Society Hill Two-Story
For Sale
$465,000
200 LOMBARD STREET #GU12, Philadelphia, PA 19147
Spacious 2-bedroom condo in the heart of Society Hill.
Property Size1,574 SF
Price / SF$295.43
Days on Market465
Property Features for 200 LOMBARD STREET #GU12
General Information
Standard status
Active
Size
1,574 SF
Property subtype
Apartment
Amenities
Wall Unit
Central A/C
Forced Air
Building Details
Building Size
1,574 SF
Year Built
1985
Listing Agency:
KW Empower
Listed By:
Asa Kurland · License #RS349157
(267) 388-1114
Source:
Kw
Added: Jun 2, 2025
Changed: Aug 25
Last Checked: Sep 8 at 10:14AM
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
Investment Insights
Based on property information with market context.
Located in the Society Hill neighborhood, this two-story condo at 200 Lombard St, Unit #GU12, offers 1,574 sqft of living space. The residence features 2 bedrooms and 2.5 bathrooms. The open-concept living space includes large sliding glass doors that provide natural light and access to a private patio. The main level encompasses a living and dining area, neutral tones, and wall-to-wall carpeting. The kitchen is equipped with stainless steel appliances, granite countertops, and ample cabinetry. An adjacent laundry room includes a side-by-side washer and dryer. A powder room is also located on the first floor. Upstairs, two bedrooms feature oversized windows with courtyard views, along with two full bathrooms. The primary bath is finished with a double vanity, upgraded fixtures, and tilework. Additional features include wall-mounted AC units and closet space. The property is located within walking distance to Headhouse Square, Penn’s Landing, and Spruce Street Harbor Park, with access to restaurants, cafes, and public transportation.
Key Highlights
- Prime Society Hill location, walking distance to Headhouse Square, Penn’s Landing, and top restaurants.
- Spacious 2‑bedroom, 2.5‑bathroom condo with 1,574 sqft of living space.
- Open‑concept living space with large sliding glass doors leading to a private patio.
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
$24,758
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
5.32%
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%
$495,160
$495.2K
Cap Rate 7%
$353,686
$353.7K
Cap Rate 9%
$275,089
$275.1K
Market Conditions
NOI Build-Up for 1,574 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
$47.8K $30.36/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$45.0K $28.60/SF
− OpEx
−$20.3K −$12.87/SF
NOI
$24.8K $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%
$495,160
Cap Rate 7%
$353,686
Cap Rate 9%
$275,089
Alternative Uses
Best Use
Apartment 5plus
$353.7K
$309.5K – $412.6K
NOI $24,758 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$383.7K
$335.8K – $447.7K
NOI $26,860 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Spacious 2-bedroom condo in the heart of Society Hill.
Where is this apartment building located?
The property is located at 200 LOMBARD STREET #GU12 Philadelphia, PA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Prime Society Hill location, walking distance to Headhouse Square, Penn’s Landing, and top restaurants.; Spacious 2‑bedroom, 2.5‑bathroom condo with 1,574 sqft of living space.; Open‑concept living space with large sliding glass doors leading to a private patio.
