1226 W Westmoreland St, Philadelphia, PA 19140
Local realty services provided by:ERA Liberty Realty
1226 W Westmoreland St,Philadelphia, PA 19140
$255,000
- 3 Beds
- - Baths
- 2,208 sq. ft.
- Multi-family
- Active
Listed by: katherine vail
Office: elfant wissahickon-rittenhouse square
MLS#:PAPH2611008
Source:BRIGHTMLS
Price summary
- Price:$255,000
- Price per sq. ft.:$115.49
About this home
This is the kind of deal that pencils from day one! A fully renovated 2-unit duplex with serrate utilities steps from Temple University Hospital, available for a quick close with no tenants to navigate and no waiting period to get to work. Lower floors a one bedroom one bath with basement access and a backyard. The upper unit has two bedrooms one bath and ready for tenants the moment you close. Each unit has hardwood, fully renovated kitchen, bath and washer/dryer in each unit. At $255,000 with one unit renting at $995/month and the other at $1,200/month, you're looking at approximately $2,195/month in gross rent and a cap rate in the 8–10% range. The location does the heavy lifting. Temple University Hospital is just 0.2 miles away — a four-minute walk which means your tenant pool includes hospital staff, residents, medical students, and university employees year-round. That's not a seasonal renter market.
Temple University Hospital — 0.2 miles (4-min walk)
Temple University Main Campus — under 0.5 miles
Lewis Katz School of Medicine at Temple — minutes away
Broad Street Line (Allegheny Station) — 0.3 miles
Wagner Free Institute of Science — nearby
The Broad Street Line gives tenants direct access to Center City without a car, which is a significant leasing advantage in this price range.That's stable, professional demand with consistent turnover and reliable income. and RM-1 zoning supports the multifamily use and there is a current active rental license. Seller can close quickly. Building is vacant. No lease-up delay, no inherited tenants, no complications. Just a straightforward acquisition and a property ready to perform....
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Home facts
- Year built:1935
- Listing ID #:PAPH2611008
- Added:71 day(s) ago
- Updated:July 03, 2026 at 02:22 PM
Rooms and interior
- Bedrooms:3
- Flooring:Hardwood
- Basement:Yes
- Basement Description:Daylight, Improved, Interior Access, Partial, Windows
- Living area:2,208 sq. ft.
Heating and cooling
- Heating:Baseboard - Electric, Natural Gas
Structure and exterior
- Roof:Flat
- Year built:1935
- Building area:2,208 sq. ft.
- Lot area:0.02 Acres
- Architectural Style:Contemporary
- Construction Materials:Masonry
- Foundation Description:Brick/Mortar, Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$255,000
- Price per sq. ft.:$115.49
- Tax amount:$3,449 (2026)
Features and amenities
- Amenities:200+ Amp Service
Parking
- Parking description:On Street
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