1618 S Broad St, Philadelphia, PA 19145
Local realty services provided by:CENTURY 21 New Millennium
1618 S Broad St,Philadelphia, PA 19145
$950,000
- 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:$950,000
- Price per sq. ft.:$274.57
About this home
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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Home facts
- Year built:1915
- Listing ID #:PAPH2587622
- Added:60 day(s) ago
- Updated:April 29, 2026 at 01:34 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:$950,000
- Price per sq. ft.:$274.57
- Tax amount:$8,184 (2025)
Parking
- Parking description:On Street
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