Investments Sales Management

Straight Thru

1112 LOMBARD STREET 20

PHILADELPHIA , PA 19147

MLS#: PAPH2454238

$2,999,999

Status: Closed
Listing number: PAPH2454238
Listing provided by: Keller Williams Liberty Place
Listing agent phone: None
Last update: 2 months ago
On site: 4 months ago
Browse Properties
WASHINGTON SQ WEST - Residential Income

Property

Beds

25

Full Baths

None

1/2 Baths

None

Year Built

1968

Sq.Footage

18,000

INTRODUCING: 1112-20 Lombard Street in Philadelphia, Pennsylvania. This 13-unit value-add apartment building is exceptionally located in the coveted Washington Square West district of downtown Philadelphia. Opportunities to acquire value-add multifamily properties such as this rarely come about. This asset has been held by Ownership for over 50 years as a perennially-leased asset. Historically known as Washington Mews Apartments, this building provides the ultimate in convenience and charm with its spacious interiors and unique redbrick curb appeal — fashioned out of an old church building and converted into modern multifamily. An impressive unit matrix is as follows: one (1) studio, one (1) 1-bedroom, nine (9) 2-bedrooms, and two (2) 3-bedroom apartments. A "super" unit can also be achieved via zoning to create a 14-unit building. An 8.68% pro forma cap rate provides highly attractive upside for new Ownership. Rents can readily be raised (±33%) with a cosmetic upgrade of the building's kitchens, baths, and common spaces. Expenses can be reduced by ±25% to minimize the OPEX statement and boost the NOI. Each unit contains washer-dryer as an added amenity. The asset is extremely well-located by neighborhood parks, fashionable restaurants, accessible public transit and all the amenities that Center City Philly has to offer — insulated from market fluctuations and always in-demand within the tenant marketplace. Purchase value-add real estate in a Top-10 USA MSA for just $230K per unit! Full details coming soon.

Features & Amenities

Interior

  • Total Bedrooms

    25

  • Bathrooms

    N/A

  • Above Grade Finished Area

    18000.0

  • Cooling YN

    YES

  • Cooling

    Central Air, Gas

  • Heating YN

    YES

  • Heating

    Natural Gas, Central

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

  • View

    City

Area & Lot

  • Lot Size(acres)

    0.13

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Straight Thru

Price

  • Sales Price

    $2,999,999

  • Tax Amount

    27996.0

  • Sq. Footage

    18, 000

  • Price/SqFt

    $166

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

PHILADELPHIA

Elementary School

Middle School

High School

Listing Courtesy of Ryan J McManus , Keller Williams Liberty Place

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
INTRODUCING: 1112-20 Lombard Street in Philadelphia, Pennsylvania. This 13-unit value-add apartment building is exceptionally located in the coveted Washington Square West district of downtown Philadelphia. Opportunities to acquire value-add multifamily properties such as this rarely come about. This asset has been held by Ownership for over 50 years as a perennially-leased asset. Historically known as Washington Mews Apartments, this building provides the ultimate in convenience and charm with its spacious interiors and unique redbrick curb appeal — fashioned out of an old church building and converted into modern multifamily. An impressive unit matrix is as follows: one (1) studio, one (1) 1-bedroom, nine (9) 2-bedrooms, and two (2) 3-bedroom apartments. A "super" unit can also be achieved via zoning to create a 14-unit building. An 8.68% pro forma cap rate provides highly attractive upside for new Ownership. Rents can readily be raised (±33%) with a cosmetic upgrade of the building's kitchens, baths, and common spaces. Expenses can be reduced by ±25% to minimize the OPEX statement and boost the NOI. Each unit contains washer-dryer as an added amenity. The asset is extremely well-located by neighborhood parks, fashionable restaurants, accessible public transit and all the amenities that Center City Philly has to offer — insulated from market fluctuations and always in-demand within the tenant marketplace. Purchase value-add real estate in a Top-10 USA MSA for just $230K per unit! Full details coming soon.

1112 LOMBARD STREET 20

Message successfully sent.

What would you like to know?

