550 E Washington Lane
Philadelphia, PA, 19144 $ 397,700
Bedrooms5 Baths3.0 Sq 2,000 Monthly Estimate*
$ 2,449
for $397,700 with 5 bedrooms and 3 full baths. This 2,000 square foot townhouse was built in 1920 on a lot size of 0.07.
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 Owners 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 throughoutideal 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 readyschedule your showing today!
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FeaturesGeneralLiving Area 2000
Sewer Public Septic
Heating Hot Water
Cooling Central A/C
Possession Negotiable Immediate
Zoning RSA3
Garage Spaces 1.00
Architectural Style Colonial
Construction Materials Masonry
School District PHILADELPHIA CITY
Year Built 1920
Levels 3
Tax Year 2025
Ownership Fee Simple
Cool Fuel Natural Gas
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Residential
HOA N
Subdivision Name NONE AVAILABLE
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 3
Status COMING SOON
Directions Property located on the left parking out front
City PHILADELPHIA
Senior Community Y/N N
MLS Area 19119 (19119)
Lot Size Units Square Feet
Lot Size Square Feet 3076.00
Tax Annual Amount 3307.0
Structure Type Twin/Semi-Detached
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 1
Bathrooms Count Main Level 1.00
Price Per Sq Ft Total AG 198.85
Vacation Rental Y/N N
Standard Status Coming Soon
Year Built Source Estimated
Tax Lot 35
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InteriorInterior Amenities 2nd Kitchen Additional Stairway Bathroom - Stall Shower Bathroom - Walk-In Shower Built-Ins Combination Dining/Living Crown Moldings Entry Level Bedroom Family Room Off Kitchen Kitchen - Eat-In Kitch
Heating Fuel Natural Gas
Basement Daylight Full
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2000
Central Air Y/N Y
Total Bedrooms 5
Below Grade Finished Area 0
Main Level Bedrooms 2
Below Grade Finished Area Unit Type Square Feet
Laundry Type Main Floor Upper Floor
Below Grade Finished Area Source Estimated
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 3
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ExteriorPool No Pool
Water Source Public
Inclusions All Appliances in both units
Garage Features Garage - Front Entry
Type of Parking Detached Garage Driveway
Foundation Details Brick/Mortar Stone
Water View Y/N N
Lot Dimensions 24.00 x 130.00
Lot Size Acres 0.07
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 47260.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByOcf Realty Llc - PhiladelphiaBroker
darcyscollin@msn.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,449
- Monthly Property Taxes
- $276
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTownhouse listings in Philadelphia, PA
Average List Price $352,174
Percent of Sale Price 11%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
4835660 Elementary School
4835659 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/20/2026 | $397,700 | | Listed Price |