Renovated Triplex with In-Unit
1618 S BROAD STREET Philadelphia, PA 19145
For Sale
$849,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size3,460 SF
Price / SF$245.38
Days on Market146
Property Features for 1618 S BROAD STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Standard status
- Active
- Size
- 3,460 SF
Building Details
- Year built
- 1915
Listing Agency:
BHHS Fox & Roach Center City-Society Hill
(215) 627-6005
Listed By:
Philly Home Advisors
(267) 326-1272
Added: Feb 27
Changed: Jul 23
Last Checked: Jul 23 at 7:06PM
MLS# PAPH2587622
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.
Investment Insights
Based on property information with market context.
This renovated triplex includes three residential units with modern finishes. The property is described as meticulously maintained and features central air conditioning, in-unit laundry, and updated mechanical systems. Unit 1 is a three-bedroom, two-bath unit currently leased at $2,100 per month. Unit 2 is a two-bedroom, two-bath unit currently leased at $2,200 per month. Unit 3 is a two-bedroom, two-bath unit and is currently vacant.
The property is located at 1618 S Broad Street in Philadelphia, prominently positioned along the Broad Street corridor in South Philadelphia’s Newbold neighborhood. Public remarks note proximity “just steps from” Jefferson Methodist Hospital, the South Philadelphia Sports Complex, and the Navy Yard, along with dining and retail along East Passyunk Avenue. Access is described as immediate to the Broad Street Line, SEPTA bus routes, Center City, I-76, and I-95.
With two units currently leased and one unit available, the current gross potential residential income is reported to be approximately $6,700 per month upon lease-up, based on target rent for Unit 3 of approximately $2,400 per month.
The property is located at 1618 S Broad Street in Philadelphia, prominently positioned along the Broad Street corridor in South Philadelphia’s Newbold neighborhood. Public remarks note proximity “just steps from” Jefferson Methodist Hospital, the South Philadelphia Sports Complex, and the Navy Yard, along with dining and retail along East Passyunk Avenue. Access is described as immediate to the Broad Street Line, SEPTA bus routes, Center City, I-76, and I-95.
With two units currently leased and one unit available, the current gross potential residential income is reported to be approximately $6,700 per month upon lease-up, based on target rent for Unit 3 of approximately $2,400 per month.
Key Highlights
- Multifamily building built in 1915 with 3 residential units at 1618 S Broad Street
- Unit 1: 3 bed / 2 bath leased at $2,100 per month
- Unit 2: 2 bed / 2 bath leased at $2,200 per month
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 | $89.3k | $25.80 |
| − Vacancy | −$4.9k | −$1.42 |
| EGI | $84.3k | $24.38 |
| − OpEx | −$25.3k | −$7.31 |
| NOI | $59.0k | $17.06 |
3,460 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$843.5K
$738.1K – $984.1K
NOI $59,045 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$777.5K
$680.3K – $907.1K
NOI $54,424 @ 7.0% cap · market cap 6.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cambria Louis
Law Firm
FAQs
What type of property is this?
Triplex - Renovated triplex with three residential units, central air, and in-unit laundry, including one currently vacant unit.
Where is this triplex located?
The property is located at 1618 S BROAD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Multifamily building built in 1915 with 3 residential units at 1618 S Broad Street; Unit 1: 3 bed / 2 bath leased at $2,100 per month; Unit 2: 2 bed / 2 bath leased at $2,200 per month
