1715 S 18th St, Philadelphia, PA 19145

Property Description

Rare opportunity to own a brand-new, three-unit mixed-use property on a prominent corner in South Philadelphia, complete with a 10-year tax abatement and 1-year builder's warranty. The property includes a commercial space spanning the first floor and fully finished basement, plus two residential units, each offering two bedrooms across multi-level layouts. The projected gross potential income is $81,600 annually ($6800/month), consisting of $24,000/year from the commercial space ($2,000/month), $27,600/year from Unit 1 (2 bedroom, 2 bathroom at $2,300/month), and $30,000/year from Unit 2 (2 bedroom, 2 bathroom with private roof deck at $2,500/month). For an owner-occupant, the commercial space creates an opportunity to operate a business while the residential units generate income, or use all three units as an investment property with a projected 7.2% cap rate. Modern construction and finishes throughout include open-concept floor plans, wood flooring, recessed lighting, contemporary kitchens with quartz countertops, white shaker cabinetry and stainless steel appliances, stylish bathrooms, and in-unit laundry. The upper residential levels also offer access to a private roof deck with expansive city views. Located in the Point Breeze/Newbold area of South Philadelphia, this property offers convenient access to neighborhood restaurants, cafés, shops, fitness options, parks, and everyday amenities. Columbus Square and the Broad Street Line are nearby, with major routes including I-76 and I-95 providing easy access throughout Philadelphia and beyond. Center City, the stadium district, Philadelphia International Airport, and bridges to New Jersey are all within convenient reach. Whether you're looking to run your business from the commercial space, househack with two income-producing residences, or build your investment portfolio, this flexible new-construction property offers a rare combination of commercial utility, residential income, modern finishes, and long-term upside.