1618 S Broad Street Philadelphia, PA 19145
7 bed / 3,460 Sq. Ft. / 1,307 Sq. Ft., 0.03 acres lot size / Triplex
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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.
property details
Type
Triplex
Status
Active
County
PHILADELPHIA
Year Built
1915
Sq. Ft.
3,460
Lot Size
1,307 Sq. Ft.
Listing Id
PAPH2587622
Courtesy Of
Eric Dvostsky - BHHS Fox & Roach-Center City Walnut +1 (215) 627-6005
List Office Phone
+1 (215) 627-6005
Subdivision
NEWBOLD
Interior Features
Living Area Units
Sq. Ft.
Beds
7
Exterior Features
Parking
On Street
Foundation
Stone
Utility & Building Info
Sewer
Public Sewer
Parcel Number
365009800
Cooling
Electric
Ductless
Ductless
Water Source
Public Water
Heating
Electric Heating
Tax Amount
8184
Building Area Total
3,460 Sq. Ft.
Above Grade Finished Area
3460 Sq. Ft.
Price Per Sq Ft
$264
Architectural Style
Contemporary
Price History
| date | event | price | source |
|---|---|---|---|
|
05/04/2026
05/04/2026
|
Active |
$915,000
|
Bright MLS (MDBMLS-R) |
|
02/27/2026
02/27/2026
|
Active |
$950,000
|
Bright MLS (MDBMLS-R) |
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Market Trends
Source: Constellation1
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