Medical Office Conversion
For Sale
$229,000
145 E LEHIGH AVE, Philadelphia, PA 19125
Currently configured as a medical office with a flexible multi-room layout and backyard access.
Property Size1,440 SF
Price / SF$159.03
Days on Market92
Property Features for 145 E LEHIGH AVE
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-Family
Building Details
Stories
2
Listing Agency:
Keller Williams Real Estate-Blue Bell
(215) 646-2900
Listed By:
Sharyn Soliman · License #RS330729
(267) 625-7568
Source:
Careyrealtygroup
Added: Jul 6
Changed: Sep 27
Last Checked: Oct 5 at 5:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Real Estate-Blue Bell
Investment Insights
Based on property information with market context.
This property is currently used as a medical office and offers a flexible, multi-room layout that could be reimagined for other uses. The first floor includes a bright reception area, a private office with a checkout window, two additional rooms, a powder room, and access to the backyard. The second floor features a full kitchen, a bath with a tub and shower, two additional rooms suitable for offices or bedrooms, and a hallway closet for storage.
The asset is located at 145 E Lehigh Avenue in Philadelphia, PA 19125.
Overall, the existing configuration spans two levels with multiple rooms, wet areas on the upper level, and outdoor access, supporting a range of reconfiguration possibilities for an end user.
The asset is located at 145 E Lehigh Avenue in Philadelphia, PA 19125.
Overall, the existing configuration spans two levels with multiple rooms, wet areas on the upper level, and outdoor access, supporting a range of reconfiguration possibilities for an end user.
Key Highlights
- Currently used as a medical office with a flexible multi‑room layout and conversion potential to residential use.
- Two floors with multiple rooms for bedrooms, office, den, or playroom configurations, plus a powder room on the first floor.
- Second floor includes a full kitchen, bathroom with tub and shower, and two additional rooms for bedrooms or an office.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,950
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,000
$379.0K
Cap Rate 7%
$270,714
$270.7K
Cap Rate 9%
$210,556
$210.6K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$31.6K $21.96/SF
− Vacancy
−$6.4K −$4.41/SF
EGI
$25.3K $17.55/SF
− OpEx
−$6.3K −$4.39/SF
NOI
$18.9K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,000
Cap Rate 7%
$270,714
Cap Rate 9%
$210,556
Alternative Uses
Best Use
Office B
$270.7K
$236.9K – $315.8K
NOI $18,950 @ 7.0% cap · market cap 8.28%
Second Best
Healthcare Medical
$266.6K
$233.3K – $311.0K
NOI $18,662 @ 7.0% cap · market cap 8.15%
Theoretical Best
Multifamily LT 5
$351.0K
$307.2K – $409.6K
NOI $24,573 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,489
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Currently configured as a medical office with a flexible multi-room layout and backyard access.
Where is this medical office space located?
The property is located at 145 E LEHIGH AVE Philadelphia, PA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Currently used as a medical office with a flexible multi‑room layout and conversion potential to residential use.; Two floors with multiple rooms for bedrooms, office, den, or playroom configurations, plus a powder room on the first floor.; Second floor includes a full kitchen, bathroom with tub and shower, and two additional rooms for bedrooms or an office.
