2243 N Broad St, Philadelphia, PA 19132

Philadelphia
Local realty services provided by:ERA Reed Realty, Inc.
2243 N Broad St,Philadelphia, PA 19132
$1,970,000
  • 10 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: eric andrew dvotsky, maxim sirotovsky
Office: bhhs fox & roach-center city walnut
MLS#:PAPH2611126
Source:BRIGHTMLS

Price summary

  • Price:$1,970,000

About this home

Philly CRE is pleased to present a premier investment opportunity: a fully occupied, 11-unit mixed-use property built in 2023, ideally located just steps from Temple University’s main campus. Already priced to sell, this asset offers immediate financing upside with a 1.33 DSCR and an exceptional 7.79% cap rate, a rare offering for new construction in today’s market. The property generates $184,860 in annual gross rental income, plus an additional $500 per month ($6,000 annually) in storage income, creating a diversified revenue stream and enhancing overall cash flow. Consistent rental demand is driven by its proximity to both Temple University and Temple University Hospital, attracting a reliable tenant base of students and healthcare professionals. All residential units are leased to PHA tenants with rents secured, providing predictable and low-risk income from day one. The unit mix includes one studio, eight one-bedroom units, and one two-bedroom unit, along with a ground-floor...

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Home facts

  • Year built:2023
  • Listing ID #:PAPH2611126
  • Added:62 day(s) ago
  • Updated:June 23, 2026 at 01:32 PM

Rooms and interior

  • Bedrooms:10
  • Basement:Yes
  • Basement Description:Full

Heating and cooling

  • Cooling:Central A/C
  • Heating:Electric, Forced Air

Structure and exterior

  • Year built:2023
  • Lot area:0.06 Acres
  • Architectural Style:Contemporary
  • Construction Materials:Brick, Vinyl Siding
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,970,000
  • Tax amount:$1,408 (2025)

Parking

  • Parking description:On Street

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