Quadplex With Medical-Eligible First
1803 South Broad Street Philadelphia, PA 19148
For Sale
$775,000
Quadplex with two 2-bedroom units, two studio units, and a full unfinished basement on an 18’ x 80’ footprint.
Property Size2,970 SF
Lot Size0.03 Acres
Price / SF$260.94
Days on Market434
Property Features for 1803 South Broad Street
General Information
- Standard status
- Active
- Size
- 2,970 SF
- Lot size
- 0.03 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency:
Compass Pennsylvania, LLC
(610) 717-8390
Listed By:
Gregory Eleftherakis · License #RS322562
(610) 717-8390
Source:
Compass
Added: May 18, 2025
Changed: Jul 23
Last Checked: Jul 24 at 3:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This quadplex includes two large 2-bedroom units and two studio units, plus a full unfinished basement. The property has an 18’ wide by 80’ deep footprint, and many original details remain for a future renovation approach.
Per zoning, the first floor is eligible for medical/professional commercial use; it is currently used as a residential 2-bedroom. The property is positioned in an East Passyunk area near East Passyunk Avenue amenities and Columbus Square Park, with walking access to the Italian Market, Newbold, and West Passyunk. A Tasker-Morris subway station is listed as one block away, and the remarks note direct 15-minute access to Center City and South Philly stadiums.
The combination of multi-unit residential income and zoning flexibility for medical/professional use on the first floor makes this a straightforward property for buyers seeking a current rental configuration with an unfinished basement for additional possibilities.
Per zoning, the first floor is eligible for medical/professional commercial use; it is currently used as a residential 2-bedroom. The property is positioned in an East Passyunk area near East Passyunk Avenue amenities and Columbus Square Park, with walking access to the Italian Market, Newbold, and West Passyunk. A Tasker-Morris subway station is listed as one block away, and the remarks note direct 15-minute access to Center City and South Philly stadiums.
The combination of multi-unit residential income and zoning flexibility for medical/professional use on the first floor makes this a straightforward property for buyers seeking a current rental configuration with an unfinished basement for additional possibilities.
Key Highlights
- Quadruplex on an 18’ wide x 80’ deep footprint with two 2‑bedroom units and two studio units
- Full unfinished basement provides additional space for future value‑add work
- Year built: 1915
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 | $76.6k | $25.80 |
| − Vacancy | −$4.2k | −$1.42 |
| EGI | $72.4k | $24.38 |
| − OpEx | −$21.7k | −$7.31 |
| NOI | $50.7k | $17.06 |
2,970 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$724.0K
$633.5K – $844.7K
NOI $50,683 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$667.4K
$584.0K – $778.6K
NOI $46,717 @ 7.0% cap · market cap 6.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bursar's Office
Academic Department
Postdoctoral Fellows Office ...
High School
FAQs
What type of property is this?
Quadplex - Quadplex with two 2-bedroom units, two studio units, and a full unfinished basement on an 18’ x 80’ footprint.
Where is this quadplex located?
The property is located at 1803 South Broad Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Quadruplex on an 18’ wide x 80’ deep footprint with two 2‑bedroom units and two studio units; Full unfinished basement provides additional space for future value‑add work; Year built: 1915
