1112 Lombard Street
Philadelphia, PA 19147
- – beds
- – baths
- 18,000 sqft
- 5,512 sqft lot
- $166 per sqft
- 1968 build
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.
Last checked:
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Last updated Mar 7, 2025
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MLS# PAPH2454238 —
The Building
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Year Built:1968
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Masonry
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Building Levels:3
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Building Units Total:4
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Structure Type:Other
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Historic:No
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Architectural Style:Straight Thru
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Accessibility Features:None
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Total SqFt Source:Estimated
Interior
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Flooring Type:Hardwood, Carpet
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:18000
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Living Area SqFt:18,000 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Settlement
Location
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Directions:BETWEEN 11TH-12TH MID-BLOCK ON SOUTH SIDE OF LOMBARD.
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Cross Street:11TH ST
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Latitude:39.94390869
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Longitude:-75.16069031
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Location Type:Downtown
The Property
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Property Subtype:Other
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Property Type:Multi-Family
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Lot Size Units:Square Feet
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Lot Size Acres:0.13
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Lot Size Source:Estimated
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Lot Size Dimensions:71.00 x 78.00
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Lot Dimensions Source:Estimated
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Lot SqFt:5,512 Sqft
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Zoning:RM1
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View:City
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Other Structures:Above Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:CA0
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 606-1095
- Office phone:
- (609) 399-5454
Taxes
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Tax ID Number:881008200
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Tax Year:2024
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Tax Lot:312
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Tax Annual Amount:$27,996
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Tax Assessed Value:$2,000,000
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Year Assessed:2025
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School Tax:15678.0
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City/Town Tax:12318.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Natural Gas
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Heating:Yes
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Heating Type:Central
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Philadelphia City
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School District Source:Listing Agent
The Community
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Subdivision Name:Washington Sq West
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:None
Extra Units
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Vacation Rental:No
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Single Room Units:1
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One Bedroom Units:1
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Two Bedroom Units:9
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Three Bedroom Units:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/7/25
Mar 7, 2025
|
Listed / Active | BRIGHT | $2,999,999 |
