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Mixed-Use Property on Broad Street

1602 S Broad St, Philadelphia, PA 19145

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For Sale

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Well-maintained mixed-use property in South Philadelphia's Newbold neighborhood.

Type:Mixed Use, Multifamily, Office

Property size:

3,833 SF

Price / SF:

$286/SF

HighLights

Prime location on highly visible Broad Street corridor in South Philadelphia's Newbold neighborhood.
Strong in‑place income from stabilized residential units (Unit 3: $2,000/month, Unit 2: $1,825/month).
Luxury residential finishes, in‑unit washer/dryer, and central air.
Updated mechanical systems requiring minimal near‑term capital needs.
Close proximity to Methodist Hospital, making it attractive to medical professionals.
Convenient access to the South Philadelphia Sports Complex, Passyunk Avenue, and Center City via Broad Street transit.

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Eric Dvotsky

For Sale

Contact for pricing

Well-maintained mixed-use property in South Philadelphia's Newbold neighborhood.

Type:Mixed Use, Multifamily, Office

Property size:

3,833 SF

Price / SF:

$286/SF

Added:: Feb 13, 2026
Days on Market:: 135
Last Refresh:: Mar 17 at 1:15 pm

Property Features for 1602 S Broad St

General Information

Standard status: Active
Size: 3,833 SF
Property subtype: Mixed Use, Multifamily, Office

Building Details

Year Built: 1915

We can help!

Contact an agent

Eric Dvotsky

Listing office Berkshire Hathaway HomeServices Fox & Roach REALTORS Philadelphia

Listing date Feb 13, 2026

Source Crexi

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 Berkshire Hathaway HomeServices Fox & Roach REALTORS Philadelphia

HighLights

Prime location on highly visible Broad Street corridor in South Philadelphia's Newbold neighborhood.
Strong in‑place income from stabilized residential units (Unit 3: $2,000/month, Unit 2: $1,825/month).
Luxury residential finishes, in‑unit washer/dryer, and central air.
Updated mechanical systems requiring minimal near‑term capital needs.
Close proximity to Methodist Hospital, making it attractive to medical professionals.
Convenient access to the South Philadelphia Sports Complex, Passyunk Avenue, and Center City via Broad Street transit.

Overview

Located on South Philadelphia’s Broad Street corridor in the Newbold neighborhood, this mixed-use property offers an opportunity for investors, owner-occupants, and medical professionals. The property features residential units with luxury finishes, in-unit washer and dryer, central air, and updated mechanical systems. Unit 3, a 2-bedroom, 2-bathroom unit, is leased at $2,000 per month, and Unit 2, a 2-bedroom, 1-bathroom unit, is leased at $1,825 per month. The location provides proximity to Methodist Hospital, the South Philadelphia Sports Complex and stadium district, Passyunk Avenue’s dining and retail corridor, and access to Center City via Broad Street transit. The building size is 3,833 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$116.4k	$30.36
− Vacancy	−$6.7k	−$1.76
EGI	$109.6k	$28.60
− OpEx	−$49.3k	−$12.87
NOI	$60.3k	$15.73

3,833 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$861.3K

$753.6K – $1.00M (±1% cap)

NOI $60,291 @ 7.0% cap · market cap 5.48%

Second Best

Office B

$720.6K

$630.5K – $840.7K (±1% cap)

NOI $50,440 @ 7.0% cap · market cap 4.59%

Theoretical Best

Multifamily LT 5

$934.4K

$817.6K – $1.09M (±1% cap)

NOI $65,410 @ 7.0% cap · market cap 5.95%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

NEW YANZI spa Spa & Massage Center Ackerman Bruce I ... Physician

Suggested Use

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.158595
Latitude: 39.978037

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For sale
Mixed-use properties
PA
Philadelphia
19145
1602 S Broad St

What type of property is this?

Mixed-use property - Well-maintained mixed-use property in South Philadelphia's Newbold neighborhood.

Where is this mixed-use property located?

The property is located at 1602 S Broad St Philadelphia, PA.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Prime location on highly visible Broad Street corridor in South Philadelphia's Newbold neighborhood.; Strong in‑place income from stabilized residential units (Unit 3: $2,000/month, Unit 2: $1,825/month).; **Luxury residential finishes, in‑unit washer/dryer, and central air.**