We are pleased to present the exclusive offering of 919–921 Lombard Street, a six-unit multifamily property located in the highly sought-after Washington Square West submarket of Philadelphia. The property consists of six oversized residential units totaling approximately 6,900 rentable square feet, including several bi-level, townhouse-style layouts that offer exceptional interior space, privacy, and functional separation. The asset is currently operating with strong in-place occupancy and stable cash flow.
At the offering price of $2,150,000, the property generates an in-place Net Operating Income of approximately $149,523, equating to a 6.95% cap rate. With upside potential through rent growth and normalization to market rents, the asset is projected to achieve a stabilized NOI of approximately $167,936, representing a 7.81% stabilized cap rate.