1614 S Broad St, Philadelphia, PA 19145

Property Description

Situated along the South Broad Street corridor, 1614 S Broad St offers the opportunity to acquire a well-maintained multifamily property in a highly accessible, transit-oriented location in South Philadelphia, generating annual rental income of $98,378. The property consists of seven one-bedroom, one-bathroom units, all of which have been consistently cared for by current ownership. Several units have been fully renovated, including one renovated unit located below grade, demonstrating the achievable finish level and rent potential within the building. The remaining units are in solid condition and present light value-add opportunities through future turnover, allowing for incremental rent growth without the need for extensive capital investment. Located directly on the Broad Street Line, the property benefits from excellent connectivity to Center City, Passyunk Square, and major employment centers, supporting strong and durable tenant demand. Ongoing investment along the Broad Street corridor continues to reinforce the area’s appeal and long-term rental fundamentals. With in-place income, a history of maintenance, and clear upside through unit-by-unit improvements as tenants turn, 1614 S Broad St is well positioned for investors seeking a stabilized asset with manageable growth potential in a proven South Philadelphia market.