1602 S BROAD STREET, Philadelphia, PA 19145
CommercialSale - PHILADELPHIA, PA
- Added:
- Feb 4, 2026
- Days on Market:
- 143
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 1602 S BROAD STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,123 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8715
Utilities
- Heating system
- Hot Water (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1915
- Number of units
- 3
- Architectural style
- Other
Listing agent Philly Home Advisors (267) 326-1272
Listing office BHHS Fox & Roach Center City-Society Hill 530 Walnut Street, Suite 480, PA (215) 627-6005
Listing date Feb 4, 2026
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location on Broad Street in South Philadelphia's Newbold neighborhood, offering high visibility and traffic.
- Directly in front of the Broad Street Line subway entrance, providing unmatched transit access.
- Recently rehabbed in 2022, ensuring low maintenance and modern amenities.
- Mixed‑use/multifamily property suitable for both owner‑occupants and investors.
- Proximity to popular neighborhoods like Graduate Hospital and East Passyunk, with strong residential demand and commercial growth.
- Stabilized residential income, providing immediate return on investment.
Overview
Located along the Broad Street corridor in South Philadelphia’s Newbold neighborhood, the property benefits from direct north/south connectivity. The address is described as being near Graduate Hospital, East Passyunk, Point Breeze, Rittenhouse Square, and Center City, with Broad Street also providing regular foot and vehicle traffic. In addition, the Broad Street Line subway entrance is located directly in front of the property, creating convenient transit access to Center City, University City, and beyond.
For tenants and buyers, the practical advantage is the combination of a 2022 rehabilitation with transit-oriented frontage on Broad Street, supporting day-to-day convenience and visibility for an owner-user. The property is also presented with stabilized residential income, which may be attractive to investors seeking a property that is already renovated and operating within a mixed-use, transit-accessible context.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.6k | $25.80 |
| − Vacancy | −$4.4k | −$1.42 |
| EGI | $76.1k | $24.38 |
| − OpEx | −$22.8k | −$7.31 |
| NOI | $53.3k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.16874
- Latitude
- 39.93037
