Four-Unit Multifamily
For Sale
$709,000
1508 S BROAD, Philadelphia, PA 19146
Multifamily property with a three-bedroom, one-bedroom unit mix and access to Center City amenities and transit.
Property Size3,105 SF
Days on Market171
Property Features for 1508 S BROAD
General Information
Standard status
Active
Size
3,105 SF
Property subtype
Quadruplex
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,832
Building Details
Building Size
3,105 SF
Year Built
1921
Buildings
1
Listing Agency:
Keller Williams Real Estate Tri-County
Listed By:
Vincent Carnuccio · License #RS317863
(215) 464-8800
Source:
Patmckennarealtors
Added: May 1
Changed: Oct 7
Last Checked: Oct 16 at 4:11PM
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 Keller Williams Real Estate Tri-County
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Investment Insights
Based on property information with market context.
This 3,105-square-foot quadplex, built in 1921, contains four residential units arranged in a 3-1 configuration. The property offers bright living areas and a unit mix that includes three units of one bedroom count and one unit of another, as identified in the listing data.
Located at 1508 S Broad in Philadelphia, the building is near Center City, the Avenue of the Arts, dining, retail, entertainment, cultural destinations, and major employers. Public transportation options include the Broad Street Line and multiple bus routes, with connections to major highways also noted. The South Broad Street setting provides access to established city amenities and regional mobility.
Located at 1508 S Broad in Philadelphia, the building is near Center City, the Avenue of the Arts, dining, retail, entertainment, cultural destinations, and major employers. Public transportation options include the Broad Street Line and multiple bus routes, with connections to major highways also noted. The South Broad Street setting provides access to established city amenities and regional mobility.
Key Highlights
- 4‑unit quadplex with a 3‑1 unit configuration
- 3,105 SF multifamily building
- Built in 1921
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,986
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,059,720
$1.1M
Cap Rate 7%
$756,943
$756.9K
Cap Rate 9%
$588,733
$588.7K
Market Conditions
NOI Build-Up for 3,105 SF
Gross rent
$80.1K $25.80/SF
− Vacancy
−$4.4K −$1.42/SF
EGI
$75.7K $24.38/SF
− OpEx
−$22.7K −$7.31/SF
NOI
$53.0K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,059,720
Cap Rate 7%
$756,943
Cap Rate 9%
$588,733
Alternative Uses
Best Use
Multifamily LT 5
$756.9K
$662.3K – $883.1K
NOI $52,986 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$697.7K
$610.5K – $814.0K
NOI $48,840 @ 7.0% cap · market cap 6.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,093
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with a three-bedroom, one-bedroom unit mix and access to Center City amenities and transit.
Where is this quadplex located?
The property is located at 1508 S BROAD Philadelphia, PA.
What is the asking price?
The asking price for this property is $709,000.
What are key features of this property?
This property features: 4‑unit quadplex with a 3‑1 unit configuration; 3,105 SF multifamily building; Built in 1921
