USAPAPhiladelphiaNewbold1602 S Broad St
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New
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$800,000

For Sale

3 days ago

1602 S Broad St, Philadelphia, PA

House

MLS® PAPH2678146

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes $7,779
Days Active 3
Lot Size 0.04 Acres
Approx. Age 1915
MLS® Number PAPH2678146

Property Address: 1602 S Broad St, PHILADELPHIA, PA, 19145-1549

Average square foot calculated using Size range provided by listing agent.

Description

Introducing 1602 S Broad Street, a newly renovated mixed-use property featuring two residential units above a ground-floor commercial space, ideally located near Passyunk Square. The approximately 1, 000 SF commercial unit is currently zoned for use as a medical office. Unit 2 is an 844 SF, 2-bedroom, 1-bath apartment, while Unit 3 offers approximately 1, 200 SF with 2 bedrooms and 2 full bathrooms. All three units are currently vacant and listed for lease, providing flexibility for an investor or qualified owner-occupant. The property can also be delivered occupied should a buyer prefer a stabilized investment. At the $800, 000 asking price and based on current listed rents, the property projects a pro forma NOI of $52, 086, representing a 6.51% cap rate and a 1.23 DSCR at a 6.5% interest rate. With newly renovated interiors, flexible occupancy options, and a prime South Broad Street location, 1602 S Broad presents an attractive opportunity for both investors and owner-occupants.
MLS® NumberPAPH2678146
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1915
Basement
DrivewayNone
Garage Spaces
HeatForced Air, Natural Gas
A/CDuctless/Mini-Split, Electric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 7, 2026List Date
$800,000List Price
-End Date
Not Sold YetSold Price

For Sale

Feb 4, 2026List Date
$849,000List Price
  • Commute

Commute

Starting Address
Destination Address
1602 S Broad St, Philadelphia, PA

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