Related Properties

On behalf of ownership, The TCS Group is pleased to present the exclusive opportunity to acquire the fee simple interest in 707 Chestnut Street — home to Jefferson Flats, a boutique collection of five well-appointed two-bedroom apartments located in the heart of Center City Philadelphia. The property also features 4,200 square feet of prime ground-floor retail space, currently leased to an established restaurant operator with a newly extended lease. An additional 4,546 square feet of commercial space spans the second and third floors, offering flexible potential for various future uses. This offering presents new ownership with a compelling value-add opportunity. With modest upgrades to the building’s common areas and light cosmetic enhancements to the residential units, there is strong potential to increase rental income. Moreover, a strategic approach to activating and monetizing the upper-level commercial space can unlock significant additional cash flow for an incoming investor.
#PAPH2485058

PHILADELPHIA

707 CHESTNUT STREET

10 Beds

None Baths

25,374 Sq.Ft.

$3,000,000

MLS#: PAPH2485058

307 S. Chadwick Street is a rare chance to own a masterfully designed duplex tucked on one of Center City’s most charming, historic blocks. Once a 19th-century carriage house, this architect-owned residence was transformed over five decades by Frank Weise into a bold statement of mid-century and postmodern design. The striking façade fuses a Kahn-inspired brick center with a dramatic copper-clad mansard roof and cantilevered metal cornice—where even utilitarian features like the original hoisting boom double as sculpture. Restored and updated by Weise’s heirs, this home is both a time capsule and a modern masterpiece. Configured as a duplex with separate entrances, the lower unit—Weise’s former studio—spans three levels plus a basement. Soaring 16’ ceilings, slate floors, a floating staircase, and the iconic honeycomb window wall make this space unforgettable. A kitchenette and half bath add flexibility for creative or live/work use. Upstairs, the private residence is a sun-drenched sanctuary with dramatic volumes, a chef’s kitchen, guest bedroom, and a top-floor primary suite offering 360° views of the city skyline. The upper lounge includes laundry and access to a potential roof deck. With three bedrooms, 1.5 baths, and a private carport, this one-of-a-kind home offers style, function, and flexibility just steps from Rittenhouse Square. A true architectural gem—perfect for live/work, multigenerational living, or a savvy investor.
#PAPH2489116

PHILADELPHIA

307 S CHADWICK STREET

3 Beds

None Baths

2,698 Sq.Ft.

$3,300,000

MLS#: PAPH2489116

Magnificent opportunity to own a Rittenhouse Square brownstone 9-unit apartment building in amazing condition! Located at one of the best corners in Rittenhouse, 18th & Spruce. One block to the Square, 50 yards away form Rittenhouse Market, 100 yards away from Starbucks. The units are under rented so there is room for increases plus separate utilities. Property is updated throughout with gorgeous original details. The property runs to street to street, to Manning Street. There is a one car car-port on the manning street side of the building. *Bonus -There is also a common elevator that can be repaired and brought back to life! It is not currently being used but would add a ton of value to the building. 5 (2) bedroom units and 4 (1) bedroom units. Could also be an amazing condo conversion!! These building do not become available often at a location like this. Taxes and square footage is the responsibility of the buyer to have verified.
#PAPH2466826

PHILADELPHIA

1723 SPRUCE STREET

14 Beds

None Baths

6,970 Sq.Ft.

$2,890,000

MLS#: PAPH2466826

2020 Locust Street in Rittenhouse Square represents a generational real estate acquisition opportunity to purchase a blue-chip multifamily building in an irreplaceable location — 1.5 blocks to Rittenhouse Square Park— the most esteemed neighborhood in Philadelphia, Pennsylvania. This seven (7) unit apartment building is a turnkey investment. The Property consists of 4,000 SF with 1 commercial space, 3 studios, 2 1bds, + 1 2bd with a private rooftop terrace overlooking Rittenhouse Square and Center City. Renovated in 2017 with hardwood floors, contemporary kitchens and baths, laundry, upgraded HVAC + more..
#PAPH2454236

PHILADELPHIA

2020 LOCUST STREET

4 Beds

None Baths

4,008 Sq.Ft.

