# 550 E WASHINGTON Lane, Philadelphia, PA 19144

> **TL;DR:** residential multi family, $397,700 ($199/sqft), built 1920, 2,000 sqft.
> A/C. Est. $2,127/mo. Listed 4 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $397,700 |
| Price/sqft | $199 |
| Square Feet | 2,000 |
| Year Built | 1920 |
| Lot Size | 3,075 sqft (0.07 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 4 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,011 |
| Estimated Insurance | $116 |
| **Total** | **$2,127** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1920
- 0.07 acre lot
- 4 parking spaces

## Description

### Agent Description
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 hack" 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 throughout, 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!

## Location

- **Address:** 550 E WASHINGTON Lane, Philadelphia, PA 19144
- **County:** PHILADELPHIA
- **Coordinates:** 40.05028534, -75.1732254
- **Google Maps:** https://www.google.com/maps?q=40.05028534,-75.1732254

## Listing Agent

- **Name:** Darcy K Scollin
- **Brokerage:** OCF Realty LLC - Philadelphia
- **Phone:** 2152856198

## Primary Photo

![550 E WASHINGTON Lane - Primary Photo](http://lh.rdcpix.com/7010415024f6f3f38e8bcc4b0482c332l-f805894399r.jpg)

*35 total photos available on [listing page](https://www.propertysimple.ai/listing/550-e-washington-lane-philadelphia-pa-19144-h2639452)*

---

**MLS#:** PAPH2639452 | **Updated:** 2026-08-02
**Source:** listhub

*Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/550-e-washington-lane-philadelphia-pa-19144-h2639452)

---

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