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Pumsu Lim

stagesite-2.test@chime.me +1(506) 970-3459

$ 950,000

Est. payment | -/mo

3,460 SqFt

Save

$ 950,000

Est. payment | -/mo

Save

3,460 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 3,460 sqft

Price per Sqft $274

Lot Size 1,476 Sqft

MLS Listing ID PAPH2587622

Style Contemporary

Subdivision Newbold

Total Units 3

Short Sale No

Originating MLS BRIGHT

Property Description

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.

Location

State PA

County Philadelphia

Area 19145 (19145)

Zoning RSA5

Interior

Hot Water 60+ Gallon Tank

Heating Other

Cooling Ductless/Mini-Split

Fireplace N

Heat Source Electric

1-purchase type For Sale

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Building

New Construction N

Foundation Stone

Lot Dimensions 18.00 x 82.00

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

Schools

School District Philadelphia City

Others

Tax Amount $8,184

Tax Year 2025

Tax ID 365009800

Ownership Fee Simple

SqFt Source 3460

Special Sale Standard

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Listed by ERIC Dvotsky • BHHS Fox & Roach-Center City Walnut

1618 S BROAD ST Philadelphia, PA 19145