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6518-6522 Lebanon Ave 1,312 SF 100% Leased Office Building Philadelphia, PA 19151 $1,148,000 ($875/SF) 8.53% Cap Rate
Investment Highlights
- Three adjacent buildings sold as one parcel, totaling approximately 10,000 square feet across three stories.
- Generates an 8.53% capitalization rate with consistent occupancy and strong cash flow.
- Located in the Overbrook Farms neighborhood, offering proximity to City Line Avenue, St. Joseph’s University, and Lankenau Medical Center.
- Stabilized, fully leased 8-unit property featuring six residential apartments, one medical/rehabilitation center, and one daycare facility.
- Zoned CMX-2, allowing flexible use for retail, medical office, and residential density.
- Constructed with durable stone masonry and historically maintained for long-term asset stability.
Executive Summary
3 adjacent buildings on same Deed 6518-6520-6522 Lebanon Ave is a Turnkey 8-Unit Cash Cow delivering Powerful 8.5% Cap Rate with room to increase. **Prime CMX-2 Mixed-Use Investment Opportunity in Overbrook Farms section of Philadelphia. **Invest in immediate cash flow with this stabilized, fully leased 8-unit portfolio asset offering 6 apartments, 1 medical/rehabilitation center and 1 daycare facility. **Anchored by established commercial and residential tenancy, this commanding stone corner property delivers a powerful 8.5% Capitalization Rate from Day 1. **Fully rented with a proven track record of high occupancy. Meticulously maintained stone masonry structure. **CMX-2 zoning offers maximum flexibility for retail, medical office, and residential density. Situated in the heart of Overbrook Farms, a high-density neighborhood with strong demand for local services and housing and easy access to some of the region’s best outdoor areas such as Fairmount Park. Just a short drive to City Line Avenue, St. Joseph's University and Lankenau Medical Center. This is a rare opportunity to acquire a high-performing asset in a high-barrier-to-entry market. Perfect for 1031 Exchange buyers seeking passive income.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$134,784
|
$102.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$134,784
|
$102.73
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $134,784 |
| Annual Per SF | $102.73 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $134,784 |
| Annual Per SF | $102.73 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,312 SF
Building Class
C
Year Built
1925
Price
$1,148,000
Price Per SF
$875
Cap Rate
8.53%
NOI
$97,940
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
656 SF
Building FAR
0.25
Lot Size
0.12 AC
Zoning
CMX2
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Wilson's Around The Clock Home
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Wilson's Around The Clock Home | Health Care and Social Assistance | - | - | - |
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Exceptionally walkable
90/100
Somewhat drivable
30/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 344048205 | Improvements Assessment | $167,040 (2026) |
| Land Assessment | $41,760 (2026) | Total Assessment | $208,800 (2026) |
Property Taxes
Parcel Number
344048205
Land Assessment
$41,760 (2026)
Improvements Assessment
$167,040 (2026)
Total Assessment
$208,800 (2026)
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6518-6522 Lebanon Ave