Mixed-Use Building with Street
1909 S Broad St Philadelphia, PA 19148
For Sale
Contact for pricing
Three residential units sit above a leased street-level commercial space along a highly visible South Philadelphia corridor.
Property Size3,311 SF
Price / SF$226.52
Days on Market124
Property Features for 1909 S Broad St
General Information
- Standard status
- Active
- Size
- 3,311 SF
- Property subtype
- Mixed Use, Multifamily
Listing Agency:
SDG Real Estate
Listed By:
Jason Kleinman · License #PA362457
Source:
Crexi
Added: Mar 23
Changed: Jul 21
Last Checked: Jul 24 at 11:07AM
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
Investment Insights
Based on property information with market context.
1909 S Broad St is a mixed-use property featuring three residential units above a street-level commercial space. The commercial tenant is leased through February 2031 and the unit is currently undergoing renovations as the tenant completes their buildout ahead of a new five-year lease.
The property is situated along the South Broad Street corridor and is described as highly visible and transit-oriented, with convenient access to Center City and other employment hubs. It is located two blocks from the Broad Street Line, and the surrounding area is anchored by established dining destinations including Barcelona Wine Bar, Hardena, Stogie Joe’s, and Le Virtù.
The asset is positioned to generate $65,760 in annual rental income, combining long-term residential demand with an in-place retail tenant.
The property is situated along the South Broad Street corridor and is described as highly visible and transit-oriented, with convenient access to Center City and other employment hubs. It is located two blocks from the Broad Street Line, and the surrounding area is anchored by established dining destinations including Barcelona Wine Bar, Hardena, Stogie Joe’s, and Le Virtù.
The asset is positioned to generate $65,760 in annual rental income, combining long-term residential demand with an in-place retail tenant.
Key Highlights
- Mixed‑use building with three residential units above a street‑level commercial space along South Broad Street.
- Commercial unit is leased through February 2031.
- Annual rental income of $65,760.
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 | $85.4k | $25.80 |
| − Vacancy | −$4.7k | −$1.42 |
| EGI | $80.7k | $24.38 |
| − OpEx | −$24.2k | −$7.31 |
| NOI | $56.5k | $17.06 |
3,311 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$807.2K
$706.3K – $941.7K
NOI $56,502 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$744.0K
$651.0K – $868.0K
NOI $52,080 @ 7.0% cap · market cap 6.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Faith Hope love ...
Daycare Center
Champion Roof Repair ...
Roofing Company
Casey's Best Heating ...
HVAC Service
FAQs
What type of property is this?
Triplex - Three residential units sit above a leased street-level commercial space along a highly visible South Philadelphia corridor.
Where is this triplex located?
The property is located at 1909 S Broad St Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Mixed‑use building with three residential units above a street‑level commercial space along South Broad Street.; Commercial unit is leased through February 2031.; Annual rental income of $65,760.
