1618 S BROAD STREET Overview
- Time on Site:
- 123 days
- Visits:
- 8
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.
1618 S BROAD STREET Facts & Features
- Type Multi-Family
- Sq. ft. 3,460
- Price/Sq.ft. $260
- Lot 0.03 Acres
Details
General
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Pool: No Pool
- Total SQFT: 3460
- Year Built: 1915
Location/Region
- Country: US
- County: PHILADELPHIA
- County Or Parish: PHILADELPHIA
- MLS Area Major: 19145 (19145)
- Subdivision Name: NEWBOLD
Parking Information
- Type of Parking: On Street
Tax Information
- City/Town Tax: 3601.00
- City/Town Tax Payment Frequency: Annually
- County Tax Payment Frequency: Annually
- School Tax: 4583.00
- Tax Annual Amount: $8,184.00
- Tax Assessed Value: 584700.00
- Tax Year: 2025
General Information
- Property Sub Type: Triplex
- Property Type: Multi-Family
- School District Name: PHILADELPHIA CITY
- Special Listing Conditions: Standard
- Vacation Rental: No
- Year Assessed: 2025
- Zoning: RSA5
Unit Information
- Other Units: Unit 1,Unit 2,Unit 3
Interior
Building Information
- Cooling Fuel: Electric
- Heating Fuel: Electric
Parking Information
- Garage: No
Building Exterior/Construction
- Structure Type: Interior Row/Townhouse
Building Interior
- Above Grade Finished Area: 3460
- Above Grade Finished Area Source: Assessor
- Above Grade Finished Area Units: Square Feet
- Below Grade Finished Area: 0
- Below Grade Finished Area Source: Assessor
- Below Grade Finished Area Units: Square Feet
- Central Air: No
- Hot Water: 60+ Gallon Tank
General Information
- Accessibility Features: None
- Cooling: Ductless/Mini-Split
- Fireplace: No
- Foundation Details: Stone
- Living Area: 3460
- Living Area Source: Assessor
Unit Information
- One Bedroom Units Count: 0
- Single Room Units Count: 0
- Three Bedroom Units Count: 1
- Two Bedroom Units Count: 2
Exterior
Lot Information
- Lot Dimensions Source: Assessor
- Lot Size Dimensions: 18.00 x 82.00
- Lot Size Source: Assessor
- Lot Size Square Feet: 1476.00
- Lot Size Units: Square Feet
- Water Source: Public
Waterfront/View
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Architectural Style: Contemporary
- Construction Materials: Masonry
General Information
- Number Of Units Leased: 3
- Number Of Units Total: 3
- Other Structures: Above Grade,Below Grade
- Sewer: Public Sewer
- Water Access: No
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Total Rent: 2100.00
- Beds Total: 3
Unit 2 Details
- Unit Type: Unit 2
- Total Rent: 2200.00
- Beds Total: 2
Unit 3 Details
- Unit Type: Unit 3
- Total Rent: 2100.00
- Beds Total: 2
1618 S BROAD STREET Neighborhood
Community
19145 (PHILADELPHIA) Demographics
1618 S BROAD STREET Monthly Cost
1618 S BROAD STREET Market Data
Based on the last 30 days in this zip code
1618 S BROAD STREET History
| Date | Value | Agent |
|---|---|---|
| 6/25/2026Source: BRIGHT MLS | $899,000 -1.7% |
Philly Home Advisors Listing Agent |
| 5/4/2026Source: BRIGHT MLS | $915,000 -3.7% |
Philly Home Advisors Listing Agent |
| 2/27/2026Source: BRIGHT MLS | February 27, 2026 |
Philly Home Advisors Listing Agent |
Contact Information: 2156276005