1618 S Broad St, Philadelphia, PA 19145
Local realty services provided by:CENTURY 21 Dale Realty Co.
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....
Contact an agent
Home facts
- Year built:1915
- Subdivision & Development:NEWBOLD
- Listing ID #:PAPH2587622
- Added:177 day(s) ago
- Updated:August 24, 2026 at 01:33 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
New listings near 1618 S Broad St
- Coming Soon
$550,000Coming Soon4 beds 3 baths1,540 sq. ft.24 Westview St, PHILADELPHIA, PA 19119
MLS# PAPH2653294Listed by: COMPASS PENNSYLVANIA, LLC - Coming Soon
$599,900Coming Soon7 beds -- baths3,338 sq. ft.3207 Ridge Ave, PHILADELPHIA, PA 19132
MLS# PAPH2660372Listed by: COMPASS PENNSYLVANIA, LLC - Coming Soon
$169,950Coming Soon3 beds 1 baths1,086 sq. ft.2423 N Myrtlewood St, PHILADELPHIA, PA 19132
MLS# PAPH2663032Listed by: EXP REALTY, LLC - Coming SoonOpen Sun, 2 to 4pm
$399,999Coming Soon2 beds 2 baths1,433 sq. ft.15070-00 Dahlia Dr, PHILADELPHIA, PA 19116
MLS# PAPH2662816Listed by: PRIME REAL ESTATE TEAM - Coming Soon
$399,900Coming Soon4 beds 2 baths1,226 sq. ft.1609 E Hunting Park Ave, PHILADELPHIA, PA 19124
MLS# PAPH2662142Listed by: KELLER WILLIAMS REAL ESTATE-LANGHORNE - Coming SoonOpen Thu, 5 to 7pm
$264,900Coming Soon3 beds 2 baths988 sq. ft.3028 Mercer St, PHILADELPHIA, PA 19134
MLS# PAPH2662666Listed by: HOMESTARR REALTY - Coming Soon
$350,000Coming Soon3 beds 2 baths1,367 sq. ft.1336 N 31st St, PHILADELPHIA, PA 19121
MLS# PAPH2662892Listed by: COMPASS PENNSYLVANIA, LLC - Coming Soon
$599,900Coming Soon4 beds 3 baths1,788 sq. ft.1608 Colima Rd, PHILADELPHIA, PA 19115
MLS# PAPH2662956Listed by: A PLUS REALTORS LLC - Coming SoonOpen Sat, 11am to 2:30pm
$499,900Coming Soon5 beds 2 baths1,607 sq. ft.2712 Brown St, PHILADELPHIA, PA 19130
MLS# PAPH2662920Listed by: COUNTRYSIDE REALTY - Coming SoonOpen Sat, 11am to 1pm
$335,000Coming Soon3 beds 2 baths1,440 sq. ft.3124 Memphis St, PHILADELPHIA, PA 19134
MLS# PAPH2662952Listed by: HOWARD HANNA REAL ESTATE SERVICES