BEDS0
BATHS
SQUARE FEET3,460
MLS#PAPH2587622
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONNEWBOLD
SCHOOLPHILADELPHIA CITY
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ductless/Mini-Split
Fuel Type: Electric
Home Style: Contemporary
Lot Size: 0.03 Acres
Taxes: $8,184
Year Built: 1915
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 3
Exterior: Masonry
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Three Bedroom Units: 1
Two Bedroom Units: 2
Units: 3
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: BHHS Fox & Roach-Center City Walnut
Agency Phone: 2156276005
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 3,073.37 per month $2,114.29 Principal & Interest $682.00 Property Tax $277.08 Homeowner's InsuranceChange Payment Information
1618 S Broad Street | MLS# PAPH2587622
This multi-family property located at 1618 S Broad Street, Philadelphia, PA 19145 is currently listed for sale with an asking price of $950,000. S Broad Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.