550 E Washington Ln, Philadelphia, PA 19144
Local realty services provided by:CENTURY 21 Downtown
550 E Washington Ln,Philadelphia, PA 19144
$397,700
- 5 Beds
- - Baths
- - sq. ft.
- Multi-family
- Coming Soon
Listed by: darcy k scollin
Office: ocf realty llc. - philadelphia
MLS#:PAPH2639452
Source:BRIGHTMLS
Price summary
- Price:$397,700
About this home
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!...
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Home facts
- Year built:1920
- Listing ID #:PAPH2639452
- Updated:June 20, 2026 at 09:45 PM
Rooms and interior
- Bedrooms:5
- Flooring:Hardwood
- Kitchen Description:2nd Kitchen, Built-Ins, Crown Moldings, Kitchen - Eat-In, Kitchen - Gourmet
Heating and cooling
- Cooling:Central A/C
- Heating:Hot Water, Natural Gas
Structure and exterior
- Year built:1920
- Architectural Style:Colonial
- Construction Materials:Masonry
- Foundation Description:Brick/Mortar, Stone
Utilities
- Water:Public
- Sewer:Public Septic
Finances and disclosures
- Price:$397,700
- Tax amount:$3,307 (2025)
Features and amenities
- Amenities:Built-Ins, Crown Moldings
Parking
- Parking description:Detached Garage, Garage - Front Entry
- Garage:Yes
- Garage spaces:1
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