0.59 Acres Lot
0.59 Acres Lot
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
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
- 7
Cedarbrook Middle School
Public | 5 - 8
- 6
Green Woods Charter School
Public | KG - 8
- 4
Cook-Wissahickon Elementary School
Public | KG - 8
- 4
Emlen Elementary School
Public | KG - 5
- 4
John F. McCloskey School
Public | KG - 8
- 4
Wissahickon Charter School
Public | KG - 8
- 4
Mastery Charter School - Francis D. Pastorius Elemen
Public | KG - 8
- 4
Kipp Philadelphia Charter School
Public | KG - 12
- 3
Jenks Academy for the Arts and Sciences
Public | KG - 8
- 3
Charles W. Henry School
Public | KG - 8
- 3
Henry H. Houston Elementary School
Public | KG - 8
- 3
Thomas Mifflin School
Public | PK - 8
- 3
Imani Educationl Circle Charter School
Public | KG - 8
- 3
Fitler Academics Plus
Public | 1 - 8
- 3
Grover Cleveland Mastery Charter School
Public | KG - 8
- 3
Mastery Charter School - Clymer Elementary
Public | KG - 8
- 3
William Rowen Elementary School
Public | KG - 5
- 2
Anna Lane Lingelbach School
Public | KG - 8
- 2
Khepera Charter School
Public | KG - 8
- 2
Rhodes Elementary School
Public | KG - 8
- 9
Hill J E/Freedman Samson
Public | 6 - 9
- 7
Amy NW
Public | 6 - 8
- 4
Mastery Charter School-Pickett Campus
Public | 6 - 12
- 2
Eastern University Academy Charter School
Public | 7 - 12
- 2
Anna Blakiston Day School
Public | EE - 8
- 1
Morris E. Leeds Middle School
Public | 6 - 8
- 1
General Louis Wagner Middle School
Public | 6 - 8
- 0
The Crefeld School
Private | 7 - 12
- 0
Wordsworth Academy
Private | 6 - 12
- 9
Central High School
Public | 9 - 12
- 6
Girls High School
Public | 9 - 12
- 5
Multi-Cultural Academy Charter School
Public | 9 - 12
- 4
Saul W B Agricultural School
Public | 9 - 12
- 4
Parkway Northwest
Public | 9 - 12
- 2
Randolph A. Philip Avt High School
Public | 9 - 12
- 1
Roxborough High School
Public | 9 - 12
- 1
Dobbins Avt High School
Public | 9 - 12
- 1
Promise Academy at Martin Luther King High School
Public | 9 - 12
- 1
Act Academy Cyber Charter School
Public | 9 - 12
- 1
Mastery Charter School at Gratz
Public | 9 - 12
- 1
Imhotep Institute Chs
Public | 9 - 12
- 1
Delaware Valley Chs
Public | 9 - 12
- 0
Bridge Way School
Private | 10 - 12
- 0
Mercy Vocational High School
Private | 9 - 12
- 0
Hope Charter School
Public | 9 - 12
- 0
Cristo Rey Philadelphia High School
Private | 9 - 12
- 0
Little Flower Catholic High School
Private | 9 - 12