2243 N BROAD STREET, Philadelphia, PA 19132
- Added:
- Apr 21, 2026
- Days on Market:
- 51
- Last Refresh:
- Jun 10 at 3:06 pm
Property Features for 2243 N BROAD STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1408
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2023
- Architectural style
- Other
Listing agent Philly Home Advisors (267) 326-1272
Listing office BHHS Fox & Roach Center City-Society Hill 530 Walnut Street, Suite 480, PA (215) 627-6005
Listing date Apr 21, 2026
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.
HighLights
- Exceptional 7.44% cap rate and 1.28 DSCR, offering immediate financing upside
- New construction (built in 2023) with high‑end finishes and spacious layouts
- Fully occupied, 11‑unit mixed‑use property generating $184,860 in annual gross income with stable cash flow
- Six years remaining on a ten‑year tax abatement, significantly reducing operating expenses
- All residential units leased to PHA tenants with rents secured, providing predictable, low‑risk income
- One year of free property management included, providing immediate operational support
Overview
The property is located at 2243 N Broad Street in Philadelphia, PA 19132. The listing notes proximity to Temple University’s main campus and Temple University Hospital. It is described as being accessible via public transit, including nearby Broad Street Line service and multiple bus routes.
For investors or owner-operators seeking a turnkey, ready-to-operate asset, this property includes existing occupancy and established income streams across residential and commercial components. The listing also states the property has a ten-year tax abatement with over six years remaining, and that it has recently passed reinspection. Additional listed incentives include one year of free property management, which may help reduce near-term operational burden. Overall, it presents a new-construction mixed-use structure with separately metered units, in-unit laundry, and an existing rent base from day one.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.155487
- Latitude
- 39.987412