$2,400,000

MLS#: PAPH2454236

Located in the lively Pennsport neighborhood of Philadelphia, 1632-1638 S 2nd Street presents a collection of four contemporary luxury townhomes thoughtfully designed for modern living. These brand-new residences, built by one of the city's premier developers, showcase meticulous craftsmanship and attention to detail throughout. Each home spans over 2,400 square feet, offering 4 generously sized bedrooms, 4 full bathrooms, a finished basement, and a spacious 2-car garage complete with Tesla charging capabilities. Upon entry, the towering exteriors lead into light-filled foyers with direct access to the garages via rear entrances. The heart of each home lies on the main level, where sleek, open-concept layouts are accentuated by hardwood floors, oversized windows, and recessed lighting. At their centers, modern chef's kitchens boast high-end Bosch stainless steel appliances, substantial islands with seating, and custom cabinetry complemented by striking green subway tile backsplashes. Adjacent, the dining areas and living rooms open to private terraces, creating inviting indoor-outdoor flow. On the upper levels, the homes continue to impress with thoughtfully designed spaces. The primary suites, located at the rear of the third floors, feature private terraces, expansive walk-in closets, and spa inspired bathrooms outfitted with soaking tubs, glass-enclosed showers, and double vanities. Additional bedrooms, each with ample light and en-suite bathrooms, provide flexibility for guests or growing families. The finished basements expand the living spaces further, ideal for media rooms, home gyms, or offices. Finally, rooftop decks crown these exceptional homes, offering panoramic skyline views perfect for entertaining or quiet reflection. Located steps from Dickinson Square Park, with its farmer's market and recreational facilities, these homes are surrounded by conveniences. Neighborhood favorites like Grindcore House and Moonshine Philly are just a short walk away, while essential retail destinations like Target, Acme, and Ikea are minutes from your door. With easy access to public transit, major highways, and South Jersey, this collection at 1632-1638 S 2nd Street blends modern luxury with urban convenience. All units are currently rented. Additional information available on request.
#PAPH2431958

PHILADELPHIA

1632-1638 S 2ND STREET

None Beds

None Baths

10,620 Sq.Ft.

$3,400,000

MLS#: PAPH2431958

INTRODUCING: 85 EAST — This 9-unit gated new construction apartment community with parking is set back peacefully off the quaint cobbles of Germantown Avenue in Philadelphia’s historic Mount Airy neighborhood in NW PHL. It is a turnkey investment opportunity with an attractive 7.1% cap rate. Comprising 3 contiguous triplex buildings, 85 East features private parking and panoramic rooftop terraces for residents. Each building features two (2) 2bd x 1ba units on the 1st/2nd floors and one (1) 3bd x 2ba unit on the 3rd floor, with private access to the rooftop terrace. The interiors are outfitted with high-end finish kits including quartz countertops, LVP flooring, stainless-steel appliance packages, designer lighting and more. Bright, spacious and airy interiors provide a serene sense of calm inside the buildings. Walkable to Germantown Avenue’s commercial corridor lined with boutiques, shops, breweries, restaurants, cafes and historic structures, 85 East is connected to the fabric of Mount Airy’s eclectic lifestyle. Easy access into Center City and University City by train (3 minutes to Carpenter Station on Chestnut Hill West Septa line) or car (25 minutes to Center City), as well as suburban employment and entertainment districts. Walkable nearby amenities include: Mount Airy Tap Room, Acme, Lovett Memorial Library, Wawa, McMenamin’s, Jansen, Johnson House Historic Site, Weaver’s Way Co-op, Grocery Outlet, Young American Hard Cider and Tasting Room — as well as Wissahickon Valley Park, Chestnut Hill and Historic Germantown. 10 Year Tax Abatement—pay taxes on assessed land value rather than improvements. Minimal expenditures. High-growth rental submarket. BUYER TO VERIFY TAXES, SF, FINANCIALS IN DD.
#PAPH2414060

PHILADELPHIA

85 E SHARPNACK STREET

21 Beds

None Baths

12,720 Sq.Ft.

