150 W Washington Ln

Highlights:

• Days on Market: 91
• Heating: Forced Air

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 7.09%, with a projected Year 1 return of 8.52%. 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.

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Listing ID: 804049194674