Four-Unit Multifamily
1508 South Broad Street Philadelphia, PA 19146
For Sale
$729,000
Four-unit (3-1) multifamily property on South Broad Street in Philadelphia.
Property Size3,105 SF
Price / SF$234.78
Days on Market93
Property Features for 1508 South Broad Street
General Information
- Standard status
- Active
- Size
- 3,105 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1923
Listing Agency:
Keller Williams Real Estate Tri-County
(215) 464-8800
Listed By:
Vincent Carnuccio · License #RS317863
(215) 464-8800
Source:
Compass
Added: Apr 23
Changed: Jul 22
Last Checked: Jul 23 at 10:43AM
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
Investment Insights
Based on property information with market context.
This for-sale four-unit (3-1) multifamily building offers a total property size of 3,105 square feet, with each unit described as providing comfortable living spaces and excellent natural light. The asset falls within the Residential Income / Quadplex property category and is presented as a turnkey income property.
The property is located at 1508 South Broad Street in Philadelphia, Pennsylvania. The listing remarks cite close proximity to Center City and convenient public transportation access, including the Broad Street Line and multiple bus routes, with quick connections to major highways for travel throughout the city and beyond.
The listing also identifies the School District as The School District of Philadelphia.
The property is located at 1508 South Broad Street in Philadelphia, Pennsylvania. The listing remarks cite close proximity to Center City and convenient public transportation access, including the Broad Street Line and multiple bus routes, with quick connections to major highways for travel throughout the city and beyond.
The listing also identifies the School District as The School District of Philadelphia.
Key Highlights
- Four‑unit (3‑1) multifamily property on South Broad Street in Philadelphia
- Year built: 1923
- No pool
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 | $80.1k | $25.80 |
| − Vacancy | −$4.4k | −$1.42 |
| EGI | $75.7k | $24.38 |
| − OpEx | −$22.7k | −$7.31 |
| NOI | $53.0k | $17.06 |
3,105 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$756.9K
$662.3K – $883.1K
NOI $52,986 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$697.7K
$610.5K – $814.0K
NOI $48,840 @ 7.0% cap · market cap 6.70%
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
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit (3-1) multifamily property on South Broad Street in Philadelphia.
Where is this quadplex located?
The property is located at 1508 South Broad Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Four‑unit (3‑1) multifamily property on South Broad Street in Philadelphia; Year built: 1923; No pool