$2,450,000

MLS#: PAPH2414060

Historic Six-Unit Trophy Property in the Heart of Fairmount Presenting 1516 Green Street, a rare opportunity to acquire a trophy multifamily asset on one of the most architecturally significant and sought-after blocks in the 19130 zip code. Nestled in the heart of Fairmount, this stately six-unit building features a striking Italian-imported marble façade, a spacious front porch, and a private rear yard — all contributing to its timeless curb appeal. The building is situated on a 2,456 SF lot with 25 feet of frontage along beautiful Green Street, surrounded by tree-lined sidewalks and historic townhomes. The building is approximately 6,450 SF. Unit Breakdown: (2) expansive 4-bed, 3-bath bi-level units (lower and ground levels) (4) well-appointed 2-bed, 1-bath units (second and third floors) All units feature spacious layouts, modern finishes, high ceilings, and thoughtful renovations that preserve the property’s historic charm. The building is fully occupied by quality tenants, offering strong in-place cash flow and long-term upside. Prime Location: Located just blocks from Broad Street and Spring Garden, with walkable access to public transit, cafes, gyms, restaurants, and cultural institutions. The Art Museum, Kelly Drive, and Center City are all just minutes away. Whether you're a seasoned investor or an owner-user seeking a legacy asset in one of Philadelphia’s most coveted neighborhoods, 1516 Green Street offers a unique opportunity to own a piece of architectural history with income-producing potential.
#PAPH2525602

PHILADELPHIA

1516 GREEN STREET

14 Beds

None Baths

6,450 Sq.Ft.

$2,950,000

MLS#: PAPH2525602

NEW CONSTRUCTION multi-family asset just off Temple University Campus and Norris Square. Four story corner lot building. 11,360 SF and 11 spacious units in total with condo level finishes. Unit mix consists of 6 one bedrooms, 3 two bedrooms, 1 two bedroom + den, and 1 three bedroom. Shared roof deck, mail and package room, interior bicycle storage, private balconies, individual apartment storage units in the basement along with mechanicals and owners storage. Building entry controlled by Swiftlane smart intercom. 10 year tax abatement. Please reach out to listing agent for pro forma financials.
#PAPH2472958

PHILADELPHIA

809 DIAMOND STREET

17 Beds

None Baths

11,360 Sq.Ft.

$2,850,000

MLS#: PAPH2472958

7 unit aptartment building in a great location in the Francisville neighborhood with 7 PARKING SPOTS under a carport with direct access to the building from the carport. Built in 2018, fully rented. There are long term leases in place for some of the units. There are 6 2br units and 1 one bedroom unit. The 2 br's have two baths, the one bedroom has 1 bath. Central air. The washers and dryers are in the 2 br units and the 1 br unit. No work needed. The pictures are representative of one 2 br unit which all other 2 br units are the same except the 2nd floor units have a balcony. The parking is rare in this neighborhood and attracts tenants. There is a tax abatement still in place. One block off of Ridge ave shopping area and transportation. The building is all electric, no gas.
#PAPH2469810

PHILADELPHIA

907 LELAND STREET

13 Beds

None Baths

10,932 Sq.Ft.

$2,600,000

MLS#: PAPH2469810

Modern Corner-Sited Six-Unit Multifamily with Roof Deck in Prime Francisville Introducing 922–26 N 17th Street, a stunning newer construction six-unit multifamily building located in the heart of Francisville — one of Philadelphia’s most rapidly appreciating neighborhoods. Built in 2017, the building spans approximately 9,504 SF and blends modern finishes, spacious layouts, and premium amenities, just one block south of the thriving Girard Avenue corridor. The property sits on a 3,005 SF corner lot with 45 feet of frontage on 17th Street and 65 feet on W Harper Street, flooding the units with natural light through oversized windows. Unit Mix: (2) Bi-level 4-bed, 3-bath units (one with additional den) (2) 2-bed, 2.5-bath units, each with a private balcony (2) 3-bed, 3.5-bath units, each with a private balcony Each residence is finished with high-end materials, efficient layouts, and ample ceiling heights. Atop the building is a shared 3,000+ SF roof deck with 360-degree skyline views, offering a standout amenity for tenants. Additional Highlights: Full 10-year tax abatement in place (expires 2027) Strong rental appeal due to size and layout Excellent natural light and air from corner exposure Proximity to Broad Street Line, Temple University, and Center City Whether you’re seeking a cash-flowing asset or a long-term hold in a thriving corridor, 922–26 N 17th Street presents a rare opportunity to acquire a trophy-caliber property in a high-growth submarket.
#PAPH2525628

PHILADELPHIA

922-26 N 17TH STREET

16 Beds

None Baths

9,504 Sq.Ft.

$2,450,000

MLS#: PAPH2525628

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here