$1,100,000

1602 S Broad St Philadelphia, PA 19145

$10,000
Closing credit¹
3,833 sqft
0.04 acres
$287 / sqft
Multi-Family

Property details

About 1602 S Broad St

1602 S Broad St is a fully renovated, income-producing triplex located in the heart of South Philadelphia’s 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. It’s 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.

Highlights

Home typeTriplex
HeatingForced Air
StatusActive
(ACTIVE)
Size3,833 sqft
Lot size0.04 Acres
Year built1915
MLS #PAPH2477532

Summary

  • Parking: None
  • Architectural Style: Other
  • Heating: Forced Air
  • List Price: $1,100,000
  • Price/SqFt: $286
  • Annual Tax Amount: $8,449
  • Tax Year: 2023
  • Directions: travel south on Broad St from city hall
  • Year Built: 1915
  • Living Area: 3,833 SqFt
  • Municipality: Philadelphia
  • Lot Size: 0.04 Acres
  • MLS Number: PAPH2477532
  • MLS Name: BRIGHT
  • Office Name: Acquisition Team LLC
  • Office Phone: (856) 214-5397
  • Office Email: gene@acquisitionteam.com
  • Listing Agent: Eugene Zlotnikov
  • Agent Phone: (856) 214-5397
  • Agent Email: genez512@gmail.com

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2025, 8:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of building exterior

$1,100,000

1602 S Broad St

$10,000

closing credit¹

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Price information

Property sales

DateEventPrice
Nov 01, 2021
Home Sold
$515,000

Tax history

YearAssessmentProperty Tax
2023$603,600$8,449
2022$603,600$7,242
2021$-$7,242
2020$517,400$7,242
2019$512,300$7,171
2018$497,400$6,962
2017$294,100$4,116

History based on county public records data.

Nearby schools

3

Stephen Girard Elementary School

Public District KG-4

0.6 mi

1800 Snyder Ave

5

Francis Scott Key School

Public District KG-6

0.8 mi

2230 S 8th St

7

Abram Stockton Jenks School

Public District KG-5

0.8 mi

2501 S 13th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $36,824. The majority of Philadelphia, PA residents have income less than $<35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

48%
<35k
46%
35k-100k
6%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Doctorate

What types of families live nearby?

46%
Single, No Kids
14%
Single, with Kids
24%
Married, No Kids
16%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

12%
<11 yrs old
7%
12-17 yrs old
34%
18-34 yrs old
37%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • H&MH&M
  • BurlingtonBurlington
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • White CastleWhite Castle
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • NissanNissan
  • KiaKia
  • DodgeDodge

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 1602 S Broad St in Philadelphia, PA and zip code 19145 in the South Philadelphia neighborhood. This 3,833 square foot home, which was built in 1915, sits on a 0.04 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since May 2, 2025 and is currently priced at $1,100,000.

Between March and April 2025, Philadelphia, PA real estate market has seen increase in the number of listings by 49.7%. Listings spent 88 days on the market in April 2025, and had a median list price of $291,214 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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