$ 950,000
-
$950,000
Price -
7
Bed -
6
Bath -
3,460
SqFt
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About the Listing 61039 - 3253917,3186512
Philly CRE Advisors proudly presents 1618 S Broad St, a recently renovated and well-maintained multifamily asset prominently positioned along the highly visible Broad Street corridor in South Philadelphia’s Newbold neighborhood, offering a compelling opportunity for investors seeking strong in-place cash flow in one of the area’s most strategically located and steadily appreciating corridors. The property consists of three well-appointed residential units featuring modern finishes, central air, in-unit washer and dryer, and updated mechanical systems, providing contemporary comfort with minimal near-term capital expenditure requirements. The unit mix includes Unit 1, a 2-bedroom, 2-bathroom residence leased at $2,100 per month; Unit 2, a 2-bedroom, 2-bathroom residence leased at $2,200 per month; and Unit 3, a 3-bedroom, 2-bathroom residence leased at $2,100 per month, generating a total of $6,400 per month ($76,800 annually) in gross residential income and delivering immediate stabilized cash flow supported by strong rental fundamentals. Located steps from Methodist Hospital, the South Philadelphia Sports Complex, and the vibrant Passyunk Avenue dining and retail corridor, the property benefits from exceptional visibility, accessibility, and proximity to Broad Street transit with seamless access to Center City, positioning the asset for long-term appreciation and sustained rental demand in one of South Philadelphia’s most active and resilient submarkets.
Listing Highlights
Status
Active
Days on Site
22
Property Type
Multi-Family
MLS ®
PAPH2587622
Year Built
1915
Total Square Footage
3,460
Lot/Acreage
0.03
Interior Details
- Bedrooms: 7
- Bathrooms: 6 Full
- Appliances:
- Air Cond: Ductless/Mini-Split
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3460
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 18.00 x 82.00
- Zoning: RSA5
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $8,184
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
1618 S Broad St Philadelphia, PA 19145
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