1618 S BROAD STREETPHILADELPHIA, PA 19145

Multi-Family · 3,460 Sq. ft. | 0.03 Acres
$899,000 ACTIVE

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.

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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

38
Median Age
8,529
Population Density (per sq. mile)
36%
College Educated
$54,353
Estimated Median Income
10,698
Estimated Total Home Owners
7,279
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

1618 S BROAD STREET Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1618 S BROAD STREET Market Data

Based on the last 30 days in this zip code

$342,938
Average List Price
$264
Average Price per Square Foot
29
Properties Sold
86
Average Days on Market
230
Properties for Sale
Calculations provided by Reliance Network

1618 S BROAD STREET History

Date Event Value Agent
6/25/2026Source: BRIGHT MLS Price Reduction
$899,000 -1.7%
Philly Home Advisors
Listing Agent
5/4/2026Source: BRIGHT MLS Price Reduction
$915,000 -3.7%
Philly Home Advisors
Listing Agent
2/27/2026Source: BRIGHT MLS Added to Database
February 27, 2026
Philly Home Advisors
Listing Agent
Listing provided courtesy of BHHS Fox & Roach-Center City Walnut- MLS# PAPH2587622MLS ProviderContact Information: 2156276005