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MLS: #PAPH2587622, Listed By: ERIC Dvotsky, BHHS Fox & Roach-Center City Walnut, Source:Bright MLS

1618 S Broad Street

PHILADELPHIA, PA 19145
Mark as Favorite
Bed 7

Bed

Bath 0

Bath

SqFt3,460

Sqft

Acres0.03

Acre(Lot)

Philly CRE Advisors proudly presents 1618 S Broad Street, a recently renovated and meticulously maintained multifamily asset prominently positioned along the highly visible Broad Street corridor in South Philadelphia's thriving Newbold neighborhood. Offering a compelling combination of in-place income and upside potential, this investment presents an exceptional opportunity for buyers seeking a turnkey asset in one of the city's most strategically located and steadily appreciating corridors. The property consists of three thoughtfully designed residential units featuring modern finishes, central air conditioning, in-unit laundry, and updated mechanical systems, delivering contemporary living with minimal near-term capital expenditure requirements. The unit mix includes Unit 1, a three-bedr oom, two-bathroom residence leased at $2,100 per month; Unit 2, a two-bedroom, two-bathroom residence leased at $2,200 per month; and Unit 3, a two-bedroom, two-bathroom residence that is currently vacant, presenting an immediate value-add opportunity for a new owner. Based on current market conditions, Unit 3 is well-positioned to achieve approximately $2,400 per month, increasing the property's gross potential residential income to approximately $6,700 per month ($80,400 annually) upon lease-up. Located just steps from Jefferson Methodist Hospital, the South Philadelphia Sports Complex, the Navy Yard, and the award-winning restaurants, boutiques, and entertainment along East Passyunk Avenue, the property benefits from exceptional accessibility and a deep pool of prospective tenants. Immediate access to the Broad Street Line, SEPTA bus routes, Center City, I-76, and I-95 further enhances its appeal to young professionals, medical personnel, educators, and other renters seeking convenience and connectivity. With its strong in-place income, lease-up potential, and prime South Philadelphia location, 1618 S Broad Street represents an outstanding opportunity to acquire a high-quality multifamily asset in one of the city's most resilient and sought-after rental submarkets.

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Detail Ic Property Details

Property Type : Residential Income

Price : $849,000

AD Id : 75689325

MLS Id : PAPH2587622

Beds : 7

Lot Size : 0.03 Acre

Living Area Size : 3,460

Year Built : 1915

County : PHILADELPHIA

Subdivision: Newbold

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Feature Features

  • Bedroom Information

    Total beds: 7
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Other Has Cooling: Yes Cooling: Ductless, Electric

  • Building Information

    Year Built: 1915 Building Area Total: 3460 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 18.00 x 82.00 Lot Size Acres: 0.03 Lot Size Source: Assessor Lot Size Square Feet: 1476

    Property Information

    Subdivision: NEWBOLD Source Property Type: Residential Income Postal Code Plus 4: 1509 Property SubType: Triplex Property Age: 111

  • Listing Price Information

    Listing Price: $849000

  • Tax Information

    Parcel Number: 365009800 Tax Lot: 316 Tax Year: 2025 Annual Tax: $8184

  • Parking Information

    On Street

  • Location Information

    Direction: Use GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1506 W Porter Street, Philadelphia, PA, 19145 $419,900 2 -- 2,116 2,116 SqFt
2246 S 15th Street, Philadelphia, PA, 19145 $364,900 2 -- 2,100 2,100 SqFt
1533 W Passyunk Avenue, Philadelphia, PA, 19145 $440,000 3 -- 1,700 1,700 SqFt
1528 W Porter Street, Philadelphia, PA, 19145 $580,000 5 -- 2,561 2,561 SqFt
1641 W Ritner Street, Philadelphia, PA, 19145 $624,900 2 -- 2,736 2,736 SqFt
1709 Hartranft Street, Philadelphia, PA, 19145 $649,900 4 -- 1,718 1,718 SqFt
1713 Wolf Street, Philadelphia, PA, 19145 $329,900 3 -- 2,232 2,232 SqFt
1714 Snyder Avenue, Philadelphia, PA, 19145 $549,000 5 -- 2,208 2,208 SqFt
1735 Mckean Street, Philadelphia, PA, 19145 $390,000 4 -- 1,468 1,468 SqFt
1817 Mifflin Street, Philadelphia, PA, 19145 $290,000 2 -- 1,326 1,326 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 08/12/2026 @ 06:24

MLS: PAPH2587622 LISTED BY: ERIC Dvotsky, BHHS Fox & Roach-Center City Walnut 215-627-6005 SOURCE: Bright MLS

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