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Washington Woods 1007-1023 Bullock Ave 30 Unit Apartment Building $3,650,000 ($121,667/Unit) 7.50% Cap Rate Lansdowne, PA 19050
Investment Highlights
- Highly Accessible Suburban Philadelphia Location: Located in Yeadon Borough, just minutes from Center City Philadelphia
- Highly Efficient and Desirable Unit Mix: The property’s one- and two-bedroom apartments feature functional layouts that appeal to a broad renter base
- Stable Rent Profile with Measured Upside: In-place rents are below prevailing market levels for comparable properties
- Limited New Supply Supporting Fundamentals: Minimal new multifamily development in the surrounding submarket
Executive Summary
Washington Woods is a 30-unit garden-style apartment community located at 1007–1023 Bullock Avenue in Yeadon, Pennsylvania. The subject property offers investors a compelling combination of scale, affordability-driven demand, and meaningful value-add upside.
Washington Woods consists of 30 apartment units, including (23) one-bedroom/one-bath apartments averaging approximately $1,117 per month and (7) two-bedroom/one-bath units averaging approximately $1,354 per month. Units feature efficient and functional layouts that support consistent occupancy and strong tenant demand. Current in-place rents remain well below prevailing market levels for comparable properties in the surrounding submarket, creating a clear opportunity for new ownership to drive rental upside through modest interior upgrades and improved operational management.
Located minutes from Center City Philadelphia, Yeadon Borough provides residents with convenient access to major employment corridors, multiple transit options, and the Greater Philadelphia metropolitan area. The submarket benefits from sustained rental demand driven by relative affordability, limited new multifamily development, and proximity to regional job centers.
Washington Woods presents an attractive investment opportunity due to its favorable suburban location, stable rent profile, well-considered unit mix, and defined value-add potential. Its proximity to Philadelphia, combined with strong underlying fundamentals, contributes to its appeal as a long-term holding within a competitive inner-ring suburban market, offering durable cash flow and opportunities for incremental income growth.
Washington Woods consists of 30 apartment units, including (23) one-bedroom/one-bath apartments averaging approximately $1,117 per month and (7) two-bedroom/one-bath units averaging approximately $1,354 per month. Units feature efficient and functional layouts that support consistent occupancy and strong tenant demand. Current in-place rents remain well below prevailing market levels for comparable properties in the surrounding submarket, creating a clear opportunity for new ownership to drive rental upside through modest interior upgrades and improved operational management.
Located minutes from Center City Philadelphia, Yeadon Borough provides residents with convenient access to major employment corridors, multiple transit options, and the Greater Philadelphia metropolitan area. The submarket benefits from sustained rental demand driven by relative affordability, limited new multifamily development, and proximity to regional job centers.
Washington Woods presents an attractive investment opportunity due to its favorable suburban location, stable rent profile, well-considered unit mix, and defined value-add potential. Its proximity to Philadelphia, combined with strong underlying fundamentals, contributes to its appeal as a long-term holding within a competitive inner-ring suburban market, offering durable cash flow and opportunities for incremental income growth.
Property Facts
| Price | $3,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $121,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.81 AC |
| Cap Rate | 7.50% | Building Size | 36,000 SF |
| No. Units | 30 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment |
| Price | $3,650,000 |
| Price Per Unit | $121,667 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 36,000 SF |
| No. Stories | 2 |
| Year Built | 1970 |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
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Property Taxes
| Parcel Number | 48-00-01002-01 | Improvements Assessment | $1,412,220 |
| Land Assessment | $133,350 | Total Assessment | $1,545,570 |
Property Taxes
Parcel Number
48-00-01002-01
Land Assessment
$133,350
Improvements Assessment
$1,412,220
Total Assessment
$1,545,570
Contacts
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Robert DiPasquale -
Corey Lonberger -
Charles Lang -
Kiersten Mangin
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Luke DeLuca -
GREA
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Washington Woods | 1007-1023 Bullock Ave
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