Property

Philadelphia, PA 19145 1602 S Broad Street

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Presented By: Acquisition Team LLC
  • MLS# PAPH2477532
  • 05/02/2025
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  • Beds • 4

Home Details

1602 S Broad St is a fully renovated, income-producing triplex located in the heart of South Philadelphias bustling Broad Street corridor. The property consists of a leased commercial storefront and two leased residential apartments, offering a turnkey investment with immediate cash flow. Each unit has been meticulously updated with a blend of original architectural character and modern finishes. Interiors feature high ceilings, large windows, in-unit laundry, stainless steel appliances, quartz countertops, and designer tile bathrooms. Smart home upgrades and thoughtful design choices throughout enhance the appeal for both commercial and residential tenants. The building sits just steps from the Tasker-Morris Broad Street Line station, providing easy access to Center City and other parts of the city via public transit. Its also located around the corner from the popular Passyunk Square neighborhood, known for its vibrant mix of restaurants, boutiques, and cafes. This high-visibility location benefits from strong foot traffic, dense residential surroundings, and continued growth in the surrounding area. With all units leased and minimal maintenance required, 1602 S Broad St is a strong addition to any investment portfolio.
Presented By: Acquisition Team LLC

Interior Features for 1602 S Broad Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 1602 S Broad Street

AccessibilityNone
Architectural StyleOther
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingDuctless/Mini-Split
CountyPHILADELPHIA
Directionstravel south on Broad St from city hall
Garage Y/NNo
HeatingForced Air
Lease TypeGross
Lot Size Square Feet1640.00
Lot Size UnitsSquare Feet
MLS Area19145 (19145)
ModificationTimestamp2025-05-06T15:40:20
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG286.98
Property SubtypeTriplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeInterior Row/Townhouse
Tax Annual Amount8715.0
Tax Assessed Value622600.0
Tax Lot328
Tax Year2024
Total Actual Rent87749.00
Total SQFT3833
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningRSA5

Exterior for 1602 S Broad Street

Foundation DetailsConcrete Perimeter
Land Assessed Value124520.00
Land Use CodeY50
Lot Dimensions20.00 x 82.00
Lot Size Acres0.04
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Charles Torres

Owner
Price $1,100,000
MLS#PAPH2477532
List Date 05/02/2025
Property Type Multi-Family
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