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1316 S Broad St 21 Unit Apartment Building $1,950,000 ($92,857/Unit) Philadelphia, PA 19146
Executive Summary
Welcome to 1316 S Broad Street, a prime 2018 construction multi-family asset located on one of Philadelphia’s most recognizable corridors. This well-maintained building features six total units, consisting of three spacious 1 bed / 1 bath units and three generously sized 2 bedroom units, offering an ideal unit mix for strong rental demand. Each residence showcases modern finishes, contemporary layouts, and quality craftsmanship throughout. The property offers exceptional outdoor amenities including two private roof decks — one shared roof deck with sweeping city views for all residents and a separate exclusive roof deck reserved for the penthouse unit — as well as a private rear backyard space. Positioned in a high-visibility South Broad Street location with easy access to Center City, public transportation, restaurants, and retail, this turnkey investment presents an outstanding opportunity for both seasoned and first-time investors seeking stable income in a premier Philadelphia location. Photos are from previous listings.
Property Facts
| Price | $1,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $92,857 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 21 | Building Size | 2,566 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2018 |
| Zoning | RSA5 | ||
| Price | $1,950,000 |
| Price Per Unit | $92,857 |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 2,566 SF |
| No. Stories | 3 |
| Year Built | 2018 |
| Zoning | RSA5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $2,200 | 1 |
| 2+2 | 2 | $2,250 | 1 |
| 1+1 | 3 | $1,600 | 1 |
| 1+1 | 4 | $1,375 | 1 |
| 2+1.5 | 5 | $2,700 | 1 |
| 1+1 | 6 | $1,445 | 1 |
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Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 881133075 | Improvements Assessment | $1,134,000 |
| Land Assessment | $126,000 | Total Assessment | $1,260,000 |
Property Taxes
Parcel Number
881133075
Land Assessment
$126,000
Improvements Assessment
$1,134,000
Total Assessment
$1,260,000
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