$800,000
 $4,295 est/mo Sourced by Back At You

1618 S Broad St,PHILADELPHIA, PA 19145

PHILADELPHIA, PA 19145

Share:

PreviousNext

Description

Welcome to 1618 S Broad St, a beautifully renovated triplex offering an exceptional opportunity to own a turnkey, income-producing asset in one of South Philadelphia's rapidly evolving neighborhoods. The property has been 100% renovated and is currently 100% occupied, featuring two spacious 2-bedroom, 2-bathroom units and one 3-bedroom, 2-bathroom unit. All tenants are secured under leases through 2027, providing an investor with immediate, stable cash flow and long-term occupancy. The building generates $78,720 in annual rental income and, at a 6.5% interest rate, delivers an attractive 1.32 DSCR, making this an excellent opportunity for investors seeking strong debt-service coverage and a turnkey multifamily asset. Beyond the numbers, the location is a major part of the story. Situated on S Broad St, the property benefits from the continued transformation of the surrounding area, with Passyunk Square, Newbold, and Point Breeze all contributing to the neighborhood's growing appeal. As development continues and property values rise throughout South Philadelphia, 1618 S Broad St offers investors the opportunity to acquire a fully renovated asset in an area with significant momentum.

Details

MLS #PAPH2663422
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year1915
Days On Site44
Listing Provided BySDG Management, LLC | Jason Kleinman

Features

SQ Feet3,459
BasementY
Units3
ZoningRSA5
Acreage0.03

Interior

CoolingDuctless/Mini-Split
Heating Yes / NoYes
HeatingHeat Pump(s)

Exterior

Construction MaterialsMasonry
Foundation DetailsConcrete Perimeter, Brick/Mortar

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount9282

Area Information

StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19145
Area19145 (19145)
School DistrictPHILADELPHIA CITY
Listing VS Median (in 19145)
Price:
$800,000
low | high
Med:
$240,000
100% of Average
sqft:
3,459
low | high
Med:
1,240
100% of Average
$ / sqft:
$231
low | high
Med:
$194
66.314516129032% of Average
On site:
44
low | high
Med:
43
100% of Average
Sourced by Back At You

Market Activity 19145

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Class Harlan Real Estate at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

© 2024 Bright MLS, All Rights Reserved

Contact

Learn More About This Property

Diane Smith

Diane Smith

Class Harlan Real Estate

RS281342 (215) 290-4038realtordianesmith@gmail.com
StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19145
Area19145 (19145)
School DistrictPHILADELPHIA CITY
Listing VS Median (in 19145)
Price:
$800,000
low | high
Med:
$240,000
100% of Average
sqft:
3,459
low | high
Med:
1,240
100% of Average
$ / sqft:
$231
low | high
Med:
$194
66.314516129032% of Average
On site:
44
low | high
Med:
43
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $600K - $1M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
1508 S BROAD Property Photo 1
$709,000
1508 S Broad
Philadelphia, PA 19146
1828 S BROAD ST Property Photo 1
$695,000
1828 S Broad St
Philadelphia, PA 19145
1803 S BROAD ST Property Photo 1
$699,000
1803 S Broad St
Philadelphia, PA 19148
1426 S BROAD ST Property Photo 1
$845,000
1426 S Broad St
Philadelphia, PA 19146
1648 S 16TH ST Property Photo 1
$829,000
1648 S 16th St
Philadelphia, PA 19145
Listing Updated: September 28, 2026 at 9:34:08 PM PDT