1602 S BROAD STREET, Philadelphia, PA 19145
CommercialSale - PHILADELPHIA, PA
- Added:
- Feb 4, 2026
- Days on Market:
- 130
- Last Refresh:
- Jun 14 at 12:06 am
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
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