RM-1 Triplex Investment
1417 Lombard Street Philadelphia, PA 19146
For Sale
$580,000
Triplex with three studio-style units and one bi-level two-bedroom unit, including basement laundry access for the first floor.
Property Size1,940 SF
Price / SF$298.97
Days on Market177
Property Features for 1417 Lombard Street
General Information
- Standard status
- Active
- Size
- 1,940 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1850
Listing Agency:
EXP Realty, LLC
(267) 225-3678
Listed By:
Deidre M Quinn · License #RS276819
(267) 225-3678
Source:
Compass
Added: Jan 28
Changed: Jul 21
Last Checked: Jul 23 at 10:46AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This RM-1 zoned triplex is configured as three separate units. The first-floor studio includes direct access to the basement, where a washer and dryer are located. The kitchen area is partially complete, with a stove, refrigerator, and cabinets already in place and ready for finishing. The rear second-floor studio is currently occupied on a month-to-month lease. The front bi-level unit spans the second and third floors and offers two bedrooms with space suitable for modernization.
Located at 1417 Lombard Street in Philadelphia’s Center City West area, the property benefits from the surrounding mix of established neighborhood amenities and major employment centers described in the listing.
As a residential income property with a documented triplex layout, it presents an investor opportunity to maintain current income while updating and improving the units over time.
Located at 1417 Lombard Street in Philadelphia’s Center City West area, the property benefits from the surrounding mix of established neighborhood amenities and major employment centers described in the listing.
As a residential income property with a documented triplex layout, it presents an investor opportunity to maintain current income while updating and improving the units over time.
Key Highlights
- RM‑1 zoned triplex on Lombard Street in Center City West with three units total
- Unit mix: three studio‑style units plus one bi‑level 2‑bedroom unit spanning the 2nd and 3rd floors
- First‑floor studio has direct basement access with washer and dryer located in the basement
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.1k | $25.80 |
| − Vacancy | −$2.8k | −$1.42 |
| EGI | $47.3k | $24.38 |
| − OpEx | −$14.2k | −$7.31 |
| NOI | $33.1k | $17.06 |
1,940 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$472.9K
$413.8K – $551.8K
NOI $33,106 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$435.9K
$381.4K – $508.6K
NOI $30,515 @ 7.0% cap · market cap 5.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with three studio-style units and one bi-level two-bedroom unit, including basement laundry access for the first floor.
Where is this triplex located?
The property is located at 1417 Lombard Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: RM‑1 zoned triplex on Lombard Street in Center City West with three units total; Unit mix: three studio‑style units plus one bi‑level 2‑bedroom unit spanning the 2nd and 3rd floors; First‑floor studio has direct basement access with washer and dryer located in the basement
