1. Pennsylvania
2. Philadelphia
3. 150 W WASHINGTON LN

150 W WASHINGTON LN, Philadelphia, PA 19144

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 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.

Listing Status:

Active

Listing Office:

Trophy Commercial Real Estate LLC : 2156085745

Listing Agent:

Saam Tashayyod : 2156085745

MLS ID:

PAPH2522108

Interior

• Flooring: WoodVinyl
• A/C: None
• Heating: Forced AirNatural Gas
• Disability Feature: None

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Saam Tashayyod, Trophy Commercial Real Estate LLC