Multifamily Property on South
1614 S Broad St, Philadelphia, PA 19145
Well-maintained multifamily property in South Philadelphia with income and upside.
Type:Multifamily
Property size:
3,492 SFPrice / SF:
$286/SF- Added:
- Jan 28, 2026
- Days on Market:
- 126
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1614 S Broad St
General Information
- Standard status
- Active
- Size
- 3,492 SF
- Property subtype
- Multifamily
Listing agent Jason Kleinman License #PA362457
Listing office SDG Real Estate
Listing date Jan 28, 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 SDG Real Estate
HighLights
- High‑accessibility, transit‑oriented location directly on the Broad Street Line, providing excellent connectivity to key areas.
- Generates substantial annual rental income of $98,378.
- Well‑maintained multifamily property with a history of consistent care.
- Value‑add opportunities through light renovations as units turn over, allowing for incremental rent growth.
- Several units have been fully renovated, demonstrating achievable finish level and rent potential.
- Located in a proven South Philadelphia market with ongoing investment reinforcing its appeal.
Overview
Located along the South Broad Street corridor, this multifamily property offers seven one-bedroom, one-bathroom units. The property generates an annual rental income of $98,378. Several units have been fully renovated, including one below-grade unit, showcasing the achievable finish level and rent potential. The remaining units are in solid condition and present value-add opportunities through future turnover, allowing for incremental rent growth. Situated directly on the Broad Street Line, the property benefits from connectivity to Center City, Passyunk Square, and major employment centers. Ongoing investment along the Broad Street corridor reinforces the area’s appeal and long-term rental fundamentals. The property is well-positioned for investors seeking a stabilized asset with manageable growth potential in a South Philadelphia market. The building size is 3492 square feet.
Local Financial Insights For Apartment 5plus
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 | $106.0k | $30.36 |
| − Vacancy | −$6.1k | −$1.76 |
| EGI | $99.9k | $28.60 |
| − OpEx | −$44.9k | −$12.87 |
| NOI | $54.9k | $15.73 |
3,492 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$784.7K
$686.6K – $915.5K
NOI $54,927 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$851.3K
$744.9K – $993.2K
NOI $59,591 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
The Fit Brain
Tutoring Service
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.168815
- Latitude
- 39.930085
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained multifamily property in South Philadelphia with income and upside.
Where is this apartment building located?
The property is located at 1614 S Broad St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: High‑accessibility, transit‑oriented location directly on the Broad Street Line, providing excellent connectivity to key areas.; Generates substantial annual rental income of $98,378.; Well‑maintained multifamily property with a history of consistent care.
