550 E Washington Ln, Philadelphia, PA 19144
Local realty services provided by:O'BRIEN REALTY ERA POWERED
550 E Washington Ln,Philadelphia, PA 19144
$397,700
- 5 Beds
- 3 Baths
- 2,000 sq. ft.
- Single family
- Active
Listed by: darcy k scollin
Office: ocf realty llc. - philadelphia
MLS#:PAPH2639456
Source:BRIGHTMLS
Price summary
- Price:$397,700
- Price per sq. ft.:$198.85
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!...
Contact an agent
Home facts
- Year built:1920
- Subdivision & Development:NONE AVAILABLE
- Listing ID #:PAPH2639456
- Added:63 day(s) ago
- Updated:August 23, 2026 at 01:59 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Dining Description:Combination Dining/Living
- Kitchen Description:2nd Kitchen, Built-Ins, Crown Moldings, Kitchen - Eat-In, Kitchen - Gourmet
- Bedroom Description:Entry Level Bedroom
- Basement:Yes
- Basement Description:Daylight, Full
- Living area:2,000 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Hot Water, Natural Gas
Structure and exterior
- Year built:1920
- Building area:2,000 sq. ft.
- Lot area:0.07 Acres
- Architectural Style:Colonial
- Construction Materials:Masonry
- Foundation Description:Brick/Mortar, Stone
- Levels:3 Story
Utilities
- Water:Public
- Sewer:Public Septic
Finances and disclosures
- Price:$397,700
- Price per sq. ft.:$198.85
- 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
New listings near 550 E Washington Ln
- Coming Soon
$315,000Coming Soon2 beds 2 baths1,054 sq. ft.741-00 Brighton St, PHILADELPHIA, PA 19111
MLS# PAPH2662906Listed by: KELLER WILLIAMS REAL ESTATE-MONTGOMERYVILLE - Coming Soon
$179,900Coming Soon2 beds 1 baths840 sq. ft.1616 E Lycoming St, PHILADELPHIA, PA 19124
MLS# PAPH2662916Listed by: TESLA REALTY GROUP, LLC - Coming Soon
$285,000Coming Soon4 beds 2 baths2,168 sq. ft.1716 Mifflin St, PHILADELPHIA, PA 19145
MLS# PAPH2662898Listed by: COMPASS PENNSYLVANIA, LLC - Coming SoonOpen Tue, 4 to 6pm
$615,000Coming Soon3 beds 3 baths1,788 sq. ft.2356 E York St, PHILADELPHIA, PA 19125
MLS# PAPH2662864Listed by: PLUS REALTORS - Coming Soon
$310,000Coming Soon3 beds 1 baths1,280 sq. ft.3530 Mercer St, PHILADELPHIA, PA 19134
MLS# PAPH2662324Listed by: RE/MAX ACCESS - Coming Soon
$289,000Coming Soon3 beds 2 baths1,464 sq. ft.3241 Wellington St, PHILADELPHIA, PA 19149
MLS# PAPH2662888Listed by: CANAAN REALTY SERVICES INC - Coming Soon
$389,000Coming Soon3 beds 2 baths1,340 sq. ft.7271 Shalkop St, PHILADELPHIA, PA 19128
MLS# PAPH2658906Listed by: CANAAN REALTY SERVICES INC - Coming Soon
$318,000Coming Soon3 beds 2 baths1,300 sq. ft.2921 Almond St, PHILADELPHIA, PA 19134
MLS# PAPH2662732Listed by: ELFANT WISSAHICKON REALTORS - Coming Soon
$249,900Coming Soon2 beds 1 baths672 sq. ft.1837 E Harold St, PHILADELPHIA, PA 19125
MLS# PAPH2661922Listed by: JG REAL ESTATE LLC - Coming Soon
$279,900Coming Soon2 beds 2 baths1,016 sq. ft.2307 E Harold St, PHILADELPHIA, PA 19125
MLS# PAPH2662742Listed by: HOMESMART REALTY ADVISORS