Quadplex With Unfinished
For Sale
$699,000
1803 S BROAD STREET, Philadelphia, PA 19148
Four-unit property near East Passyunk Avenue with flexible residential layouts and potential medical or professional commercial use on the first floor.
Lot Size0.03 Acres
Days on Market66
Property Features for 1803 S BROAD STREET
General Information
Standard status
Active
Lot size
0.03 Acres
Property subtype
Quadruplex
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,219
Building Details
Building Size
2,970 SF
Year Built
1915
Buildings
1
Listing Agency:
Compass Pennsylvania, LLC
(610) 717-8390
Listed By:
Gregory M Eleftherakis · License #RS322562
(610) 717-8390
Source:
Patmckennarealtors
Added: May 29
Changed: Aug 2
Last Checked: Aug 2 at 6:15AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
Built in 1915, this Philadelphia quadplex occupies an approximately 18-foot-wide by 80-foot-deep footprint. The unit mix includes two spacious two-bedroom apartments and two studio units, along with a full unfinished basement. The first floor is eligible under zoning for medical or professional commercial use and is currently configured as a residential two-bedroom unit. Original architectural details remain throughout the property and may be incorporated into future renovation plans.
The property is located near East Passyunk Avenue’s restaurants, shops, cafés, and nightlife, with Columbus Square Park, the Italian Market, Newbold, and West Passyunk within walking distance. Tasker-Morris subway station is one block away, providing direct 15-minute access to Center City and the South Philly stadiums.
The property is located near East Passyunk Avenue’s restaurants, shops, cafés, and nightlife, with Columbus Square Park, the Italian Market, Newbold, and West Passyunk within walking distance. Tasker-Morris subway station is one block away, providing direct 15-minute access to Center City and the South Philly stadiums.
Key Highlights
- Quadplex built in 1915 with two 2‑bedroom units and two studio units
- 18' wide x 80' deep footprint
- Full unfinished basement
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 | $76.6k | $25.80 |
| − Vacancy | −$4.2k | −$1.42 |
| EGI | $72.4k | $24.38 |
| − OpEx | −$21.7k | −$7.31 |
| NOI | $50.7k | $17.06 |
2,970 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$724.0K
$633.5K – $844.7K
NOI $50,683 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$667.4K
$584.0K – $778.6K
NOI $46,717 @ 7.0% cap · market cap 6.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,142
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
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?
Quadplex - Four-unit property near East Passyunk Avenue with flexible residential layouts and potential medical or professional commercial use on the first floor.
Where is this quadplex located?
The property is located at 1803 S BROAD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Quadplex built in 1915 with two 2‑bedroom units and two studio units; 18' wide x 80' deep footprint; Full unfinished basement
