1618 S BROAD ST Philadelphia, PA 19145
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,459 sqft
Price per Sqft $231
MLS Listing ID PAPH2663422
Style Traditional
Abv Grd Liv Area 3,459
Year Built 1915
Annual Tax Amount $9,282
Tax Year 2026
Lot Size 1,476 Sqft
Acres 0.03
Lot Dimensions 18.00 x 82.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
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.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning RSA5
Rooms
Basement Unfinished
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Ductless/Mini-Split
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Concrete Perimeter, Brick/Mortar
Above Ground Finished SqFt 3459
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 365009800
Ownership Fee Simple
SqFt Source 3459
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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