USAPAPhiladelphiaGermantown150 W Washington Ln
150 W Washington Ln, Home with 0 bedrooms, 0 bathrooms and null parking in PHILADELPHIA PA | Image 1
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$2,145,000

150 W Washington Ln, Philadelphia, PA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $6,912
Days Active 6
Approx. Age 1900
MLS® Number PAPH2522108

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

144 & 150 Washington Lane, a fully leased 13-unit multifamily investment located in the highly desirable Mount Airy section of Northwest Philadelphia. This ±10, 840 SF property consists of two contiguous, separately metered buildings featuring a diversified unit mix of 1-, 2-, and 3-bedroom layouts—ideal for tenant retention and income stability. Situated on an oversized ±25, 513 SF lot, the asset delivers strong cash flow from day one with $18, 282/month in scheduled rents and minimal deferred maintenance. The in-place CAP rate is 6.94%, with a projected Year 1 return of 8.34%. With current ownership achieving high occupancy and low turnover, this is a turnkey opportunity for investors seeking passive income in a strong rental corridor. The property benefits from proximity to the regional rail line, Germantown Avenue retail and restaurants, and other lifestyle amenities. With its strategic location, solid rent roll, and operational efficiency, 144 & 150 Washington Lane represents a high-quality, yield-focused multifamily investment in one of Northwest Philadelphia’s most stable rental markets.Show Description
MLS® NumberPAPH2522108
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Natural Gas
A/CNone, Electric
Heating Fuel

Extras

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