1618 South Broad Street
Fully renovated triplex at 1618 S Broad Street, Philadelphia, offered at $800,000. The Class B multifamily property is 100% occupied with three units—two 2-bed/2-bath and one 3-bed/2-bath—all leased through 2027, generating $78,720 in annual rent and delivering a 1.32 DSCR at 6.5% financing.
Built across 3,459 SF on an RSA5-zoned lot, the property is positioned along South Broad Street in a rapidly revitalizing corridor anchored by nearby Passyunk Square, Newbold, and Point Breeze neighborhoods. The area is experiencing ongoing development and rising property values, making this a turnkey income play for investors seeking stable cash flow in a high-growth South Philadelphia market.
- 100% occupied with leases locked through 2027
- $78,720 annual rental income
- 1.32 DSCR at 6.5% financing
- Fully renovated, turnkey condition
- Strong growth corridor in South Philadelphia
More property details
Location
Located at 1618 S Broad St, this fully renovated triplex presents a turnkey investment opportunity in a rapidly developing area of South Philadelphia. The property is 100% occupied and consists of two spacious 2-bedroom, 2-bathroom units and one 3-bedroom, 2-bathroom unit, with all tenants secured under leases through 2027, providing stable, immediate rental income. The property generates approximately $78,720 in annual rent and offers a 1.32 DSCR based on a 6.5% interest rate, providing strong debt-service coverage for investors. Positioned along S Broad St, the property benefits from the ongoing growth and revitalization of nearby neighborhoods, including Passyunk Square, Newbold, and Point Breeze. With continued development and increasing property values throughout South Philadelphia, this asset offers an attractive opportunity to acquire a renovated, income-producing multifamily property in a market with strong growth potential.