1417 Lombard Street, Philadelphia, PA 19146

Property Description

Positioned on a prime block of Lombard Street in Center City West, this RM-1 zoned triplex presents a standout opportunity for investors seeking long-term value in one of Philadelphia’s most established and consistently in-demand neighborhoods. Surrounded by acclaimed dining, shopping, cultural destinations, and major employment centers, the location continues to support strong rental demand and enduring market appeal. The property is configured as three units. The first-floor Studio apartment offers direct access to the basement, where a washer and dryer are located. The kitchen area is partially in place and ready for completion, with a stove, refrigerator, and cabinets already present, providing a solid framework for future improvements. The rear second-floor studio unit is currently occupied on a month-to-month lease paying $1,000 per month. The front bi-level unit spanning the second and third floors features two bedrooms and offers flexibility for modernization and value enhancement. This property is an excellent candidate for an investor with vision, offering the opportunity to update and elevate the units over time while capitalizing on a premier Center City West location. With multi-family zoning, an established triplex layout, and strong neighborhood fundamentals, this building would be a wonderful addition to an investment portfolio whether your strategy is renovation, repositioning, or a long-term hold.