New Construction Point Breeze
For Sale
$510,000
1922 S LAMBERT STREET, Philadelphia, PA 19145
Newly constructed duplex in Point Breeze with modern amenities and city views.
Property Size1,785 SF
Price / SF$285.71
Days on Market1059
Property Features for 1922 S LAMBERT STREET
General Information
Standard status
Active
Size
1,785 SF
Property subtype
Duplex
Site & Location
Neighborhood
West Passyunk
Amenities
Forced Air
Central A/C
Building Details
Building Size
1,785 SF
Year Built
2019
Listing Agency:
Keller Williams Main Line
Listed By:
Elan Elkaim · License #RS316148
(215) 779-9233
Source:
Kw
Added: Dec 1, 2023
Changed: Oct 12
Last Checked: Oct 23 at 4:59PM
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 Main Line
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Investment Insights
Based on property information with market context.
This newly constructed duplex is located at 1922 S Lambert in the Point Breeze neighborhood of Philadelphia. The property features two bi-level units, each with 3 bedrooms and 2 bathrooms. Each unit includes in-unit washer/dryers, open concept living/dining spaces, and kitchens equipped with granite countertops and stainless steel appliances. Modern extras include a built-in surround sound speaker system, a smart thermostat, and a security system. One unit offers a private roof deck with city skyline views, while the other features a spacious private backyard. The property is located near restaurants, cafes, breweries, Smith Playground, and Girard Park. Shopping options such as Aldi and Acme, and retailers like Home Depot, Staples, and BJ’s are also nearby. The location provides convenient access to transit options and highways 76 & 95, the sports complex, and the airport. The property size is 1785 square feet. This duplex is suitable for both homeowners and investors.
Key Highlights
- New Construction Duplex in Point Breeze with Tax Abatement
- Two Bi‑Level Units, Each with 3 Bedrooms and 2 Bathrooms
- In‑Unit Washer/Dryers, Open Concept Living, and Modern Kitchens with Granite Countertops and Stainless Steel Appliances**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,461
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,220
$609.2K
Cap Rate 7%
$435,157
$435.2K
Cap Rate 9%
$338,456
$338.5K
Market Conditions
NOI Build-Up for 1,785 SF
Gross rent
$46.1K $25.80/SF
− Vacancy
−$2.5K −$1.42/SF
EGI
$43.5K $24.38/SF
− OpEx
−$13.1K −$7.31/SF
NOI
$30.5K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,220
Cap Rate 7%
$435,157
Cap Rate 9%
$338,456
Alternative Uses
Best Use
Multifamily LT 5
$435.2K
$380.8K – $507.7K
NOI $30,461 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$401.1K
$351.0K – $468.0K
NOI $28,077 @ 7.0% cap · market cap 5.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,032
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Newly constructed duplex in Point Breeze with modern amenities and city views.
Where is this duplex located?
The property is located at 1922 S LAMBERT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: New Construction Duplex in Point Breeze with Tax Abatement; Two Bi‑Level Units, Each with 3 Bedrooms and 2 Bathrooms; In‑Unit Washer/Dryers, Open Concept Living, and Modern Kitchens with Granite Countertops and Stainless Steel Appliances**
