if a property is designated UNSAFE or IMMINENTLY DANGEROUS. Left unresolved, the city can do the work itself, bill the owner (routinely $50,000+ on a rowhouse), lien the property, and add court fines of $300+/day.

If you’re the landlord

Lead certificate is not optional

Built 1800: every rental unit needs a lead-safe or lead-free certificate on file with the City. Without one: fines up to $2,000/day per unit, tenants may withhold rent, courts can order rent refunded — and no eviction will stand.

Licensed rental — keep it that way

Renewal requires city tax clearance and zero open L&I violations on the property. A lapsed license suspends the right to collect rent or evict.

Derived from this house's public records and the city's rules as of 2026 (abatement ordinance, Homestead, rental licensing, lead certification, L&I process, excavation protections). Informational only — not legal, tax, or investment advice.

The investment read

How this building has moved and where it's pointed: the city's assessed value (not a listing price) over 12 years, charted against its block; appreciation is that history's pace, and the 5-year figure simply extends it. Yield estimates rent-vs-price from area rents. Ask the record to dig into any number.

Assessed value
$932K
built 1800
Price / sq ft
$377
block $383 · in line w/ block
Appreciation
+55%
+4%/yr, city 6.5%
In 5 years (~2031)
~$934K
+4%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$13K
1.4% effective
Gross yield
2.3%
≈$2K/mo rent
Times sold
4
licensed rental

Value vs. the block, over time — sales, permits & L&I events marked on the line

$0$1.0M$2.0MBefore this chart — 2001: Sold $155K 2004: Sold $445K 2013: Sold $600K 2013: L&I violation 2013: L&I: 2 failed, 1 passed 2014: Sold $700K2023: 2 L&I violations 2023: Inspection failed ×32025: 6 L&I violations 2025: L&I: 5 failed, 3 passed2026: 3 L&I violations 2026: Inspection failed ×5$932K201620222027
This houseBlock median & rangeL&I violationPermit

The paper trail

Traded 4×: $155K in 2001 → $700K in 2014 (+351%).

  1. 2001 $155KSold
  2. 2004 $445KSold
  3. 2013 $600KSoldL&I violationL&IL&I: 2 failed, 1 passedL&I visit
  4. 2014 $700KSold
  5. 2023 2 L&I violationsL&IInspection failed ×3L&I visit
  6. 2025 6 L&I violationsL&IL&I: 5 failed, 3 passedL&I visit
  7. 2026 3 L&I violationsL&IInspection failed ×5L&I visit

Flags: active rental license · 3 open L&I violations. Informational only — not investment advice or a consumer report (FCRA).

The house, on paper

The city assessor's field record — the physical spec sheet behind the assessed number.

Stories
3
Interior
2,472 sqft
livable area
Lot
1,056 sqft
Exterior condition
Above average
city code 3
Interior condition
Above average
city code 3
Quality grade
B-
assessor's grade
Zoning
RM1
city zoning code

OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.

Run the numbers

What owning 417 S 16th St takes, at your price and your rate. Taxes are this building's actual bill from the city record; rent starts at 3 licensed units × ~85% of the area's median unit rent — the whole building's income, not one unit's. Assessed value is not an asking price — set the price slider to the real one.

$932K
20%
6.875%
$5K/mo

When this house last sold (2014) a 30-year mortgage ran about 4.17% — Freddie Mac's average that year.

Mortgage
P&I · 30-yr fixed
All-in monthly
+ taxes & insurance
Cash to close
down + ~4% costs
Cash flow
rent − all costs · /mo
Cap rate
NOI ÷ price
Cash-on-cash
year-1 return on cash in

Estimates for orientation, not advice. Assumes a 30-year fixed loan, $2,100/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record.

Block context

417 S 16th St sits on the 400 block of S 16th St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 415 S 16th St  ·  419 S 16th St

Where this comes from

Methodology & freshness

City datasets are fetched live from OpenDataPhilly (phl.carto.com) and cached briefly. Dossiers re-pull automatically — on view once they're a few weeks old, plus a nightly rolling sweep — and citywide benchmarks recompute weekly. AI-written passages are generated from these records only and rejected if they state a number the record doesn't hold.

Official city record ↗  ·  L&I history ↗  ·  See the whole block  ·  Download this record (JSON)