Top-Floor Residential Income
New
For Sale
$249,000
200 LOMBARD STREET Unit 821, Philadelphia, PA 19147
One-bedroom residence with a private balcony, river views, and in-unit laundry.
Property Size560 SF
Days on Market6
Property Features for 200 LOMBARD STREET Unit 821
General Information
Standard status
Active
Size
560 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,970
Amenities
24/7 front desk service
fitness center
on-site management
on-site garage parking
in-unit washer/dryer
private balcony
Building Details
Building Size
560 SF
Year Built
1985
Listing Agency:
BY Real Estate
Listed By:
Susan Dong · License #AB069097
(267) 534-3595
Source:
Patmckennarealtors
Added: Sep 15
Changed: Sep 19
Last Checked: Sep 20 at 10:29AM
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 BY Real Estate
Investment Insights
Based on property information with market context.
This top-floor residential income property at Abbotts Square includes a one-bedroom layout with hardwood flooring, recessed lighting, and three windows serving the living area and kitchen. The kitchen is finished with granite countertops, walnut cabinetry, and a breakfast bar. The separate bedroom includes a double closet and opens directly to a private balcony with river views. A marble-tiled bathroom and in-unit washer and dryer add practical residential features.
Abbotts Square provides 24/7 front desk service, on-site management, a fitness center, and garage parking options. The property is near Headhouse Square, neighborhood restaurants, cafes, shopping, and a farmers market, with public transportation access and waterfront walking and biking trails reached via the South Street pedestrian bridge. Built in 1985.
Abbotts Square provides 24/7 front desk service, on-site management, a fitness center, and garage parking options. The property is near Headhouse Square, neighborhood restaurants, cafes, shopping, and a farmers market, with public transportation access and waterfront walking and biking trails reached via the South Street pedestrian bridge. Built in 1985.
Key Highlights
- Top‑floor one‑bedroom residence with river views
- Private balcony accessible from the bedroom
- Kitchen with granite countertops, walnut cabinetry, and breakfast bar
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
$8,809
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
3.54%
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%
$176,180
$176.2K
Cap Rate 7%
$125,843
$125.8K
Cap Rate 9%
$97,878
$97.9K
Market Conditions
NOI Build-Up for 560 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
$17.0K $30.36/SF
− Vacancy
−$986 −$1.76/SF
EGI
$16.0K $28.60/SF
− OpEx
−$7.2K −$12.87/SF
NOI
$8.8K $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%
$176,180
Cap Rate 7%
$125,843
Cap Rate 9%
$97,878
Alternative Uses
Best Use
Apartment 5plus
$125.8K
$110.1K – $146.8K
NOI $8,809 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$136.5K
$119.5K – $159.3K
NOI $9,556 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
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
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence with a private balcony, river views, and in-unit laundry.
Where is this residential income property located?
The property is located at 200 LOMBARD STREET Unit 821 Philadelphia, PA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Top‑floor one‑bedroom residence with river views; Private balcony accessible from the bedroom; Kitchen with granite countertops, walnut cabinetry, and breakfast bar
