About This Home
This 0-bedroom, 0-bathroom residential multi family at 550 E WASHINGTON Lane in Philadelphia, PA is listed for $397,700 ($199 per sqft). Built in 1920, the home offers 2,000 sqft of living space on a 0.07 acres lot.
Key Features
- Built in 1920
- 0.07 acre lot
- 4 parking spaces
Property Details
Amenities
Welcome to the safest, most turnkey multi-family opportunity on the market in Germantown! This fully licensed, pristine duplex was stripped to the studs and underwent a 100% permitted, fully inspected, and certified building code renovation. Whether you are an investor looking for a low-maintenance, high-yield asset or a buyer looking to "house hac
k" and live for next to nothing while a tenant pays your mortgage, this property delivers ultimate peace of mind. The building is structurally and mechanically optimized, featuring independent sub-panels and separate metering for electric, independent high-efficiency HVAC furnaces and central A/C for each unit, 100% new plumbing, newer roofing, and modern insulated windows.
Built to strict commercial multi-family standards, the property boasts hardwired smoke/fire alarms throughout, required commercial-grade fire-rated doors, and code-compliant unit fire separations, alongside full interior Lead-Safe Certifications. Unit 1 (First Floor): A spacious 2-bedroom, 1-bathroom apartment featuring durable bamboo flooring thro
ughout, a modern kitchen with custom counters and tile backsplash, and a beautifully tiled bathroom with porcelain walls extending to the ceiling. Historic rent: $1,360/month. Unit 2 (Second & Third Floors): A sprawling 3-bedroom, 2-full-bathroom bi-level unit boasting restored oak flooring on the main level and sleek bamboo upstairs, matching custom tile finishes in the kitchen, and porcelain-tiled baths.
Historic rent: $1,740/month. Both apartments feature fully equipped kitchens and dedicated in-unit laundry utility spaces. The Owner's Bonus: The owner retains exclusive possession of a massive 750 SF basement workshop and a full-sized garage workshop, both heavily upgraded with dedicated 20-amp circuits throughout-ideal for hobbyists, contractors,
artisan creators, or passive storage monetization (can easily be modified back for standard parking). Outside, the exterior features an attached garage, a private driveway, and dedicated off-street tenant parking out front. The low-maintenance concrete rear yard eliminates landscaping upkeep. Unbeatable location steps from local schools, regional rail trains, buses, and daily shopping conveniences. Clean, certified, and completely move-in ready-schedule your showing today!
Monthly Cost Estimate
$2,127/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
550 E WASHINGTON Lane
Philadelphia, PA 19144
Features & Amenities
Interior Features
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 550 E WASHINGTON Lane is listed at $397,700 ($199/sqft). The estimated monthly payment is $2,127 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1920, 0.07 acre lot, 4 parking spaces. Interior Features: 2nd Kitchen, Additional Stairway, Bathroom - Stall Shower.
This property is listed by Darcy K Scollin and can be reached at 2152856198.
