South Broad Street Multifamily
For Sale
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1618 S Broad St, Philadelphia, PA 19145
Multifamily property located on South Broad Street, Philadelphia.
Property Size3,460 SF
Price / SF$259.83
Days on Market142
Property Features for 1618 S Broad St
General Information
Standard status
Active
Size
3,460 SF
Property subtype
Multifamily
Listing Agency:
Berkshire Hathaway HomeServices Fox & Roach REALTORS Philadelphia
Listed By:
Eric Dvotsky · License #RS332410
Source:
Crexi
Added: Mar 13
Changed: Jul 6
Last Checked: Jul 31 at 12:36PM
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
Investment Insights
Based on property information with market context.
The property at 1618 South Broad Street, Philadelphia, Pennsylvania, is a multifamily property. The property has a size of 3460 square feet.
Key Highlights
- Philly CRE Advisors Presents 1618 South Broad Street
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
NOI $54,424 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$843.5K
$738.1K – $984.1K
NOI $59,045 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,142
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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 $899,000.
What are key features of this property?
This property features: Philly CRE Advisors Presents 1618 South Broad Street
