Philly CRE Advisors proudly presents 1618 S Broad St, a recently renovated and well-maintained multifamily asset prominently positioned along the highly visible Broad Street corridor in South Philadelphia’s Newbold neighborhood, offering a compelling opportunity for investors seeking strong in-place cash flow in one of the area’s most strategically located and steadily appreciating corridors. The property consists of three well-appointed residential units featuring modern finishes, central air, in-unit washer and dryer, and updated mechanical systems, providing contemporary comfort with minimal near-term capital expenditure requirements. The unit mix includes Unit 1, a 2-bedroom, 2-bathroom residence leased at $2,100 per month; Unit 2, a 2-bedroom, 2-bathroom residence leased at $2,200 per month; and Unit 3, a 3-bedroom, 2-bathroom residence leased at $2,100 per month, generating a total of $6,400 per month ($76,800 annually) in gross residential income and delivering immediate stabilized cash flow supported by strong rental fundamentals. Located steps from Methodist Hospital, the South Philadelphia Sports Complex, and the vibrant Passyunk Avenue dining and retail corridor, the property benefits from exceptional visibility, accessibility, and proximity to Broad Street transit with seamless access to Center City, positioning the asset for long-term appreciation and sustained rental demand in one of South Philadelphia’s most active and resilient submarkets.
Listed by ERIC Andrew Dvotsky
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License #rs332410
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BHHS Fox & Roach-Center City Walnut
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2672434652
Last updated March 13, 2026
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Source: BrightMLS #PAPH2587622
Listing Facts
TypeMulti-family
NeighborhoodNewbold
Days on Prevu17
Taxes$8,184/year
Size3,460 sqft
Price per sqft$275
Location
Mortgage Calculator
Listing History
02/27/2026
Listed by BHHS Fox & Roach-Center City Walnut
$950,000
Property Details for 1618 S Broad Street
Exterior
Construction
New Construction: No
Number Of Units Total: 3
Year Built: 1915
Architectural Style: Contemporary
Construction Materials: Masonry
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.03
Lot Size Dimensions: 18
Lot Size Source: Assessor
Lot Size Square Feet: 1,476
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $8,184.00
Tax Year: 2025
Interior
Features
Fireplace: No
Measurements
Living Area: 3,460
Living Area Source: Assessor
Other
Location
Subdivision Name: NEWBOLD
Tax Lot: 316
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Ductless/Mini-Split
Heating: Other
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 1618 S Broad Street.
What are the annual taxes for 1618 S Broad Street?
Annual taxes for this multi-family home are estimated at $8,184.
How does 1618 S Broad Street compare to other multi-family homes in Newbold?
This multi-family home is listed 42% above the average price for multi-family homes in Newbold and has been on the market for 105 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 3,460 sqft.
1618 S Broad Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19145. Available on Prevu for 17 days at $950,000. This home features 3,460 square feet of living space, located in Newbold. The median listing price for multi-family homes in this area is $345,750. Explore more multi-family home listings in Philadelphia.
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