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    South Broad Street Multifamily Property Title is generated by Realmo AI

    1618 S Broad St, Philadelphia, PA 19145

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    Multifamily property located on South Broad Street, Philadelphia.

    Type:Multifamily
    Property size:
    3,460 SF
    Price / SF:
    $274/SF
    Added:
    Mar 13, 2026
    Days on Market:
    96
    Last Refresh:
    Mar 19 at 11:16 pm

    Property Features for 1618 S Broad St

    General Information

    Standard status
    Active
    Size
    3,460 SF
    Property subtype
    Multifamily

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    Listing Contact
    Eric Dvotsky

    Listing agent Eric Dvotsky License #RS332410

    Listing office Berkshire Hathaway HomeServices Fox & Roach REALTORS Philadelphia

    Listing date Mar 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

    • Philly CRE Advisors Presents 1618 South Broad Street

    Overview

    The property at 1618 South Broad Street, Philadelphia, Pennsylvania, is a multifamily property. The property has a size of 3460 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 $105.0k $30.36
    − Vacancy −$6.1k −$1.76
    EGI $99.0k $28.60
    − OpEx −$44.5k −$12.87
    NOI $54.4k $15.73
    3,460 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $777.5K
    $680.3K – $907.1K (±1% cap)
    NOI $54,424 @ 7.0% cap · market cap 5.73%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $843.5K
    $738.1K – $984.1K (±1% cap)
    NOI $59,045 @ 7.0% cap · market cap 6.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cambria Louis Law Firm

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.158595
    Latitude
    39.978037

    FAQs

    What type of property is this?
    Multifamily property - Multifamily property located on South Broad Street, Philadelphia.
    Where is this multifamily property located?
    The property is located at 1618 S Broad St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Philly CRE Advisors Presents 1618 South Broad Street
    More about this property
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