Residential Income Property with
For Sale
$259,900
200 LOMBARD STREET Unit 528, Philadelphia, PA 19147
One-bedroom residence with building amenities, in-unit laundry, and access to Society Hill neighborhood destinations.
Property Size815 SF
Price / SF$318.90
Days on Market86
Property Features for 200 LOMBARD STREET Unit 528
General Information
Standard status
Active
Size
815 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,922
Amenities
24-hour front desk concierge
fitness center
common courtyard
private balcony
Building Details
Building Size
815 SF
Year Built
1985
Listing Agency:
Elfant Wissahickon Realtors
Listed By:
Jeanne A Whipple · License #RS275042
(215) 866-0050
Source:
Patmckennarealtors
Added: Jun 15
Changed: Sep 2
Last Checked: Sep 8 at 11:24AM
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 Elfant Wissahickon Realtors
Investment Insights
Based on property information with market context.
Unit 528 at Abbotts Square is an approximately 815-square-foot, one-bedroom residence with one full bath and one half bath. The interior includes distinct living and dining areas, stainless steel appliances, built-in cabinetry, substantial storage, and a stackable washer and dryer. The primary suite includes a private bathroom and walk-in closet, while a private balcony faces South Street.
Building amenities include a 24-hour front desk concierge, elevator service, fitness center, and landscaped common courtyard. The property is at 200 Lombard Street in Philadelphia’s Society Hill, across from Headhouse Square and near the Sunday Farmers Market, local restaurants, cafés, and boutique retail. Penn’s Landing, Spruce Street Harbor Park, and the Delaware River waterfront are within walking distance, with I-95 providing regional access.
Building amenities include a 24-hour front desk concierge, elevator service, fitness center, and landscaped common courtyard. The property is at 200 Lombard Street in Philadelphia’s Society Hill, across from Headhouse Square and near the Sunday Farmers Market, local restaurants, cafés, and boutique retail. Penn’s Landing, Spruce Street Harbor Park, and the Delaware River waterfront are within walking distance, with I-95 providing regional access.
Key Highlights
- Approximately 815 SF with one bedroom, one full bath, and one half bath
- Private balcony overlooking South Street
- Open living and dining arrangement with built‑in cabinetry and ample storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,820
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$256,400
$256.4K
Cap Rate 7%
$183,143
$183.1K
Cap Rate 9%
$142,444
$142.4K
Market Conditions
NOI Build-Up for 815 SF
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.
Gross rent
$24.7K $30.36/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$23.3K $28.60/SF
− OpEx
−$10.5K −$12.87/SF
NOI
$12.8K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$256,400
Cap Rate 7%
$183,143
Cap Rate 9%
$142,444
Alternative Uses
Best Use
Apartment 5plus
$183.1K
$160.3K – $213.7K
NOI $12,820 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$198.7K
$173.9K – $231.8K
NOI $13,908 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
10,805
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence with building amenities, in-unit laundry, and access to Society Hill neighborhood destinations.
Where is this residential income property located?
The property is located at 200 LOMBARD STREET Unit 528 Philadelphia, PA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Approximately 815 SF with one bedroom, one full bath, and one half bath; Private balcony overlooking South Street; Open living and dining arrangement with built‑in cabinetry and ample storage
