One-Bedroom Residential Income
For Sale
$350,000
200 LOMBARD STREET Unit 703, Philadelphia, PA 19147
The unit includes a private patio, in-home laundry, and access to a fitness center and landscaped courtyard.
Property Size824 SF
Days on Market24
Property Features for 200 LOMBARD STREET Unit 703
General Information
Standard status
Active
Size
824 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Society Hill
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,925
Amenities
private patio
in-unit stacked laundry
24-hour front desk/concierge
landscaped common courtyard
fitness center
Building Details
Building Size
824 SF
Year Built
1985
Listing Agency:
KW Empower
Listed By:
Bridget Silver · License #RS321918
(215) 290-5765
Source:
Patmckennarealtors
Added: Oct 9
Changed: Oct 31
Last Checked: Oct 30 at 8:45PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This one-bedroom residence has an open living and dining area, a separate nook suited to a desk or reading space, and a private patio with skyline views. The kitchen features stainless steel appliances, granite counters, and a peninsula. A walk-in closet serves the bedroom, while the unit also has one full bath, a half bath, stacked laundry, and additional closet storage. The building dates to 1985.
Building amenities include a 24-hour front desk and concierge, a fitness center, and a landscaped shared courtyard. The property is at 200 Lombard Street in Philadelphia, Pennsylvania.
Building amenities include a 24-hour front desk and concierge, a fitness center, and a landscaped shared courtyard. The property is at 200 Lombard Street in Philadelphia, Pennsylvania.
Key Highlights
- One‑bedroom unit with a private patio and skyline views
- Open living and dining area, plus a separate nook
- Kitchen with stainless steel appliances, granite counters, and peninsula
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,961
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,220
$259.2K
Cap Rate 7%
$185,157
$185.2K
Cap Rate 9%
$144,011
$144.0K
Market Conditions
NOI Build-Up for 824 SF
Gross rent
$25.0K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$23.6K $28.60/SF
− OpEx
−$10.6K −$12.87/SF
NOI
$13.0K $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 Rate 5%
$259,220
Cap Rate 7%
$185,157
Cap Rate 9%
$144,011
Alternative Uses
Best Use
Apartment 5plus
$185.2K
$162.0K – $216.0K
NOI $12,961 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$200.9K
$175.8K – $234.4K
NOI $14,061 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
10,805
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes a private patio, in-home laundry, and access to a fitness center and landscaped courtyard.
Where is this residential income property located?
The property is located at 200 LOMBARD STREET Unit 703 Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: One‑bedroom unit with a private patio and skyline views; Open living and dining area, plus a separate nook; Kitchen with stainless steel appliances, granite counters, and peninsula
