$800,000

Property Description

Welcome to 1618 S Broad St, a beautifully renovated triplex offering an exceptional opportunity to own a turnkey, income-producing asset in one of South Philadelphia's rapidly evolving neighborhoods. The property has been 100% renovated and is currently 100% occupied, featuring two spacious 2-bedroom, 2-bathroom units and one 3-bedroom, 2-bathroom unit. All tenants are secured under leases through 2027, providing an investor with immediate, stable cash flow and long-term occupancy. The building generates $78,720 in annual rental income and, at a 6.5% interest rate, delivers an attractive 1.32 DSCR, making this an excellent opportunity for investors seeking strong debt-service coverage and a turnkey multifamily asset. Beyond the numbers, the location is a major part of the story. Situated on S Broad St, the property benefits from the continued transformation of the surrounding area, with Passyunk Square, Newbold, and Point Breeze all contributing to the neighborhood's growing appeal. As development continues and property values rise throughout South Philadelphia, 1618 S Broad St offers investors the opportunity to acquire a fully renovated asset in an area with significant momentum.

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Aug 24, 2026

Price per Sq Ft

$231/sqft

ZIP Code

19145

Parking

On Street

Heating

Heat Pump(S)

Cooling

Ductless/Mini Split

Construction

Masonry

Style

Traditional

Property Tax (2026)

$8,184/yr

Assessed Value

$584,700

Last Sold

$575,000 · Sep 24, 2024

Neighborhood

South Philadelphia

County

Philadelphia

School District

The School District of Philadelphia

Estimated Value

Automated estimate. Not an appraisal.

Features & Amenities

Location

Lat 39.92998 · Lng -75.16881