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MLS: #PAPH2639452, Listed By: Darcy Scollin, OCF Realty LLC - Philadelphia, Source:Bright MLS

550 E Washington Lane

PHILADELPHIA, PA 19144
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Bed 5

Bed

Bath 0

Bath

SqFt2,000

Sqft

Acres0.07

Acre(Lot)

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 ha rdwired 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!

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Detail Ic Property Details

Property Type : Residential Income

Price : $397,700

AD Id : 85682545

MLS Id : PAPH2639452

Beds : 5

Lot Size : 0.07 Acre

Living Area Size : 2,000

Year Built : 1920

Garage : 1

County : PHILADELPHIA

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Feature Features

  • Bedroom Information

    Total beds: 5
  • Flooring Information

    Hardwood
  • Interior Features

    Eat-in Kitchen, Built-in Features, Crown Molding Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Hot Water Has Cooling: Yes Cooling: Central Air, Gas

  • Building Information

    Year Built: 1920 Building Area Total: 2000 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 24.00 x 130.00 Lot Size Acres: 0.07 Lot Size Source: Assessor Lot Size Square Feet: 3076

  • Listing Price Information

    Listing Price: $397700

  • Tax Information

    Parcel Number: 592141200 Tax Lot: 35 Tax Year: 2025 Annual Tax: $3307

  • Parking Information

    Parking Total: 4 Garage, Driveway, Detached

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Location Information

    Direction: Property located on the left, parking out front WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4941 Wayne Avenue, Philadelphia, PA, 19144 $480,000 5 -- 2,787 2,787 SqFt
746 E Chelten Avenue, Philadelphia, PA, 19144 $568,000 -- -- 6,000 6,000 SqFt
334 W Manheim Street, Philadelphia, PA, 19144 $350,000 5 -- --
5607 Baynton Street, Philadelphia, PA, 19144 $335,000 4 -- 2,508 2,508 SqFt
363 E Chelten Avenue, Philadelphia, PA, 19144 $245,000 5 -- 2,481 2,481 SqFt
5223 Morris Street, Philadelphia, PA, 19144 $325,000 4 -- 1,884 1,884 SqFt
5331 Wayne Avenue, Philadelphia, PA, 19144 $325,000 5 -- 5,000 5,000 SqFt
321 E Price Street, Philadelphia, PA, 19144 $350,000 9 -- 3,322 3,322 SqFt
5506 Greene Street, Philadelphia, PA, 19144 $489,000 5 -- 3,316 3,316 SqFt
5230 Schuyler Street, Philadelphia, PA, 19144 $550,000 8 -- 3,100 3,100 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/29/2026 @ 05:09

MLS: PAPH2639452 LISTED BY: Darcy Scollin, OCF Realty LLC - Philadelphia 215-735-7368 SOURCE: Bright MLS

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