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 Market289
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 29 at 4:13AM
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 authorities.
Property Analytics
Location Intelligence
Current Use
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 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.
