Residential Income Property with
For Sale
$259,900
200 LOMBARD STREET Unit 722, Philadelphia, PA 19147
Condominium unit with updated stainless-steel appliances, east and south exposures, and convenient access to nearby restaurants.
Property Size650 SF
Days on Market50
Property Features for 200 LOMBARD STREET Unit 722
General Information
Standard status
Active
Size
650 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Society Hill
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,138
Amenities
woodburning fireplace
stainless steel appliances
Building Details
Building Size
650 SF
Year Built
1985
Listing Agency:
Tara Management Services Inc
Listed By:
Beverly E Kessler-Rosa · License #RM050680A
(215) 985-4855
Source:
Patmckennarealtors
Added: Sep 13
Changed: Oct 31
Last Checked: Oct 30 at 7:26PM
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 Tara Management Services Inc
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Investment Insights
Based on property information with market context.
Unit 722 is a condominium residence within Abbott Square Condominiums, a building constructed in 1985. The home includes a wood-burning fireplace, and most appliances have been replaced with stainless-steel models. East-facing windows provide morning light, while southern exposure extends through much of the day.
The property is located in Philadelphia near Columbus Boulevard and an expanding waterfront area. Restaurants and everyday conveniences are within walking distance. Nearby parking options include garages and metered spaces, adding flexibility for residents and visitors.
The property is located in Philadelphia near Columbus Boulevard and an expanding waterfront area. Restaurants and everyday conveniences are within walking distance. Nearby parking options include garages and metered spaces, adding flexibility for residents and visitors.
Key Highlights
- Wood‑burning fireplace in Unit 722
- Most appliances recently replaced with stainless‑steel models
- East‑facing orientation provides morning light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,224
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,480
$204.5K
Cap Rate 7%
$146,057
$146.1K
Cap Rate 9%
$113,600
$113.6K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$19.7K $30.36/SF
− Vacancy
−$1.1K −$1.76/SF
EGI
$18.6K $28.60/SF
− OpEx
−$8.4K −$12.87/SF
NOI
$10.2K $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%
$204,480
Cap Rate 7%
$146,057
Cap Rate 9%
$113,600
Alternative Uses
Best Use
Apartment 5plus
$146.1K
$127.8K – $170.4K
NOI $10,224 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$158.5K
$138.7K – $184.9K
NOI $11,092 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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 - Condominium unit with updated stainless-steel appliances, east and south exposures, and convenient access to nearby restaurants.
Where is this residential income property located?
The property is located at 200 LOMBARD STREET Unit 722 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: Wood‑burning fireplace in Unit 722; Most appliances recently replaced with stainless‑steel models; East‑facing orientation provides morning light
