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Marjorie Dick Stuart

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150 W Washington Ln, PHILADELPHIA, PA – $2,145,000

  • $2.1M Price
  • 10,840 Sqft
  • .59 Acres
  • 41 DOM
  • $2.1M Price
  • 10,840 Sqft
  • .59 Acres
  • 41 DOM

150 W Washington Ln

144 & 150 Washington Lane, a fully leased 13-unit multifamily investment located in the highly desirable Mount Airy section of Northwest Philadelphia. This 10,840 SF property consists of two contiguous, separately metered buildings featuring a diversified unit mix of 1-, 2-, and 3-bedroom layouts—ideal for tenant retention and income stability. Situated on an oversized 25,513 SF lot, the asset delivers strong cash flow from day one with $18,282/month in scheduled rents and minimal deferred maintenance. The in-place CAP rate is 6.94%, with a projected Year 1 return of 8.34%. With current ownership achieving high occupancy and low turnover, this is a turnkey opportunity for investors seeking passive income in a strong rental corridor. The property benefits from proximity to the regional rail line, Germantown Avenue retail and restaurants, and other lifestyle amenities. With its strategic location, solid rent roll, and operational efficiency, 144 & 150 Washington Lane represents a high-quality, yield-focused multifamily investment in one of Northwest Philadelphia’s most stable rental markets.

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Essential Information

  • MLS® #PAPH2522108
  • Price$2,145,000
  • Bathrooms0.00
  • Square Footage10,840
  • Acres0.59
  • Year Built1900
  • TypeCommercial Sale
  • Sub-TypeFive Or More Units
  • StatusActive

Community Information

  • Address150 W Washington Ln
  • Area19144
  • SubdivisionGERMANTOWN
  • CityPHILADELPHIA
  • CountyPHILADELPHIA-PA
  • StatePA
  • MunicipalityPHILADELPHIA
  • Zip Code19144

Interior

  • HeatingForced Air
  • CoolingNone

Exterior

  • RoofPitched
  • FoundationStone

School Information

  • DistrictPHILADELPHIA CITY

Additional Information

  • Date ListedJuly 29th, 2025
  • Days on Market41
  • ZoningRSA2

Listing Details

  • Office Contact2156085745

Office

Trophy Commercial Real Estate LLC

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Listing information last updated on September 7th, 2025 at 2:45am CDT.