$ 397,700
-
$397,700
Price -
5
Bed -
3
Bath -
2,000
SqFt
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About the Listing OCFRLTY - 3175112
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!
Listing Highlights
Status
Active
Days on Site
11
Property Type
Residential
MLS ®
PAPH2639456
Year Built
1920
Total Square Footage
2,000
Lot/Acreage
0.07
County
Philadelphia
Neighborhood
None Available
Area
19119 (19119)
School District
Philadelphia City
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2000
- Below Ground Sq Ft: 0
- Basement: Daylight,Full
- Other: 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,Kitchen - Gourmet,Main Floor Bedrooms: 2
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: 1 car
- Parking Spaces: 4
- Lot Dimensions: 24.00 x 130.00
- Zoning: RSA3
- Roof:
- Others:
- Sewer: Public Septic
- Parking Features: Garage - Front Entry,Detached Garage,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $3,307
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
550 E Washington Ln Philadelphia, PA 19144
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