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$800,000 Just Listed

  • For Sale
  • Active
  • Commercial Institutional
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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.

Full Property Details for 1602 S Broad St

General

  • Price: $800,000
  • Taxes: $7,779 (2027)
  • Status: Active
  • Type: Commercial Institutional
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2678146
  • Updated: 10/7/2026
  • Added to Site: 1 day(s) ago

Business

  • Business Type: Medical

Parking

  • Parking Type: None

Location

  • Area: 19145 (19145)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Cross Streets: 306 Queen St
  • Driving Directions: GPS

Heating & Cooling

  • Cooling Type: Ductless/Mini-Split
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Water Heater: 60+ Gallon Tank

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Masonry
  • Basement: Yes
  • Ceiling Height: 10' to 12'
  • Building Size: 3833
  • Year Built: 1915
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Size (Sq. Ft.): 1,640
  • Lot Size Source: Estimated
  • Lot Dimensions: 20.00 x 82.00
  • Zoning: RSA5

Financial Considerations

  • Price Per Sq. Ft.: $208.71
  • School Tax: $4,356
  • City/TownTax: $3,422
  • City/TownTax Freq: Annually
  • Tax w/Assessment: $555,700
  • Tax Amount: $7,779
  • Tax Year: 2027

Disclosures and Reports

  • Ownership: Fee Simple
  • Investment: Yes

Listed by SDG Management, LLC, Jason Kleinman

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Listing agent

— 1602 S Broad St —

  • Jason Kleinman

    SDG Management, LLC

Listing Office Email: sdgreinfo@gmail.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1602 S Broad St

School District:Philadelphia City School District
NameGradesDistance
Childs George W School
1599 Wharton Street, Philadelphia, PA 19146
K-80.3 mi
South Philadelphia High School
2101 South Broad Street, Philadelphia, PA 19148
9-120.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1602 S Broad St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/07/2026
Listed
$800,000
55.34%
MLS
7/16/2021
Sold
$515,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1602 S Broad St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$8,715
—
$555,700
-11%
2025
$8,715
—
$622,600
—
2024
$8,715
3%
$622,600
3%
2023
$8,449
17%
$603,600
100%
2021
$7,243
—
-100%
2020
$7,243
1%
$517,400
1%
2019
$7,171
3%
$512,300
3%
2018
$6,963
69%
$497,400
69%
2017
$4,117
—
$294,100
—
2016
$4,117
4%
$294,100
—
2015
$3,941
—
$294,100
—
2014
$3,941
68%
$294,100
1124%
2013
$2,348
—
$24,032
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by SDG Management, LLC, Jason Kleinman

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1602 S Broad Street, Philadelphia, PA 19145 (MLS# PAPH2678146) is a Commercial Institutional property. 1602 S Broad Street is currently listed for $800,000 and was received on October 07, 2026. Want to learn more about 1602 S Broad Street? Do you have questions about finding other Commercial Institutional real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

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