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550 E Washington Lane, PHILADELPHIA, PA 19144 (MLS # PAPH2639456)

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PRICE $397,700 dsIDX morgage calculator
BEDS 5
BATHS 3
HOME SIZE 2,000 sqft
LOT SIZE 3,050 sqft

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!

DAYS ON MARKET 1 LAST UPDATED 6/20/2026
TRACT NONE AVAILABLE YEAR BUILT 1920
COMMUNITY 19119 (19119) GARAGE SPACES 1.0
COUNTY PHILADELPHIA STATUS Active
PROPERTY TYPE(S) Condo/Townhouse/Co-Op

SCHOOLS
School District PHILADELPHIA CITY


ADDITIONAL DETAILS
AIR Central Air, Gas
AIR CONDITIONING Yes
APPLIANCES Gas Water Heater
AREA 19119 (19119)
BASEMENT Daylight, Full, Yes
GARAGE Yes
HEAT Hot Water, Natural Gas
INTERIOR Built-in Features, Crown Molding, Eat-in Kitchen
LOT 3049 sq ft
LOT DIMENSIONS 24.00 x 130.00
PARKING Garage, Driveway, Detached
POOL DESCRIPTION None
SEWER Septic Tank
STORIES 3+
STYLE Colonial
SUBDIVISION NONE AVAILABLE
TAXES 3307
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by OCF Realty LLC - Philadelphia
BrightMLS

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Data last updated: 6/21/26 6:45 PM PDT

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