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150 W Washington Ln
For Sale $1,982,500
$1,982,500
- Units
- Unknown Sq Ft
- 25,636 Sq Ft
- Unknown Cap Rate
Description
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 7.51%, with a projected Year 1 return of 8.60%. 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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,982,500 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881212200 |
| MLS # | PAPH2522108 |
| Property ID | 322021494 |
| Lot Sqft | 25,636 |
| Zoning | RSA2 |
| Days on Market | 158 |
| Original List Price | Unknown |
| Date Updated | November 21, 2025 |
| Date Created | July 28, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Saam Tashayyod an agent of .
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Data last updated: January 02, 2026.
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Robert Crawford
REAL ESTATE AGENT