1602 S BROAD STREET, Philadelphia, PA 19145
CommercialSale - PHILADELPHIA, PA
- Added:
- Feb 4, 2026
- Days on Market:
- 141
- Last Refresh:
- Jun 25 at 1:06 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 South Philadelphia’s Broad Street corridor in the Newbold area, the property is set in an established mix of residential and commercial activity. A Broad Street Line subway entrance is located directly in front of the building, providing straightforward transit access for customers, employees, and residents.
This asset may fit well for an owner-operator or investor looking for a transit-oriented mixed-use setup in an infill South Philadelphia location. With the building recently updated and featuring combined commercial and residential operation potential, it offers a practical platform for day-to-day occupancy planning and management. The property is available for sale at $925,000.
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
