REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Wed

Dec

Thu

Dec

Fri

Dec

Dana Ubele

dana@thepropertyalliance.com +1(856) 888-1133

Listed by Saam Tashayyod • Trophy Commercial Real Estate LLC

$ 1,982,500

Est. payment -/mo

Save

Price Dropped by $117K

150 W WASHINGTON LN Philadelphia, PA 19144

0.59 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Germantown

MLS Listing ID PAPH2522108

Year Built 1900

Annual Tax Amount $6,912

Tax Year 2024

Lot Size 0.589 Acres

Acres 0.59

Lot Dimensions 84.00 x 156.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property 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 7.51%, with a projected Year 1 return of 8.60%. 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.

Location

State PA

County Philadelphia

Area 19144 (19144)

Zoning RSA2

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Flooring Wood, Vinyl

Heat Source Natural Gas

Exterior

Garage Spaces 12.0

Water Access N

Roof Type Pitched

Accessibility None

Total Parking Spaces 12

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881212200

Ownership Fee Simple

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

Dana Ubele

Broker | License ID: 0448855

+1(856) 888-1133

Dana Ubele

150 W WASHINGTON LN Philadelphia, PA 19144

Key Details

Location

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

150 W WASHINGTON LN