1602-00 S BROAD ST, Philadelphia, PA 19145

Property 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.

Listing Status:

Active

Data Last Updated:

October 27, 2026 at 4:20PM

Listing Office:

SDG Management, LLC : 2672392424

Listing Agent:

Jason Kleinman : 9082173922

MLS ID:

PAPH2678146

Interior

• A/C: Ductless/Mini-Split
• Heating: Forced AirNatural Gas
• Disability Feature: None

Construction

• General: Masonry

Location

• Originating MLS: BRIGHT_MAIN
• School District: THE SCHOOL DISTRICT OF PHILADELPHIA
• County: PHILADELPHIA-PA

Lot

• Zoning: RSA5871169750

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN