1618 S Broad St, Philadelphia, PA 19145
Local realty services provided by:ERA Byrne Realty
1618 S Broad St,Philadelphia, PA 19145
$849,000
- 7 Beds
- - Baths
- 3,460 sq. ft.
- Multi-family
- Active
Listed by: eric andrew dvotsky, jason l rabinovich
Office: bhhs fox & roach-center city walnut
MLS#:PAPH2587622
Source:BRIGHTMLS
Price summary
- Price:$849,000
- Price per sq. ft.:$245.38
About this home
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-bedroom, 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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Home facts
- Year built:1915
- Subdivision & Development:NEWBOLD
- Listing ID #:PAPH2587622
- Added:174 day(s) ago
- Updated:August 21, 2026 at 01:38 PM
Rooms and interior
- Bedrooms:7
- Living area:3,460 sq. ft.
Heating and cooling
- Cooling:Ductless/Mini-Split
- Heating:Electric
Structure and exterior
- Year built:1915
- Building area:3,460 sq. ft.
- Lot area:0.03 Acres
- Architectural Style:Contemporary
- Construction Materials:Masonry
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$849,000
- Price per sq. ft.:$245.38
- Tax amount:$8,184 (2025)
Parking
- Parking description:On Street
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