Medical Office Conversion
145 E Lehigh Avenue Philadelphia, PA 19125
For Sale
$229,000
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 Market285
Property Features for 145 E Lehigh Avenue
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1935
Listing Agency:
BHHS Fox & Roach-Art Museum
(856) 222-0077
Listed By:
Gary Cook
Source:
Thetristaterealestategroup
Added: Oct 15, 2025
Changed: Jul 21
Last Checked: Jul 26 at 3:35AM
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 BHHS Fox & Roach-Art Museum
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 For Office B
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 | $31.6k | $21.96 |
| − Vacancy | −$6.4k | −$4.41 |
| EGI | $25.3k | $17.55 |
| − OpEx | −$6.3k | −$4.39 |
| NOI | $18.9k | $13.16 |
1,440 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Active Life
Home Health Care Service
A.L. Home Health ...
Home Health Care Service
FAQs
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 Avenue 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.
